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For sale
  • $6,346,000

    5501 Old Colony Line Rd, Lockhart, TX 78644

    0beds
    0baths
    --sqft
    : 
    $44,115/mo
    Get pre-qualified
    Farm
    Built in ----
    167 Acres Lot
    $5,781,500 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Livestock barnRustic-style residenceMultiple pondsPrivate gated entrance driveway
    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
    35 days
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    33
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    1
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Gaines Slade TREC #694660 (334) 221-7659,

    Coldwell Banker D'Ann Harper

    Source: LERA MLS,MLS#: 1999632MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 0
      • Bathrooms: 0

      Property

      Lot
      • Size: 167 Acres
      • Features: Agricultural
      Details
      • Parcel number: 15523
      • Other equipment: Small Tanks

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Farm

      Utilities & green energy

      • Water: Other
      • Utilities for property: Electricity Available, Water Available, Other

      Community & HOA

      Location
      • Region: Lockhart

      Financial & listing details

      • Tax assessed value: $2,420,560
      • Annual tax amount: $6,221
      • Price range: $6.3M - $6.3M
      • Date on market: 7/11/2026
      • Cumulative days on market: 36 days
      • Listing terms: Cash,Conventional

        Estimated market value

        $5,781,500

        $5.49M - $6.07M

        $1,299/mo

        Price history

        DateEventPrice
        7/11/2026Listed for sale$6,346,000+28.8%
        Source: LERA MLS #1999632 Report a problem
        12/9/2025Listing removed$4,926,500
        Source: Central Texas MLS #559584 Report a problem
        4/28/2025Price change$4,926,500-8.3%
        Source: Unlock MLS #4681824 Report a problem
        3/3/2025Price change$5,369,548-5.4%
        Source: Central Texas MLS #559584 Report a problem
        10/18/2024Price change$5,678,000+8.2%
        Source: Unlock MLS #4681824 Report a problem
        3/15/2023Listed for sale$5,250,000+18.7%
        Source: Unlock MLS #3473534 Report a problem
        3/29/2022Sold--
        Source: Central Texas MLS #457774 Report a problem
        1/31/2022Pending sale$4,424,000
        Source: LERA MLS #1578926 Report a problem
        1/20/2022Contingent$4,424,000
        Source: LERA MLS #1578926 Report a problem
        1/20/2022Pending sale$4,424,000
        Source: Central Texas MLS #457774 Report a problem
        11/30/2021Listed for sale$4,424,000
        Source: Unlock MLS #7414485 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,221 -0.3%$2,420,560 -17%
        2024$6,237 -0.8%$2,915,010 +25%
        2023$6,288 -76.6%$2,331,600 +47%
        2022$26,928 $1,586,220 +48.9%
        2021-- $1,065,476 +17.9%
        2020-- $903,630 +48.5%
        2018$2,216 $608,560 +491%
        2017-- $102,970 +2%
        2016-- $100,970 +1.5%
        2015-- $99,490 +1039.6%
        2014-- $8,730
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 78644

        Getting around

        0 / 100
        Car-Dependent
        21 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Lockhart Isd

        Source: LERA MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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