— bed, — bath on 979.30 acres in Ledbetter. Ledbetter, TX 78946. $9,695,070. Giddings ISD.
About This Home
Incredibly rare find with 979.3 +/- picturesque acres in Lee County! This ranch offers year-round recreational enjoyment including stocked ponds for angling and optimal habitat for deer, ducks, hogs, or predators. The 8+ surface ponds that are spread throughout the property and Nails Creek that meanders throughout the middle add tons of character. What makes this ranch so unique is that it offers a variety of mixed-use habitats combining not only recreational enjoyment, but open pastures for cattle or horses, hunting and wildlife management opportunities, multiple water features, dense wooded areas, and unlimited building sites with dynamic views. Native and improved grasses are prevalent throughout. The soil primarily consists of clay and sandy soil. There is a metal building near the two largest ponds that includes a garage/storage area. No minerals. Ag Exemption. If you're looking for a legacy ranch with unlimited potential and enjoyment, you won't want to miss this one!
Nearly 1,000 acres of pure recreational freedom in Lee County - County Road 119 near Ledbetter is the kind of property where weekends turn into life chapters. This 979.3-acre ranch is built for families who want to hunt, fish, and explore on their own land without compromise.
The water here defines the experience. Eight surface ponds spread across the property create a fishing operation that runs year-round, stocked and ready. Nails Creek cuts through the middle like a spine, adding constant flow and character to the landscape. That's not decoration - that's drinking water for wildlife and a magnet for duck season. The ponds are deep enough to hold largemouth bass and catfish while creating natural gathering points for deer and hogs across mixed-use habitat that shifts from dense woodland to open pasture.
This is habitat diversity that most ranches chase for years. The property combines wooded cover where deer bed during the day, open grassland for spotting game, and cleared areas ready for cattle or horses if you want traditional ranching alongside the hunting operation. Native and improved grasses cover the pastures. The soil runs to clay and sandy loam - stable ground for building multiple structures. There's already a metal building positioned near the two largest ponds with garage and storage space, meaning you can stage equipment, store boats, and set up base camp without starting from zero.
The building potential matters too. With nearly 1,000 acres and no mineral rights issues, you have unlimited placement options for a main residence, guest cabins, or a hunting lodge. The dynamic views and elevation changes across the property give you real choices about where your structures sit.
From Ledbetter, you're in the transition zone between the Hill Country's edge and the coastal plains. Lee County means ag exemption applies, which protects your land tax value as long as you operate it as rangeland or farm. The property is built for legacy - the kind of place where your kids learn to hunt, where a weekend can stretch into a full season, where you actually use every acre.
After 1,014 days on market, this is still undervalued for the recreational and agricultural potential it represents.
The numbers behind this insight
- Offered at
- $9,695,070
- Listed
- March 30, 2023
- Price changes
- Reduced, down 46.5% from $18,117,050
Keenan Luxury Market Index: $5M-$10M single-family homes across the Austin area sold at a median $990 per sq ft over the trailing 12 months (44 sales), as of October 16, 2026.
- Property Type
- Farm
- Lot Size
- 979.30 acres
Listing information last updated October 2, 2025.
Listed by Schultz Texas Properties, LLC
MLS# 9963138 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Lot Size
- 979.30 Acres
Financial
- Original List Price
- $18,117,050
Transaction History
1 record on file
Every recorded listing, sale, and lease at 0 County Road 119, whoever represented it.
- ActiveListed 2023Current price: $9,695,070Original list: $18,117,050MLS 9963138
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $9,695,070
- Original list
- $18,117,050
- Price movement
- $8.4M reduction
- Listed / DOM
- Mar 30, 2023 · 1,296 days
Zoned Schools
Giddings ISD
Giddings
Giddings Int
Giddings
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($1.9M)
Adjustable assumption - not a lending recommendation.
$9,695,070
Luxury property intelligence
Keenan Market Position
A sourced read on Ledbetter pricing, timing, and property scale. No automated valuation claim.
List price
$9,695,070
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
1,296 days
Original to current
$8.4M reduction
$18.1M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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