11915 FM 86, Lockhart, TX 78644 - Caldwell County

Rare and versatile, this 418 acre Lockhart property offers a unique combination of investment potential, ranch functionality, and natural Texas beauty. The land is approximately 65% open pasture and 35% wooded, featuring mature live oak and pecan trees, four stocked ponds, and a wet-weather creek. The diverse terrain provides excellent opportunities for livestock, hunting, recreation, or simply enjoying the natural scenery of Central Texas.

The property includes multiple improvements that make it immediately usable. The main residence is a 1,831 SF wood-frame home originally relocated from Austin and expanded in 2008. It features three bedrooms, two bathrooms, a vaulted living and dining area, fireplace, updated kitchen with electric appliances and tile countertops, and a rear deck overlooking the property. A 1,200 SF 1930s shotgun style cottage from Elgin provides additional living space with two bedrooms and one bathroom, while a 1,368 SF foremans home adds further residential utility. The property also includes a 1,952 SF metal barn with cattle pens, supporting livestock operations or recreational uses. Public water, electricity, and an agricultural exemption are already in place, keeping holding costs low while maximizing flexibility.

With frontage along FM 713, Fox Lane, and FM 86, the property offers excellent access and visibility. Located outside city limits and unzoned, it provides unmatched flexibility for ranching, recreation, estate living, or long-term investment and development. The location is convenient to the Austin corridor, just 30 miles south of the city, 15 miles east of San Marcos, and 30 miles west of Bastrop, placing it within reach of major urban centers while retaining the peace and privacy of the country.

This is a rare opportunity to acquire a large, unrestricted Central Texas property with multiple homes, water features, and infrastructure already in place. Whether used as a working ranch, recreational retreat, or a long-term land bank investment, this property offers endless possibilities for those looking to secure a piece of Texas land in a high-demand growth region.

Property Highlights:

418 acres: 65% open pasture, 35% wooded

Four stocked ponds and wet-weather creek

Main house: 1,831 SF, 3 bed / 2 bath, expanded in 2008

Secondary home: 1,200 SF 1930s cottage, 2 bed / 1 bath

Foreman house: 1,368 SF

Metal barn with cattle pens: 1,952 SF

Public water, electricity, and agricultural exemption in place

Triple road frontage: FM 713, Fox Lane, FM 86

Outside city limits and unzoned, allowing flexible use

Minutes to Austin, San Marcos, and Bastrop

This property is ideal for investors, ranchers, or buyers seeking a flexible, multi-use Texas estate with immediate usability and long-term potential.