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11231 Fm 116, Gatesville, TX, 76528

5beds
2baths
2,715sqft
$710,000
$262price/sqft
$5,064/moest. monthly cost
$202,560/yrincome needed

About This Home

This is a beautiful homestead compound! Three homes for the price of one on 8.817 acres The main home is a beautiful field stone , 4/5 bedrooms, two living areas, a formal dining area, a breakfast nook, and an office/playroom. The whole home has been remodeled. New paint, new flooring, new roof, two new central AC units. Large metal grand entry way with electric gate. The electricity is supplied by a CO-OP, and the water is multi-county. Second home is a 2023 Cavco 1 bed 1 bath with a separate entrance to the property with a grand metal gate. This home is upgraded and has a beautiful front porch overlooking the creek. This home rents out for $800 a month and never stays empty. This home has a septic system built for a 4-bedroom home, so this area could always be upgraded. The third home is a tiny home that needs to be finished. It is plumbed for water, has a septic, and has the electric completed in it. The toilet and other things to finish the home are there, just not put together yet. There is a large, two-stall, 1300 sq ft metal shop with electric and water on a concrete slab. Next to the shop are hookups for a travel trailer with electric and water. Brand new chicken coop built in 2026, which has water at it. Cedar barn is 700sqft and has water at it. There are two irrigation wells on the property. There is an established orchard with pear, peach, apple, plum, and fig trees. Established deer feeding areas with deer blinds. Four-stall pole barn with electricity. A beautiful rock-bottom creek runs across the front of the property. There is abundant wildlife throughout the property, including ATV trails. The view from the top of the mountain is stunning and allows miles of scenery of the valley. Great place to go and be able to see the fireworks from all the surrounding cities.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

4/10
3/10

Construction

Condition

  • Year built: 1986

Materials

  • Roof: Asphalt

Type & Style

  • Home type: Unknown

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Freezer,Microwave,Range / Oven,Refrigerator,Washer

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Tile,Laminate
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced air,Other,Propane / Butane,Wood / Pellet
  • Cooling features: Central,Other

Interior Area

  • Total interior livable area: 2,715 sqft

Property

Details

  • Parcel number: 064485000

Features

  • Exterior features: Stone
  • Has view: Yes
  • View description: Mountain
  • On waterfront: Yes

Lot

  • Lot size: 8.80 Acres

Parking

  • Total spaces: 4
  • Parking features: Carport,Garage - Attached,Garage - Detached

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

  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Lightning
Tornado
Winter Weather
Cold Wave
Hail
Inland Flooding
Wildfire

FEMA Declared Disasters Across Texas Counties

Severe 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 $3,590$43,080
Home Insurance *$675$8,100
Property Taxes $501$6,012
Electricity $298$3,577
Total$5,064$60,768
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$173,622/yr
40% on housing$151,920/yr
45% on housing$135,040/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: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 2.6%
2.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$262This listing

vs Other Active Listings

Avg $/sqft

ZIP 76528$268
Coryell County$183

vs Homes Sold Last Month

Median $/sqft

ZIP 76528$147
Coryell County$144

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

DateEventPrice
2026-06-14Listed for sale$710,000
2026-02-09Listing removed--
2025-10-31Listed for sale$720,000
2024-08-19Listing removed--
2024-05-21Listed for sale$710,000
2010-06-27Listing removed$189,900
2010-03-19Listed for sale$189,900

For Sale by Owner

AgentProperty Owner

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