256 Greasy Bnd Rd Smithville, TX 78957
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.