4 bed, 3 bath, 1,766 sqft on 488.00 acres in San Saba. San Saba, TX 76877. $5,490,000. San Saba ISD.
About This Home
488+/- acre live water ranch located along FM 501 in southeastern San Saba County, featuring approximately 3,775 feet of Cherokee Creek with both sides of the creek owned. This spring-fed water source, combined with over a mile of road frontage, makes this property a rare offering in today’s market. The land offers rolling terrain with elevations ranging from approximately 1,251’ to 1,455’, providing scenic views, privacy, and a diverse mix of native habitat that supports wildlife and recreational use. Mature hardwoods, including large pecan trees along the creek, enhance both the beauty and usability of the property. Improvements include a 1,766 SF main residence (4-bed/3-bath), a bunkhouse-style guest space, two barns (approx. 1,800 SF each), and additional sheds and covered structures, offering immediate functionality for ranching, recreation, or weekend use. This property presents a compelling long-term investment opportunity, combining live water, accessibility, and scale; three of the most sought-after attributes in the Texas land market. Ideal for hunting, livestock, or a private retreat, with room for future improvements or income-producing potential. Conveniently located approximately 25 minutes to San Saba, 15 minutes to Llano, 1 hour to Fredericksburg, and 1.5 hours to Austin. Also within close proximity to Colorado Bend State Park and Lake Buchanan. Whether you're seeking a recreational ranch, operational property, or legacy investment, this is a rare opportunity to own a well-balanced piece of Texas land. Contact us today to schedule a private tour of this exceptional San Saba County ranch.
This 488-acre live water ranch on E FM 501 in San Saba County represents a rare combination of natural resources and built infrastructure in the Texas Hill Country market. Cherokee Creek runs 3,775 feet across the property with ownership of both banks, fed by natural springs that guarantee year-round water availability regardless of drought conditions. That live water source, paired with over a mile of FM 501 frontage, creates immediate operational capability for ranching, livestock management, or agricultural enterprise.
The rolling terrain spans elevations from 1,251 to 1,455 feet, delivering expansive views across native habitat dominated by mature hardwoods and pecan trees that line the creek bottom. This landscape diversity supports both wildlife populations and recreational use without requiring active management to sustain. The property's wetlands and native plant communities create natural water filtration and retention systems that reduce dependence on external infrastructure.
The main residence sits at 1,766 square feet with four bedrooms and three full baths, designed for immediate occupancy while the supporting structures enable true self-sufficiency. Two barns totaling approximately 3,600 square feet provide secure storage and operational space for equipment, feed, and livestock. Additional sheds and covered structures accommodate workshops, equipment maintenance, and seasonal storage. This infrastructure tier allows the property to function independently of external services while maintaining professional-grade facilities for ranching operations or hunting enterprises.
San Saba ISD serves the property through San Saba Elementary, Middle, and High School, with the main campus located approximately 25 minutes south in the town of San Saba. The location trades rural isolation for accessibility: Llano sits 15 minutes east, Fredericksburg 1 hour south, and Austin approximately 1.5 hours via US 183. Colorado Bend State Park and Lake Buchanan lie within 30 minutes, providing recreational outlets that complement the property's private use potential.
At $5.49 million, the economics reward long-term ownership. The 488-acre scale eliminates land-use restrictions while the live water rights create tangible value protection against future drought or development pressure in the region. This is a working ranch that doesn't require external water contracts, a legacy property that functions independently, and an investment positioned to appreciate as water scarcity reshapes Texas real estate value metrics.
The numbers behind this insight
- Offered at
- $5,490,000
- Listed
- April 16, 2026
- Asking price per sq ft
- $3,109
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 15, 2026.
- Property Type
- Farm
- Lot Size
- 488.00 acres
- Price / Sq Ft
- $3,109
Listing information last updated June 1, 2026.
Listed by Fredericksburg Realty
MLS# 5467294 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Dishwasher
- Gas Range
- Microwave
- Refrigerator
Exterior & Lot
- Asbestos
- Native Plants
- Rolling Slope
- Many Trees
- Views
- Wetlands
- Barbed Wire
- Cross Fenced
- Fenced
- Gate
- Livestock
- Perimeter
- Pillar
- Post
- Pier
- Slab
- Lot Size
- 488.00 Acres
- Detached Carport
- Driveway
- Creek
- Pond
Financial
- Original List Price
- $5,490,000
- Price per Sq Ft
- $3,109
Utilities
- Electricity Connected
- Sewer Connected
- Water Available
- Water Connected
- Water Source
- Well
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 10250 E Fm 501, whoever represented it.
- ActiveListed 2026Current price: $5,490,000Original list: $5,490,000MLS 5467294
- Listed · April 16, 2026$5,490,000
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
- $5,490,000
- Original list
- $5,490,000
- Price movement
- No verified reduction
- Listed / DOM
- Apr 16, 2026 · 183 days
Virtual Tour

Zoned Schools
San Saba ISD
San Saba
San Saba
San Saba
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% ($1.1M)
Adjustable assumption - not a lending recommendation.
$5,490,000
Luxury property intelligence
Keenan Market Position
A sourced read on San Saba pricing, timing, and property scale. No automated valuation claim.
List price
$5,490,000
Price per sqft
$3,109/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
183 days
Original to current
No verified reduction
$5.5M 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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