$4,000,000
$500K PRICE DROP

1592 Fm 67 Covington, TX 76636

Estimated payment $23,200/month

Total Views 10,303
3 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Hot Property
  • Waterfront
  • 1 Lake
  • Stables
  • Pond
  • 2 Stock Tanks or Ponds

About This Home

Welcome to Covington Oaks Farm: a premier 240-acre estate nestled just south of Fort Worth and north of Waco. Meticulously developed over the past 20+ years, this exceptional property has been a true labor of love. With sandy loam soil and lush coastal Bermuda grass, its ideally suited for livestock and equestrian pursuits. The fertile pastures produce high-quality hay, yielding over 1,500 bales last season alone.

Accessed via a state-maintained asphalt road and conveniently located near I-35W, the farm offers privacy without sacrificing accessibility. At its heart is a stunning 3,302 sq ft custom home, built in 2020 and thoughtfully positioned to capture panoramic views of the surrounding landscape including a horse barn, paddocks, tranquil water features, and unforgettable sunrises and sunsets, all enjoyed from the wraparound porch.
Inspired by the elegance of Kentucky horse farms, the property features white vinyl-clad wood fencing surrounding the home and equestrian facilities. The insulated horse barn includes five stalls, a tack room, horse stock, half bath, and a covered porch overlooking four rounded-corner paddocks and a round pen all designed with horse safety and comfort in mind.

Water features are plentiful, including a 9-acre Corps of Engineers Lake at the edge of the property and a stocked 2+ acre pond with a covered dock perfect for peaceful fishing days at home.
Inside, the home boasts 10-foot ceilings throughout, creating a light and open atmosphere. The kitchen is equipped with top-tier appliances, including a Jenn-Air dual oven with a six-burner gas range and griddle, a Chameleon double farm sink, quartzite countertops, and a butcher block island. Adjacent to the kitchen is a spacious coffee bar area, additional refrigerator space, and a Butlers pantry with built-in shelving perfect for appliances and pantry needs.
The primary suite is a true retreat, offering abundant space for relaxation and customization. The en-suite bathroom is equally impressive, featuring a chandelier, double shower heads in a walk-in shower, Jacuzzi tub, dual vanities, and an expansive open-concept closet.
A separate drive leads to a 2,800 sq ft equipment barn, offering ample space for machinery and storage.

Covington Oaks Farm is a rare opportunity to own a turnkey, luxury estate with both functionality and beauty an ideal blend for those seeking the best in rural living. ** Aerial video attached & 3D video attached**
Seller will consider subdividing. Call for more information.

Listing Agent

Kelly Jones

Fathom Realty, LLC License #0536744 Listed on: 04/28/2025

Fathom Realty, LLC
Listing Provided By

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,787

Lot Details

  • Waterfront
  • Fishing include bass
  • Rural Setting
  • Split Rail Fence
  • Vinyl Fence
  • Wood Fence
  • Barbed Wire
  • Current uses include agriculture, equine, residential single
  • Potential uses include agriculture, commercial, equine, exotics, grazing, residential single, sheep/goats, homestead
  • Soil Types include Sandy Loam

Parking

  • Automatic Gate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Pond
  • 1 Lake

Farming

  • Electricity in Barn
  • Equipment Barn
  • 2 Stock Tanks or Ponds
  • Loafing Shed
  • Fenced For Cattle
  • Fenced For Horses

Horse Facilities and Amenities

  • Wash Rack
  • Horses Allowed On Property
  • Tack Room
  • Water to Barn
  • Stables

Utilities

  • Co-Op Water
  • Septic Tank

Additional Features

  • Water Views
  • Outside City Limits

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,787

Lot Details

0

Listing Details

  • Bedrooms: Beds: 3
  • BathsCombined: 2
  • Office Phone: 254-556-4516
  • Listing Website: https://www.land.com/property/1592-fm-67-covington-texas-76636/23347699/
  • Property Type: Residential
  • Property Sub-Type: Single-family Detached
  • Offered By: LandNetwork
  • Outside Features: Fenced for Cattle, Fenced for Horses
  • Potential Use: Agriculture, Commercial, Equine, Exotics, Grazing, Residential Single, Sheep/Goats, Homestead
  • Number of Lakes: 1
  • Number of Stock Tanks: 2-5
  • Number of Ponds: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No
  • Full Bathrooms: 2

Exterior Features

  • Pond: True
  • Waterfront: True
  • Road Description: All Weather Road, Asphalt, Outside City Limits, FM Road
  • Fencing: Automatic Gate, Barbed Wire, Rail, Vinyl, Wood

Lot Info

  • Current Use: Agriculture, Equine, Residential Single
  • Barn Description: Electric to Barn, Equipment Barn, Loaf Shed(s), Stable(s), Tack Room, Wash Rack, Water to Barn
  • Lot Description: Acreage, Horses Permitted, Tank/Pond, Water/Lake View, Rural
  • Soil Type: Sandy Loam
  • Fish: Bass

Multi Family

  • Utilities Available: Co-op Water, Septic

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,787 $2,261,592 $0 $0
2023 $8,824 $664,972 $0 $0
2022 $9,971 $613,072 $0 $0
2021 $10,231 $0 $0 $0
2020 $1,640 $0 $0 $0
2019 $1,718 $0 $0 $0
2018 $1,525 $0 $0 $0
2017 $1,551 $0 $0 $0
2016 $1,470 $0 $0 $0
2015 -- $441,460 $393,730 $47,730
2014 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2025 07/27/25 For Sale $2,800,000 +133.3% $848 / Sq Ft
07/27/2025 07/27/25 For Sale $1,200,000 -70.0% --
07/23/2025 07/23/25 Price Changed $4,000,000 -11.1% --
05/02/2025 05/02/25 For Sale $4,500,000 -- --