Chip & Joanna Gaines Have Taken The Next Step To Royalty By Purchasing A Historic Castle

Chip and Joanna Gaines at the races.
Jared C. Tilton / Getty Images

Chip and Joanna Gaines are considered royalty within the home improvement business, and now they have the digs to prove it. They have just purchased a 129-year-old castle in Waco, Texas, and as you may have guessed, it’s a definite fixer-upper.

The HGTV stars had reportedly been eying this 6,700-square-foot property for some time now, even making several attempts to buy it from the current owner. The Cottonland Castle is located in the Castle Heights neighborhood. According to the sign that sits in the front yard, the stone building was built in 1890 by John Tennant, and has had many owners since then. It has sat vacant for 20 years now, and is quite run down, as seen in photos provided by The Daily Mail.

Magnolia Realty spokesman, John Marsicano, confirmed in a statement that Chip and Joanna Gaines are the proud new owners of the historic castle. He also explained that they do have definite plans to renovate.

“The property is an iconic piece of Waco’s history and while specific plans have not yet been determined, one thing is for certain: their efforts will focus on fully completing the home’s long overdue and well deserved restoration.”

The listing was set at $425,000, but there has not been an official confirmation on exactly how much the final sale was. The three-story building has a total of eight fireplaces, a library, and a sun room where you can view the swimming pool and cabana. The Honduran mahogany woodwork captures the beauty on the inside, as does the pink granite fireplace.

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Of course, it wouldn’t be a true castle if it didn’t have a tower and servant quarters. The interesting diamond-shaped windows in the tower add to the unique quality of the castle. The basement right under the tower also has a wine cellar. The property has a stone wall surrounding it. It will be interesting to see how — and when — the Fixer Upper stars will go about their renovation process. It’s a lot of work, but they are up to the challenge.

It seems that Chip and Joanna Gaines are building an empire of projects. They are also opening up a brand new coffee shop in March, according to a previous report by The Inquisitr.

With raising a family of five in addition to all of their various projects they have going on, life has become quite busy for Chip and Joanna Gaines. Stay tuned to see what these newly-minted real estate royals will do with their new investment.