Updated

Chip and Joanna Gaines’ may now be considered Waco royalty with their most recent fixer-upper purchase: Cottonland Castle.

The Texas couple made famous by HGTV’s “Fixer Upper” home improvement show closed last week on the historic, but rundown castle located in Waco’s Castle Heights neighborhood.

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Spokesman John Marsicano says the couple has not yet determined specific plans for the property but that they plan to complete the castle's restoration. (HGTV)

A spokesman for the Gaines' business, Magnolia, says the couple has long admired the striking piece of real estate and made previous attempts to purchase it. Though it was not reported why they were unable to made the purchase at that time.

The Waco Tribune-Herald reports that the castle was listed at $425,000, though the sale price has not been disclosed.

Spokesman John Marsicano says the couple has not yet determined specific plans for the property but that they plan to complete the castle's restoration.

Construction on the 6,700-square-foot stone castle first began in 1890 and was completed in 1913. It has been vacant for about 20 years despite multiple efforts to renovate it.

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This royal purchase comes on the heels of the couple’s announcement last week that they would be starting a coffee shop in the heart of their Magnolia empire.

The Associated Press contributed to this report.