Chip and Joanna Gaines Bought a Castle, and They Might Fix It up on TV

It’s no secret that Chip and Joanna Gaines are HGTV’s King and Queen of Home Renovation. And, now, they have solidified their status with their latest property purchase. The Magnolia moguls recently purchase a castle in Waco, Texas — yes, a full-blown castle — for a new fixer-upper project. And, get this: They might film the royal renovation for television.

Chip and Joanna Gaines’ castle

Chip and Joanna Gaines
Chip and Joanna Gaines purchased the historic castle in February. | Nathan Congleton/NBC/NBCU Photo Bank via Getty Images

In February, Chip and Joanna Gaines closed on another Waco landmark. Known as Cottonland Castle, the iconic Castle Heights neighborhood abode is about to get a Magnolia touch. “I can confirm that Magnolia has purchased the historic Cottonland Castle,” said Magnolia spokesman John Marsicano to the Waco Tribune-Herald. “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,” he added. “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.”

Here’s what we know about Chip and Joanna Gaines’ castle fixer-upper.

It’s over 100 years old

Cottonland Castle might not be the oldest castle in the world, but the 6,700 square foot stone building is rich in history. According to the Waco Tribune-Herald, Chip and Joanna Gaines’ new digs is 129 years old. Construction on the castle allegedly began in 1890 and was finished in 1913. Originally, it served as a home for businessman Alfred Abeel, but today it is a historic landmark and the inspiration behind the Castle Heights’ (a neighborhood in Waco) name.

It’s been vacant for 20 years

Chip and Joanna Gaines aren’t the first with dreams of renovating the historic fortress. Despite being vacant for 20 years, several attempts have been made to restore it back to its original beauty. Most recently, Oxford University classicist, Dirk Obbink (who sold it to Chip and Joanna), had dreams of fixing it up. However, since the castle is a bit of a disaster, he felt someone with deeper pockets might be a better fit for ownership. “Dr. Obbink decided that, considering this project’s scale and size, he did not have the budget to follow through with it,” Tom Lupfer Jr., Obbink’s contractor told Waco Tribune-Herald.

Obbink lives in England but has held lectures at Waco’s Baylor University, where Chip and Joanna Gaines went to college. It’s unclear whether he had plans to make the castle his Waco home.

It could cost Chip and Joanna Gaines $1 million to renovate

According to Lupfer, the renovation project comes with a steep price tag. And, it might end up costing Chip and Joanna Gaines between $600,000 and $1 million to fix it up. Lupfer says the end cost all depends on whether or not they decide to include a new kitchen and dining area, which, knowing Joanna Gaines, is likely a must.

They might film the renovation for television

Chip and Joanna Gaines are headed back to TV. The former Fixer Upper stars have an exclusive partnership with Discovery and plan to create their own network and direct-to-consumer streaming platform. And, Lupfer believes this project might be used in a new series. “They may do the castle themselves for their new TV program, flip it, or create a bed and breakfast. There are many variables,” he explained. Apparently, on-lookers and local journalists have already spotted camera crews on the property.

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