7111 Fm 2339, Murchison, TX, 75778
About This Home
The Pegasus Horse Farm is one of the most immaculate and beautiful equestrian farms in North Texas. This remarkable farm presents a rare opportunity to acquire a turnkey equestrian facility set on sandy loam soil – ideal for horses. The property has served as home to The Pegasus Project, a nonprofit organization dedicated to the rescue, rehabilitation, and rehoming of horses. The ranch features multiple barns totaling 11 stalls, a 100’ x200’ covered arena, a 60’ covered round pen, a horse walker, and numerous paddocks with 14 run-in sheds. Additional improvements include equipment and storage barns, fertile hay meadows and wooded pastures, ponds, Electrobraid fencing, and even a 2,400’ grass airstrip with a 60’ x 48’ metal hangar. Water source is a high-producing private well near the arena, supplying the entire property. There are two ponds-one within the owner’s compound, which is fed by a spring, another in the northeast corner of the property.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2011
Materials
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Other,Detached,Farmhouse
- Property subType: Farm,Single Family Residence
Interior
Appliances
- Appliances included: Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- Decorative/Designer Lighting Fixtures,Eat-in Kitchen,Open Floorplan,Cable TV
- Window features: Window Coverings
Heating & Cooling
- Heating features: Electric
- Cooling features: Ceiling Fan(s),Electric
Interior Area
- Total interior livable area: 640 sqft
Living Room
- Level: First
- Dimensions: 0 x 0
Master Bedroom
- Level: First
- Dimensions: 0 x 0
Property
Details
- Parcel number: R000033442
- Horse amenities: Arena,Barn,Hay Storage,Indoor Arena,Round Pen,Stable(s),Tack Room
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Front Porch,Covered
- Exterior features: Fire Pit
- Fencing: Cross Fenced,Electric
- Residential vegetation: Partially Wooded,Natural State
- Horses can be raised: Yes
Lot
- Lot size: 96.13 Acres
- Features: Acreage,Pond on Lot,Rolling Slope
Parking
- Total spaces: 1
- Parking features: Additional Parking,Workshop in Garage
- Covered spaces: 1
- Carport: Yes
- Carport spaces: 1
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
- Cold Wave
- Lightning
- Strong Wind
- Tornado
- Hail
- Heat Wave
- Inland Flooding
- Ice Storm
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,604 | $139,248 |
| Home Insurance * | $1,695 | $20,340 |
| Property Taxes | $1,606 | $19,272 |
| Electricity | $238 | $2,859 |
| Total | $15,143 | $181,716 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-08 | Price change | $2,295,000 |
| 2025-10-30 | Listed for sale | $2,495,000 |
For Sale by Agent
View on Zillow