3200 Cattlemens ROW
About This Property
Tucked away at the end of a paved county road, this fully fenced and cross-fenced ranch is well positioned for a private homestead, recreational retreat, working ranch, agricultural use, or long-term investment. With no restrictions, buyers have the freedom to shape the property around their vision.
Existing improvements include a 3-bedroom, 2-bath home with approximately 1,988 square feet per CAD, along with multiple outbuildings including a barn, workshop, and additional storage structures. The residence is in need of updating and improvement, creating an opportunity for the next owner to renovate, repurpose, or reimagine the property to suit their needs.
A private water well and septic system are already in place, and an existing agricultural valuation helps reduce the property tax burden. Active oil production is located on the property and is subject to an existing easement. The seller owns partial mineral rights, which are negotiable and may convey with an acceptable offer-adding another unique dimension to this offering.
Enjoy wide-open Texas land and exceptional privacy while remaining convenient to Lockhart, Austin, Bastrop, and San Marcos. Large, unrestricted acreage with existing infrastructure, mineral interest potential, and seller financing at 4.5% for qualified buyers is increasingly hard to find.
Contact Listing Agent 2, Sydney, for additional information regarding seller financing, oil production, easements, and mineral interests.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2026 | Listed by Compass RE Texas, LLC | $625,000 | |
| Listed by Compass RE Texas, LLC | |||
| Aug 7, 2026 | In contract | - | |
| In contract | |||
| Jul 2, 2026 | Price Decreased |
$625,000
↓ $74K
(10.6%) | |
| Price Decreased | |||
| May 13, 2026 | Price Decreased |
$699,000
↓ $26K
(3.6%) | |
| Price Decreased | |||
| Apr 13, 2026 | Listed by Keller Williams Realty | $725,000 | |
| Listed by Keller Williams Realty | |||
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A rare opportunity to own 50 acres of wide-open Texas land just minutes from Lockhart. Tucked away at the end of a quiet paved county road, this expansive property offers the kind of privacy, space, and freedom that’s becoming increasingly hard to find. Held by the same family for years, it carries a sense of history while presenting endless potential for what comes next. At the heart of the property sits a 1965-built home offering approximately 1,988 square feet, with a flexible layout that includes three bedrooms, two bathrooms, multiple living areas, a dedicated office, and a dining space. While the home is ready for updates, it provides a solid foundation with a durable metal roof, oversized carport, and a large covered patio overlooking the surrounding land. Beyond the home, the acreage is where this property truly shines. Fully fenced with additional cross-fencing, the land is well-suited for a variety of uses—from ranching and recreation to future development or a private estate. Existing improvements include multiple outbuildings, a barn, and workshop space, giving you a head start on whatever vision you have in mind. With no known deed restrictions, you have the flexibility to create something truly your own—whether that’s a working ranch, weekend retreat, or long-term investment. An agricultural valuation is already in place, helping to maintain low property taxes. There is active oil production on the property; however, mineral rights do not convey. Located just approximately 8 miles from Lockhart, you’ll enjoy the balance of peaceful country living with convenient access to town. This is more than land—it’s a blank canvas with the scale, infrastructure, and location to bring your vision to life.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017