Price of Texas horse ranch drastically reduced

Just 30 minutes from the Dallas Fort-Worth area is the "El Milagro," an avid equestrian's dream home.

After hitting the market at $11 million last year, this operating horse ranch in Hickory Creek, Texas, is now listed at $8,495,000.

READ MORE: Historic barns are being restored in Texas

The main house, built in 2002, boasts almost 8,000 square feet of polished rustic style with custom finishes throughout. It sits on more than 50 acres of land in Denton County.

The seven-bedroom, nine-bathroom house features wrought iron chandeliers, wood paneling and a double-sided stone fireplace that divides the dining area from the expansive family room.

RELATED: Texas billionaire family lists 785-acre ranch

Outside, a covered summer kitchen and patio overlook the stunning acreage and lounging areas around the infinity-edge swimming pool and spa. Fire pits flank the resort-style swim hole, enhancing the lavish country-living atmosphere.

SEE ALSO: Historic barn transported to Texas becomes party place for family ranch

Beyond the outdoor entertaining area is a covered arena, elegant horse stable and duck pond with a deck.

Brenda Moerschell and Angie Nelson with Briggs Freeman Sotheby's International Realty have the listing.