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501 Grimes Rd, Mineral Wells, TX, 76067

5beds
7baths
6,114sqft
$6,500,000
$1,063price/sqft
$53,115/moest. monthly cost
$2,124,600/yrincome needed

About This Home

Nestled in the rolling hills of Mineral Wells, this remarkable 69± acre estate combines refined luxury with the serenity of wide-open Texas ranch land. At its center stands a custom 6,114± square-foot residence, thoughtfully designed with five bedrooms, five full bathrooms, and two half-baths. Every detail has been carefully curated, blending rustic elegance with modern convenience. Inside, you’ll find expansive living spaces anchored by a dramatic rock fireplace and soaring wood-beamed ceilings. The chef’s kitchen is a true showpiece, featuring premium appliances, dual dishwashers, a spacious pantry, and a functional layout designed for both entertaining and everyday living. You'll love the butler's pantry that provides additional storage. A wall of windows brings the outdoors in, connecting seamlessly to the back patio and sparkling pool, where sweeping views of the surrounding countryside set the stage for unforgettable gatherings. The master suite is a private retreat, complete with its own stone fireplace, spa-inspired bathroom, and an oversized closet with custom finishes. Additional bedrooms are equally well-appointed, offering comfort and privacy for family and guests alike. Beyond the home, the ranch is built for both leisure and function. Rolling pastures, mature trees, and ample space provide endless opportunities for recreation, livestock, or hay production. There is a seasonal creek that run through the property. The property also features a 125' x 250' covered arena-perfect for any discipline, an 18-stall horse barn, and a Priefert walker, making it ideally suited for any equine needs. This estate offers a rare combination of luxury, seclusion, and versatility—just minutes from Mineral Wells and within easy reach of the DFW Metroplex. This house is a rare find! It was recently featured in the Cowgirl Magazine!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

--
Perrin Elementary SchoolGrades PK-69.5 mi
6/10
Perrin High SchoolGrades 7-129.5 mi

Construction

Condition

  • Year built: 2019

Materials

  • Foundation: Slab
  • Roof: Composition

Type & Style

  • Home type: SingleFamily
  • Architectural style: Farmhouse
  • Property subType: Farm,Single Family Residence

Interior

Appliances

  • Appliances included: Double Oven,Dishwasher,Disposal,Microwave,Range,Refrigerator,Some Commercial Grade,Vented Exhaust Fan,Warming Drawer,Wine Cooler
  • Laundry features: Laundry in Utility Room

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 7
  • Full bathrooms: 5
  • 1/2 bathrooms: 2

Features

  • Wet Bar,Built-in Features,Chandelier,Cathedral Ceiling(s),Dry Bar,Decorative/Designer Lighting Fixtures,Double Vanity,Eat-in Kitchen,Granite Counters,High Speed Internet,Kitchen Island,Loft,Open Floorplan,Pantry,Vaulted Ceiling(s),Natural Woodwork,Walk-In Closet(s)
  • Number of fireplaces: 3
  • Fireplace features: Living Room,Primary Bedroom,Outside
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 6,114 sqft

Living Room

  • Level: First
  • Dimensions: 0 x 0

Master Bedroom

  • Level: First
  • Dimensions: 0 x 0

Property

Details

  • Parcel number: R000058620
  • Attached to another structure: Yes
  • Horse amenities: Arena,Barn,Indoor Arena,Stock Pen(s),Stable(s),Tack Room,Wash Rack

Features

  • Levels: One
  • Stories: 1
  • Pool features: In Ground,Pool,Waterfall
  • Horses can be raised: Yes

Lot

  • Lot size: 69.89 Acres

Parking

  • Total spaces: 5
  • Parking features: Additional Parking,Circular Driveway,Garage,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 5
  • Has uncovered spaces: Yes
  • Carport: Yes
  • Carport spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Wildfire
    WildfireRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Wildfire
Hail
Heat Wave
Inland Flooding
Lightning
Winter Weather

FEMA Declared Disasters Across Texas Counties

Fire
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $32,867$394,404
Home Insurance *$8,571$102,852
Property Taxes $11,006$132,072
Electricity $671$8,056
Total$53,115$637,380
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,821,085/yr
40% on housing$1,593,450/yr
45% on housing$1,416,400/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.3%
5.3%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,063This listing

vs Other Active Listings

Avg $/sqft

ZIP 76067$152
Parker County$251

vs Homes Sold Last Month

Median $/sqft

ZIP 76067$130
Parker County$210

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-17Price change$6,500,000
2025-10-08Listed for sale$6,700,000
2024-09-30Listing removed$6,900,000
2024-06-05Listed for sale$6,900,000
2024-06-03Listing removed--
2023-06-02Listed for sale$7,000,000

For Sale by Agent

AgentLane Cooper
BrokerageKeller Williams Heritage West

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