
Rare opportunity to own 20 acres consisting of two side-by-side parcels (PID 55116 & 55117) in the growing Lockhart area WITH road frontage! This fully fenced property features two ponds, established wildlife habitat, and a current wildlife exemption with combined property taxes of only approximately $27 per year. With recent changes to agricultural and wildlife valuation requirements, this acreage should still be sufficient to maintain the lower tax valuation but should be verified by buyer. The land offers a great mix of open space, natural beauty, and recreational potential. One pond typically holds water nearly year-round, while the second is seasonal. A mowed walking trail runs through the center of the property to the back fence line, with additional trails along the south and east boundaries for easy access and exploration. This property is home to lots of native animals and greenery/flowers Utilities are not currently on the property but are available at the road. Seller has a survey available. Since the property does not yet have a 911 address, use 1550 Oil Field Rd and 1000 Oil Field Rd, Lockhart, TX, as nearby GPS reference points—the property is located between them. Whether you're looking for a homesite, recreational retreat, investment property, or a tract with exceptionally low carrying costs, this property deserves a look.
Property Type
Land
Lot Size
20.13 acres
Listed by Lone Star Realty - Lockhart
Property Details
Lot Features
Waterfront
Verified property facts
000 Oil Field RD is zoned for Lockhart ISD with assigned schools: Navarro (Lockhart ISD) (elementary), Lockhart (middle), Lockhart (high). School assignments should be verified directly with the district.
000 Oil Field RD is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
With 20% down ($100,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 000 Oil Field RD is around $3,511 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $499,999, 000 Oil Field RD is in the Colony Ranches market where there are currently 118 active listings in 78644.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline with current price, original ask, and market time.
Lockhart ISD
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.
20% ($100K)
$499,999
Luxury property intelligence
A sourced read on Colony Ranches pricing, timing, and property scale. No automated valuation claim.
List price
$499,999
Price per sqft
Not available
Vs. Colony Ranches median
Not available
Days on market
11 days
Original to current
No verified reduction
$500K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 21, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
000 Oil Field RD includes verified waterfront access: Pond. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Colony Ranches
Active listings near 000 Oil Field RD
Recent sales for market context