9940 Cole Rd, Pilot point, TX, 76258
About This Home
A turnkey equestrian property offered as either 27 acres, 18+- acres with residences and improvements, or 9+- acres of pasture overlooking a pond. See the map attached in the document section of this page. This property presents a rare opportunity to purchase a turnkey equestrian boarding and training facility with income producing potential. The ranch features four barns with a total of sixty-five available stalls, indoor and outdoor arenas, equipment-storage barns, cattle chutes, turnouts, wooded pastures, pipe fencing, and six residences including a main house with swimming pool. The surrounding area is internationally renowned for training and breeding horse farms. There are numerous vets, farriers, and trainers in the immediate area for a variety of styles including cutting, reigning, reigning cow, hunter-jumper, dressage, polo, team roping, halter, thoroughbred, western pleasure, or barrel racing to name a few. The main house was originally built in 1981 as a club house for the ranch and overlooks a swimming pool and patio and cabana area for entertaining. Other residences on the ranch include two apartments within the main barn, and an attached cabin measuring roughly 1,300 sf. A mobile home and double wide, located near the north entrance of the property, are ideal for staff housing or for rentals.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1981
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch,Detached,Farmhouse
- Property subType: Farm,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Gas Cooktop
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Built-in Features,Decorative/Designer Lighting Fixtures,Granite Counters
- Flooring: Tile
- Number of fireplaces: 1
- Fireplace features: Den,Raised Hearth
- Fireplace: Yes
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 2,578 sqft
Living Room
- Level: First
- Dimensions: 0 x 0
Master Bedroom
- Features: Walk-In Closet(s)
- Level: First
- Dimensions: 0 x 0
Property
Details
- Parcel number: R732085
- Horse amenities: Barn,Indoor Arena,Round Pen,Arena
Features
- Levels: One
- Stories: 1
- Pool features: Fenced,In Ground,Outdoor Pool,Pool
- Has spa: Yes
- Spa features: Hot Tub
- Fencing: Pipe
- Horses can be raised: Yes
Lot
- Lot size: 27.09 Acres
- Features: Acreage,Agricultural
Parking
- Total spaces: 3
- Parking features: Concrete,Carport
- Covered spaces: 3
- Carport: Yes
- Carport spaces: 3
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
- Hail
- Tornado
- Cold Wave
- Heat Wave
- Inland Flooding
- Ice Storm
- Wildfire
- 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 | $22,506 | $270,072 |
| Home Insurance * | $4,908 | $58,896 |
| Property Taxes | $5,415 | $64,980 |
| Electricity | $283 | $3,396 |
| Total | $33,112 | $397,344 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-27 | Price change | $4,450,950 |
| 2026-01-16 | Listed for sale | $4,945,500 |
| 2025-12-02 | Listing removed | $4,945,500 |
| 2025-10-16 | Price change | $4,945,500 |
| 2025-09-02 | Listed for sale | $5,495,000 |
| 2024-06-25 | Listing removed | $4,449,000 |
| 2024-04-15 | Listed for sale | $4,449,000 |
| 2024-03-24 | Listing removed | -- |
| 2024-02-28 | Listed for sale | $4,449,000 |
| 2024-02-27 | Listing removed | -- |
| 2024-01-28 | Price change | $4,449,000 |
| 2023-12-07 | Listed for sale | $4,850,000 |
| 2018-08-09 | Listing removed | $1,850 |
| 2018-07-18 | Listed for rent | $1,850 |
| 2017-10-09 | Listing removed | $1,500 |
| 2017-09-19 | Price change | $1,500 |
| 2017-08-17 | Listed for rent | $1,800 |
For Sale by Agent
View on Zillow