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    256 Greasy Bnd Rd Smithville, TX 78957

    For Sale
    $2,850,000

    114 Acres, Riverfront Land, Texas

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional 114.27-acre ranch in Bastrop County, Texas, boasting over 265 feet of Colorado River frontage. This secluded property, held by the same family for years, offers long-range Hill Country views and is conveniently located just 4.5 miles from Smithville and 50 miles from downtown Austin. Recent improvements include road work, clearing, and enhanced river access. The property features an older well and hunting cabin, and benefits from a 1-d-1 Agricultural tax valuation. The fertile river bottom soil supports abundant native trees and wildlife. Significant potential exists for recreational or commercial development, leveraging the river access and proximity to Austin. The property includes over 480 feet of paved road frontage. Mineral rights are owned by the seller and are negotiable. Nearby sand and gravel mining and oil and gas production suggest additional potential revenue streams. This unique opportunity presents a blend of recreational and investment potential in a rapidly growing area of Texas. The property is situated on the high bank side of the river, minimizing floodplain concerns.

    Property Features for 256 Greasy Bnd Rd

    General Information

    Property type
    Farms
    Lot Size
    4,977,775 SF

    HighLights

    • $2,850,000 asking price for 114.27 acres of land.
    • Located in Bastrop County, Texas, near Smithville, with over 265 feet of Colorado River frontage.
    • Features a hunting cabin, older well, and recently improved road access.
    • Agricultural tax valuation and potential for oil & gas, sand & gravel extraction.
    • Suitable for recreational, residential, or commercial development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Smithville
    County
    Bastrop
    State
    Texas
    Longitude
    -97.0847
    Latitude
    30.0161

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    FAQs

    What type of property is this?
    Farm - 114 Acres, Riverfront Land, Texas
    Where is this farm located?
    The property is located at 256 Greasy Bnd Rd Smithville, TX.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: $2,850,000 asking price for 114.27 acres of land.; Located in Bastrop County, Texas, near Smithville, with over 265 feet of Colorado River frontage.; Features a hunting cabin, older well, and recently improved road access.
    Request Owner's contact information
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    Smithville, TX 78957
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    256 Greasy Bnd Rd Smithville, TX 78957
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