The former HGTV stars Chip and joanna gaines have officially entered into a contract to transfer ownership of the storied Cottonland Castle in Waco, Texas. The property, which rose to national attention through the 2022 spinoff series Fixer Upper: The Castle is now headed to a new proprietor, though the exact figure of the transaction has not been disclosed.
From abandoned landmark to television star
Built in 1890, the 6,176-square-foot mansion originally sat vacant for decades before changing hands multiple times. Early owners, including the Schwan family in the 1970s, attempted to market the house at values near $1.25 million, yet the structure lingered in disrepair. In 2019, the Gaineses acquired the estate for a listed price of $425,000, embarking on an extensive restoration that blended historic millwork antique tile flooring, and diamond-pane windows with modern comforts.
The renovation culminated in a summer-2022 reveal, showcasing four bedrooms, three and a half spa-like bathrooms and a suite of curated furnishings that reflected the couple’s signature style. The castle’s transformation was chronicled on the Magnolia Network, turning the property into a tourist draw and a backdrop for countless guest tours.
Sale details and listing highlights
In June, Magnolia Realty listed the estate for $2,699,000, positioning it as a “timeless elegance” offering that marries historic grandeur with everyday livability. The listing emphasized that the purchase includes all original décor, accessories, and thoughtfully chosen furniture, ensuring the buyer inherits the fully staged environment. Although the contract has been signed, the final sale price remains confidential.
Key specifications highlighted in the marketing brochure: the home rests on just over three-quarters of an acre, features four spacious bedrooms, and provides 3.5 bathrooms designed for a resort-like experience. The property’s historic significance is underscored by its location in the Castle Heights neighborhood, a district renowned for architectural heritage.
While the castle’s transfer marks the end of one chapter, Magnolia Realty continues to manage two other Waco assets: the Hillcrest Estate, priced at $1.7 million, and the Gristmill, listed for $935,000. Both remain on the market as the company explores new opportunities within the hospitality sector. In a statement released on June 15, Magnolia expressed gratitude for the chance to restore “iconic properties” in the region and hinted that the timing aligns with their strategic shift toward broader hospitality ventures.
The sale, which followed an unsuccessful auction attempt in 2023, demonstrates the resilience of historic homes in a market that rewards careful preservation. As the new owner prepares to take stewardship of the 136-year-old castle the legacy of Chip and Joanna’s hands-on revival will remain a benchmark for future restoration projects across Texas.
