A rare opportunity to own 98-plus acres in the fast-growing area just north of San Antonio and Stone Oak, combining a turnkey equestrian operation, income-producing potential, extensive infrastructure, and the freedom of unrestricted land. Ideally positioned at the gateway to the Texas Hill Country, with convenient access to multiple highways, this property sits outside city limits with no HOA and an agricultural exemption. Even more compelling, at least 16 new residential communities are being developed. This brings continued growth, visibility, and an expanding customer base to the surrounding area. Currently home to a well-established boarding and training business operating since 2016, the property can accommodate approximately 40 horses with room to expand toward 60. Equestrian improvements include a 4,000 sq ft barn with tack, feed, wash, and bathroom facilities; 11 pipe-fenced horse pastures with expansion potential to 22; regulation-size grass dressage arena; barrel/pole arena; grass training areas with jumps; half-mile gallop path; round pen; riding trails; open training grounds; wash areas; hot walker; and extensive cross-fencing. This is not land waiting to become an equestrian property; it is an established operation ready to use and grow. Infrastructure is equally remarkable: five wells, five septic systems, power established at both the front and back of the property, cable, a large hay barn/workshop with three vehicle bays, carports, an RV cover with power and sewer hookups, storage buildings, and a gated entrance. Multiple structures include a two-bedroom ranch house, an inviting three-bedroom home, two cabins, an office trailer, and multiple storage buildings. An existing three-acre lease at the back of the property provides an additional immediate income stream, further demonstrating the property's potential for multiple revenue sources. The property is designed for work and enjoyment. An in-ground pool, outdoor pavilion with men's and women's restrooms, gathering spaces, approximately three-acre pond, and Cibolo Creek frontage create a distinctive Hill Country setting for entertaining, clinics, events, retreats, and recreation. Perhaps the greatest value is flexibility: continue and expand the existing equestrian business, create a private horse estate, develop a training or breeding facility, explore hospitality or retreat uses, generate multiple income streams, or create something new in the fastest-growing corridor in South Texas. Nearby destinations, including Tejas Rodeo, Specht's Store, and Downtown Bulverde, add to the property's appeal and traffic. Properties of this size this close to San Antonio are increasingly difficult to find, especially with this level of water, utilities, improvements, and infrastructure in place with development. This is more than a ranch or horse property; it is a platform for the next owner's vision.
For sale
$4,400,000
285 OBST RD, Bulverde, TX 78163
3beds
1,846sqft
Farm
Built in ----
98.29 Acres Lot
$4,102,500 Zestimate®
$2,384/sqft
$-- HOA
What's special
Regulation-size grass dressage arenaStorage buildingsFive wellsOffice trailerGathering spacesOpen training groundsWash areas
- 16 days
- 247
- 15
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Bradley Graves TREC #554579 (210) 379-8165,
Coldwell Banker D'Ann Harper, REALTOR
Source: LERA MLS,MLS#: 2008436
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Area: 225
- Dimensions: 15 x 15
Bedroom 2
- Area: 150
- Dimensions: 15 x 10
Bedroom 3
- Area: 150
- Dimensions: 15 x 10
Primary bathroom
- Area: 80
- Dimensions: 10 x 8
Kitchen
- Area: 195
- Dimensions: 15 x 13
Living room
- Area: 247
- Dimensions: 19 x 13
Interior area
- Total interior livable area: 1,846 sqft
Video & virtual tour
Property
Features
- Stories: 1
- Exterior features: Lighting, Irrigation System
- Has private pool: Yes
- Pool features: Outdoor Pool
- Fencing: Fenced
- Waterfront features: Wet Weather Creek
Lot
- Size: 98.29 Acres
- Features: Pasture, Cleared, Hunting Permitted, Agricultural
- Topography: Level
- Residential vegetation: Mature Trees (ext feat)
Details
- Additional structures: Additional Structures, Barn(s), Detached Quarters, Hay Barn, Holding Pen, Storage, Mobile Home, Residence, Outbuilding
- Parcel number: 780973004001
- Horses can be raised: Yes
- Horse amenities: Horse Stalls
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Farm
Materials
- Frame, Siding
Utilities & green energy
- Electric: CPS
- Sewer: Septic, Septic
- Water: Well, 2+ Wells
- Utilities for property: Electricity Available, Water Available, Cable Available, Electricity Connected
Community & HOA
Location
- Region: Bulverde
Financial & listing details
- Price per square foot: $2,384/sqft
- Tax assessed value: $2,221,930
- Annual tax amount: $9,194
- Price range: $4.4M - $4.4M
- Date on market: 8/13/2026
- Cumulative days on market: 17 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Paved, Gravel
Estimated market value
$4,102,500
$3.86M - $4.31M
$2,686/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $4,400,000$2,384/sqft |
Source: | ||
| 5/6/2016 | Sold | -- |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,122 -3.3% | $2,221,930 -6.9% |
| 2024 | $7,362 +5% | $2,387,560 +5.8% |
| 2023 | $7,014 +7.8% | $2,255,810 +27.1% |
| 2022 | $6,509 +15.6% | $1,774,630 +36% |
| 2021 | $5,630 +10% | $1,305,160 +9.9% |
| 2020 | $5,117 +29.7% | $1,187,820 +110.4% |
| 2019 | $3,945 +1.1% | $564,640 +1.2% |
| 2018 | $3,904 | $557,780 +7.6% |
| 2017 | -- | $518,310 +368.6% |
| 2016 | $2,122 +1956.1% | $110,620 -1.4% |
| 2015 | $103 | $112,190 +1985.3% |
| 2014 | $103 | $5,380 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 78163
Nearby schools
Schools provided by the listing agent
- Elementary: Rahe Bulverde Elementary
- Middle: Spring Branch
- High: Smithson Valley
- District: Comal
Source: LERA MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




