0 Hamilton Pool Rd Austin, TX 78738

This exceptional 738-acre property presents a unique investment opportunity in the heart of Texas Hill Country. Located on Hamilton Pool Road in Bee Cave, Travis County (zip code 78738), this expansive tract boasts approximately 0.34 miles of road frontage, offering convenient access and stunning views. The property's location provides easy access to Austin's amenities while maintaining a secluded Hill Country feel, with nearby breweries, retreats, outdoor activities, and Lake Travis ISD schools. A significant advantage is the existing conservation easement managed by The Nature Conservancy, balancing preservation with development potential. This easement allows for various uses, including ranching, wildlife management, residential, and recreational activities. Crucially, it permits commercial development consistent with conservation values, featuring three building envelopes (two up to 10 acres each, one up to 20 acres, or combinable into a single 40-acre envelope). These envelopes are ideal for a boutique hotel, retreat, or similar special-purpose development, subject to approval by the easement holder and managing grantee. Permitted structures include residences, barns, sheds, studios, and guest quarters, along with necessary roads and utilities. The easement also allows for up to nine active water wells and up to three earthen stock tanks or ponds. This property represents one of the largest undeveloped tracts in this area, offering a rare blend of conservation, development potential, and prime Hill Country location, close to the planned Auberge Mirasol Springs development. The landowner retains rights to various recreational uses, including hunting, fishing, horseback riding, and wildlife observation. This is a truly exceptional opportunity to own a significant piece of Texas Hill Country while contributing to its long-term preservation.