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For sale
  • Price cut: $100K (6/16)
    $3,895,000

    24183 S Us Highway 281, Hico, TX 76457

    4beds
    2,160sqft
    : 
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    Apartment, Farm, Single Family Residence
    Built in 1999
    -- sqft lot
    $-- Zestimate®
    $1,803/sqft
    $-- HOA

    What's special

    Now offered for Sale in Erath County, the Fraze Ranch once know as Home of Freckles Playboy brings functionality with all the amenity's of a working ranch. Designed on 92 acres with some of the best views and trees you'll find is a rare! Currently a show lamb facility but with little effort it will easily convert over to Equine. Equipped with multiple barns, large turnout pens, easy rotation, and set up for a one man show. The home offers todays modern charm and yesterdays uniqueness thru used material from old structures of the past. A full wrap around porch and stunning rock accents for flowerbeds, columns, and landscaping bring in the finishing touch. Thoughtfully designed pool and play area to host family gatherings and to entertain and flow with the type of property it sits on. Darling full bunkhouse, additional MH, and large packaging office. Features of the barns include a 6 stall buck barn, massive 16 stall show barn with split gates, holding barn, and a separate vet lab area. Both barn are set up with heating units and fans throughout, automatic waters, and spray foam insulation. You will appreciate the details of this ranch which shows how well it is maintained and well kept, the improved pasture, and layout. Several directions to go with this property rather it be equine, sheep, or show cattle. The opportunity is endless!
    71 days
    |
    185
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Sissy Herring 254-965-0711,

    TEXAS PROUD REAL ESTATE LLC 254-965-0711

    Source: NTREIS,MLS#: 21265000

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Primary bedroom
      • Features: Walk-In Closet(s)
      • Level: First
      • Dimensions: 14 x 13
      Living room
      • Features: Ceiling Fan(s), Fireplace
      • Level: First
      • Dimensions: 18 x 13
      Heating
      • Central, Electric
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Double Oven, Dishwasher, Disposal, Gas Range, Water Softener, Water Purifier
      • Laundry: Laundry in Utility Room
      Features
      • Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Open Floorplan, Pantry, Vaulted Ceiling(s), Natural Woodwork, Walk-In Closet(s)
      • Flooring: Luxury Vinyl Plank
      • Windows: Bay Window(s)
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Stone, Wood Burning
      Interior area
      • Total interior livable area: 2,160 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Attached Carport, Oversized
      • Carport spaces: 4
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Wrap Around, Covered
      • Exterior features: Playground, Rain Gutters, RV Hookup
      • Pool features: Gunite, Pool
      • Fencing: Cross Fenced,Fenced,Pipe
      Lot
      • Size: 92.81 Acres
      • Features: Acreage, Agricultural, Hardwood Trees, Pasture, Pond on Lot, Many Trees
      Details
      • Additional structures: Bunkhouse, Corral(s), Mobile Home, Outbuilding, Other, Residence, RV/Boat Storage, Shed(s), Storage, Workshop, Barn(s), Stable(s)
      • Parcel number: R000021509
      • Horse amenities: Barn, Hay Storage, Loafing Shed, Stock Pen(s), Tack Room, Wash Rack

      Construction

      Type & style
      • Home type: Apartment
      • Architectural style: Detached,Farmhouse
      • Property subtype: Apartment, Farm, Single Family Residence
      Materials
      • Metal Siding, Rock, Stone, Wood Siding
      • Roof: Metal
      Condition
      • Year built: 1999

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Electricity Available, Overhead Utilities, Septic Available, Underground Utilities, Water Available
      Green energy
      • Energy efficient items: Appliances
      • Water conservation: Water-Smart Landscaping

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: No
      HOA
      • Has HOA: No
      Location
      • Region: Hico

      Financial & listing details

      • Price per square foot: $1,803/sqft
      • Tax assessed value: $2,096,460
      • Date on market: 5/8/2026
      • Cumulative days on market: 71 days
      • Listing terms: Cash,Conventional,1031 Exchange,Federal Land Bank
      • Exclusions: All personal belongings, feeders, portable panels, all creep gates, fuel tanks, cattle chute, sheep working tubs, and all equipment
      • Road surface type: Gravel

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/16/2026Price change$3,895,000-2.5%$1,803/sqft
        Source: NTREIS #21265000 Report a problem
        5/8/2026Listed for sale$3,995,000+402.5%$1,850/sqft
        Source: NTREIS #21265000 Report a problem
        4/9/2018Listing removed$795,000$368/sqft
        Source: SMITH RANCH REALTY #13717124 Report a problem
        3/30/2018Pending sale$795,000$368/sqft
        Source: SMITH RANCH REALTY #13717124 Report a problem
        8/30/2017Price change$795,000-0.6%$368/sqft
        Source: SMITH RANCH REALTY #13478624 Report a problem
        8/29/2017Price change$800,000-8.6%$370/sqft
        Source: SMITH RANCH REALTY #13478624 Report a problem
        3/9/2017Price change$875,000-7.9%$405/sqft
        Source: SMITH RANCH REALTY #13478624 Report a problem
        10/18/2016Listed for sale$950,000$440/sqft
        Source: SMITH RANCH REALTY #13478624 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $2,096,460 +3.4%
        2024$20,093 +19.9%$2,026,740 +5.9%
        2023$16,761 +11.5%$1,913,050 +28.9%
        2022$15,036 +58%$1,483,700 +60.1%
        2021$9,514 +24.3%$926,460 +21.1%
        2020$7,655 +43.4%$764,760 +30.5%
        2019$5,337 +69%$586,050 +32.3%
        2018$3,157 $443,080 +2.3%
        2017$3,157 +6.3%$433,060 +10.3%
        2016$2,970 -3.4%$392,480
        2015$3,076 $392,480
        2014$3,076 --
        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: 76457

        Getting around

        0 / 100
        Car-Dependent
        23 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Central
        • Middle: Gilbert
        • High: Stephenvil
        • District: Stephenville ISD

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

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