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Historic Pedernales River Ranch. Steeped in Texas history and stewarded by the Paul family since the 1950s, this extraordinary 39.66-acre ranch has exchanged hands only three times since the original Texas land grant of 1836. Rarely does a property with such heritage and potential become available, offering a unique opportunity to bring your vision to life in the heart of the Hill Country. Currently Agricultural Exempt, the property is fully fenced and features multiple level building sites ideal for a homestead, ranch headquarters, or future development. The land appears to not be zoned or located within an ETJ, providing incredible flexibility for both residential and commercial possibilities. The topography is mostly flat with gentle elevation changes that slope toward a Pedernales River slough, where you’ll also find the unique and storied “living cave.” Walking access down to the slough provides scenic beauty and recreation, while higher ground outside the partial floodplain ensures plenty of usable space for construction. The property already has a water well and electrical is available, with a septic system needed for future improvements. Stands of mature oaks and native vegetation are scattered throughout, all set against a backdrop of iconic Texas sunsets. With only very light, seller-imposed restrictions, this land is truly ready for development and offers exceptional potential for commercial ventures. Located in the highly acclaimed Lake Travis ISD and less than a 10-minute drive to Pace Bend Park, this property offers unmatched versatility, natural beauty, and a legacy that stretches back to the earliest days of the Republic. Whether your dream is a private ranch retreat, an agricultural enterprise, or a commercial project with deep Texas roots, this is a rare chance to own a piece of Texas history and create something extraordinary.

Source: Austin MLS, MLS#: 3018295

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  • Property Type
    Farm
  • Lot
    39.66 acres

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Pamela Buske

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 23601 Old Ferry RD #1


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
2/28/2026Source: Austin MLS Price Reduction
$2,850,000 -1.7%
9/1/2025Source: Austin MLS Added to Database
September 01, 2025
Listing provided courtesy of Longhorn Realty, LLC- MLS# 3018295MLS Provider