Discover a rare opportunity to own a piece of South Austin history on Appaloosa Run - a sprawling 27+/- acre property that perfectly blends rich heritage with incredible development potential. Once part of the original Koenig Ranch established in 1921, this land carries the spirit of the Texas pioneer days while offering all the modern advantages of city water and unrestricted use. The gently rolling terrain makes for an ideal canvas to bring your vision to life, whether you imagine a residential community, a private estate, or a boutique development that honors the property's historic roots. Scattered across the acreage, you'll find majestic heritage oak trees, long-distance Hill Country views, and multiple picturesque old barns that tell stories of generations past. Adding to the property's timeless charm is a 1870-built farmhouse, accompanied by a quaint guest house - both of which could be thoughtfully incorporated into your future plans as a sales office, community center, or centerpiece of a heritage-inspired project. Located a short drive from downtown Austin with quick access to FM 1826 and SH 45, this is one of the last large remaining tracts in the area - a truly exceptional setting that combines convenience, history, and natural beauty. An additional 3 acres is also available adjacent to the property, allowing even greater flexibility and scale for your vision. With its storied past, easy build sites, and unmatched location, this property offers a once-in-a-lifetime chance to shape the next chapter of South Austin's landscape.