Luxury horse property and working cattle ranch for sale near Lipan, Texas: 69+or- acres in southern Hood County with a 2021 modern farmhouse, a second home, five ponds, and four water wells, about an hour from Fort Worth. Gated and private, yet 25 miles to Granbury and Stephenville, 36 to Weatherford, 65 to Fort Worth, and under 100 to Dallas. The 6,106+or- sq ft main residence offers 5 bedrooms, 5 full and 2 half baths, vaulted ceilings, custom built-ins, a dedicated office, two gas fireplaces, and Control4 smart-home technology. The chef's kitchen is built for entertaining with a large island, butler's pantry, walk-in pantry, and wet bar. Step outside to a heated pool and spa, outdoor kitchen, covered patios, and an outdoor shower, all overlooking rolling pasture and water. A 1,300+or- sq ft second home (3 bed, 1 bath, screened porch) works as a guest house, ranch manager's quarters, or rental income. Ranch-ready from day one: fully cross-fenced productive pastures, barn with attached pens, storage buildings, and cattle infrastructure that conveys with the sale. The open layout leaves room for a covered arena, round pen, expanded barn, or training facility for performance horses, pleasure riding, or cattle. Whole-home Generac generator, electric gated entrance, camera security system, and attached four-car garage. A rare North Texas equestrian estate for buyers seeking a turnkey country retreat, horse or cattle operation, or long-term land investment within reach of the DFW Metroplex.