2015 FM 935 Nestled on 101 gorgeous acres in Falls County, just 30 minutes from Waco, this exceptional Thoroughbred breeding facility offers a rare blend of historic charm, professional equine infrastructure, and versatile ranch potential. The centerpiece is an approximately 125-year-old 3, 800 sq ft Victorian home featuring 3 bedrooms, 2 baths, formal dining room, family room, living area, and an oversized upstairs bedroom or bonus room, all set amid towering mature oaks and rolling terrain that deliver breathtaking sunsets. The property is fully equipped for serious horse operations with three barns totaling 21 stalls, one is a 10 stall training barn, a beautiful covered 60' round pen, multiple paddocks for horses to have their own space or large pastures with excellent grazing grass, feed and tack rooms, breeding stocks, water and electricity to all barns, a mare motel with cameras and oversized foaling stalls, an outdoor jumping arena, and hay storage-plus the remnants of a former racetrack that can be restored. Extensive pipe and no-climb fencing enclose multiple pastures, while two ponds, a seasonal creek, dual entrances, and an additional water meter for a second residence enhance both functionality and privacy. An on-site veterinary office adds further professional convenience. With an active agricultural exemption already in place, this turnkey ranch is ideal for continuing as an elite breeding, boarding, or training facility, transitioning to livestock or recreational use, or simply enjoying hunting, fishing, and country living at its finest.