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Under contract
  • Price cut: $50K (5/12)
    $799,000

    1401 County Road K, Panhandle, TX 79068

    9beds
    10,832sqft
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    Single Family Residence
    Built in 2001
    7 Acres Lot
    $1,480,500 Zestimate®
    $74/sqft
    $-- HOA

    What's special

    Airplane hangarPanoramic views of farmlandSpiral staircaseThoughtfully designed floorplanImported woodwork
    Discover this one-of-a-kind country estate offering the perfect balance of privacy, space, and breathtaking views. The iconic ''Gersch Mansion'' took approximately 3 years to build and has one of a kind, imported woodwork. Each large room was carefully appointed with furniture that is to remain with the home. Nestled on approximately 7 acres, this property is a rare gem featuring 9 oversized bedrooms and 7 full bathrooms, providing ample room for family, guests, or even multi-generational living. Step inside to find a thoughtfully designed floorplan that allows both gathering and privacy. The home features a stunning spiral staircase, a spacious extra room, and two large living areas, creating the ideal setting for entertaining or relaxing. Car enthusiasts and hobbyists will love the 6-car garage and the incredible airplane hangar, offering endless possibilities for storage, projects or aviation use. Outdoors, you'll be captivated by the panoramic views of farmland, a serene backdrop that enhances the peaceful lifestyle this property offers. With abundant space both inside and out, this home is perfectly suited for entertaining large groups, hosting family gatherings, or simply enjoying the quiet beauty of the countryside. The layout is designed to accommodate everyone with ease while still offering private retreats throughout the home. This property truly is a rare opportunity, whether you're seeking a spacious family residence, a retreat-style getaway, or a unique estate with exceptional amenities; this home delivers. Experience the beauty, space, and tranquility that only country living can offer. Approximately 7 acres to be surveyed out of the existing parcel. Acreage is negotiable. The use of this property is very versatile. This property is currently used as an Airbnb/ venue.
    326 days
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    153
    |
    2
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    Zillow last checked:

    Listing updated:

    Listed by:

    Adrian Farris 806-359-4000,

    Keller Williams Realty Amarillo,

    Melanie Scott 806-683-9208

    Source: AMMLS,MLS#: 25-7344MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 7
      • Full bathrooms: 6
      Rooms
      • Room types: Living Areas, In-Law Floorplan, Bonus Room, Dining Room - Formal, Mud Room, Great Room, Office
      Heating
      • Central
      Cooling
      • Central Air, Unit - 3 or More
      Appliances
      • Included: Washer/Dryer, Refrigerator, Double Oven, Dishwasher, Cooktop
      • Laundry: Laundry Room, Hook-Up Electric
      Features
      • Butlers Pantry
      • Number of fireplaces: 1
      Interior area
      • Total structure area: 10,832
      • Total interior livable area: 10,832 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Additional Parking, Garage Faces Rear, Garage Door Opener
      • Attached garage spaces: 6
      Features
      • Levels: Two
      • Pool features: None
      Lot
      • Size: 7 Acres
      Details
      • Parcel number: 060000061000000000000
      • Zoning description: 7000 - All areas in the 7000's

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Wood Frame, Brick Veneer, Brick
      • Foundation: Pillar/Post/Pier
      • Roof: Wood
      Condition
      • New construction: No
      • Year built: 2001

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Panhandle

      Financial & listing details

      • Price per square foot: $74/sqft
      • Tax assessed value: $2,774,540
      • Date on market: 8/20/2025
      • Listing terms: Conventional

        Estimated market value

        $1,480,500

        $1.41M - $1.55M

        $3,170/mo

        Price history

        DateEventPrice
        6/12/2026Contingent$799,000$74/sqft
        Source: AMMLS #25-7344 Report a problem
        5/12/2026Price change$799,000-5.9%$74/sqft
        Source: AMMLS #25-7344 Report a problem
        11/14/2025Price change$849,000-5.6%$78/sqft
        Source: AMMLS #25-7344 Report a problem
        10/15/2025Price change$899,000-25.1%$83/sqft
        Source: AMMLS #25-7344 Report a problem
        8/31/2025Price change$1,200,000-20%$111/sqft
        Source: AMMLS #25-7344 Report a problem
        8/20/2025Listed for sale$1,500,000-74.6%$138/sqft
        Source: AMMLS #25-7344 Report a problem
        12/2/2023Listing removed--
        Source: Owner Report a problem
        10/27/2023Pending sale$5,900,000-14.5%$545/sqft
        Source: AMMLS #23-6736 Report a problem
        10/19/2023Price change$6,900,000-12.7%$637/sqft
        Source: AMMLS #23-6736 Report a problem
        10/5/2023Price change$7,900,000-21%$729/sqft
        Source: AMMLS #23-6754 Report a problem
        9/13/2023Listed for sale$10,000,000$923/sqft
        Source: AMMLS #23-6736 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $1,723,150 +9.7%
        2024-- $1,570,210 -26.7%
        2023-- $2,143,240
        2022-- $2,143,240 -15.8%
        2021-- $2,545,810
        2020-- $2,545,810 +63.2%
        2018-- $1,559,880
        2017-- --
        2016-- --
        2015-- --
        2014-- --
        2012-- $843,220 +6.7%
        2011-- $790,210 -2.6%
        2010-- $810,950 -1%
        2009-- $819,190
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 79068

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Panhandle
        • Middle: Panhandle
        • High: Panhandle

        Source: AMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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