5501 Old Colony Line Rd
Lockhart, TX, 78644 $ 6,346,000
Baths0.0 Monthly Estimate*
$ 40,069
Studio for $6,346,000. The lot size is 167.
Positioned in a desirable Caldwell County corridor with strong regional connectivity and meaningful scale, this 167 +/- acre offering presents an exceptional opportunity for developers, investors, land bankers, or buyers seeking a property with both immediate utility and long-term upside. Combining county road frontage with multiple access points, existing infrastructure, improvements, water features, and agricultural valuation, the property offers flexibility across a wide range of future development and investment strategies. Access is established through a private gated entrance and supported by multiple entry locations along county road frontage, creating optionality for future planning, phased development, subdivision concepts, or continued ranch ownership. The property benefits from existing utility infrastructure including water service through Martindale Water Supply Corporation with water line and meter already in place, along with onsite power serviced by Bluebonnet Electric Cooperative. The landscape offers a balanced mix of open grazing areas, mature hardwoods, native brush, and tall grasses that create both visual appeal and practical usability. A large approximately 2-acre pond, along with multiple additional ponds throughout the property, enhances aesthetics, livestock functionality, and long-term recreational value while contributing to attractive homesite placement opportunities across the ranch. Existing improvements add immediate functionality and reduce the effort required to begin using or planning the property. A rustic-style residence with covered outdoor living areas provides a comfortable ranch headquarters or interim occupancy, while the accompanying barn-style structure offers flexible utility for equipment storage, workshop space, operational use, or adaptive future conversion. Additional livestock improvements support current agricultural operations and reinforce the property's cattle-ready status. Currently benefiting from agricultural exemption for extremely low annual carrying costs, the ranch offers an attractive holding profile while preserving future flexibility. Abundant wildlife, numerous potential homesites, existing infrastructure, and strategic location position this property as a compelling opportunity for investment, development consideration, recreational ownership, or long-term land appreciation. Conveniently located approximately 8 +/- miles from Lockhart and Highway 183, 25 +/- miles from San Marcos, and within approximately 55 +/- miles of both Austin and San Antonio, this property sits within reach of some of Central Texas strongest continuing growth markets. 167 +/- Acres in Caldwell County Developer or subdivision / investment potential County road frontage with multiple entry points Private gated entrance driveway Water line and meter in place serviced by Martindale WSC Power onsite serviced by Bluebonnet Electric Coop Ag exempt for extremely low annual tax rates Large 2 acre pond Multiple ponds House Barndo Livestock barn Large oak trees and brush with tall grasses Cattle ready Wildlife abundant Numerous homesite potential 8 +/- miles from Lockhart and HWY 183 25 +/- miles from San Marcos 55 +/- miles from Austin & San Antonio
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FeaturesGeneralWater Small Tanks
Sewer Other
Half Baths 0
Bathrooms 0
Class Farm Ranch
Type Farm/Ranch
Road Frontage County
Utilities On Site Other
Utilities Available Electricity Water
Status New
Area 3100
Year Built U
High School Call District
School District LOCKHART ISD
Proposed Terms Cash Conventional
Elementary School Call District
Middle School Call District
Legal Description A193 Mcculloch Benjamin Acres 157.7164
Taxes 0
Restrictions Call Broker
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InteriorTotal Bedrooms 0
Full Baths 0
Other No
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ExteriorShallow Water Other
Mineral Rights Negotiable
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* Excluded FeaturesList ByGaines SladeListing Agent
Coldwell Banker D'ann HarperBroker
gaines.slade@cbharper.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $40,069
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyFarm listings in Lockhart, TX
Average List Price $3,938,918
Percent of Sale Price 38%
About Lockhart, TX 14,750 Population
28% Since 2002
$ 51,639 Median Income
36.25 Median Age
36% Households with Children
Trends Information provided by ATTOM Data Solutions.
1097703 Elementary School
1097705 Middle School
Call District High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/11/2026 | $6,346,000 | | Listed Price |