Chip and Joanna Gaines buy Cottonland Castle in Texas

The 129-year-old Cottonland Castle in Waco was up for grabs for only $425,000, minus the renovation costs, of course. (Photo: KCEN)
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WACO, Texas (WTHR) – HGTV's Chip and Joanna Gaines have an interesting new property to add to their list of remodels.

The "Fixer Upper" stars just bought the Cottonland Castle in Waco, Texas on Friday.

The 129-year-old castle, built in built in 1890, was listed at $425,000. The castle is 6,700-square feet and holds three bedrooms, two and a half bathrooms and a whole lot of history.

The historic building was placed back on the market after it was purchased in 2014. The previous owner made many renovations but more are needed, according to the property listing.

A spokesperson for Magnolia Realty released this statement:

“I can confirm that Magnolia has purchased the historic Cottonland Castle. For nearly two decades, Chip and Joanna have admired the property as a hallmark of the Castle Heights neighborhood—they’ve even made past attempts to purchase it. 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.”

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