
The Edwards Ranch! ~ A rare opportunity to own 129 acres of prime Texas countryside between the historic communities of Bastrop and Smithville. Held by the same family for three generations, this legacy property is a turnkey cattle ranch with an existing grazing and hay production lease currently in place. The land is approximately 70% improved pastures and 30% wooded, featuring Bermuda grass, towering pecan trees, abundant wildlife, and scenic views throughout. Improvements include pipe-built cattle pens, barn (50’ x 60’), equipment shed (24'x62'), greenhouse, and extensive livestock fencing and cross-fencing. The charming ranch home, originally built in 1939 was completely remodeled in 1990, blends historic charm with modern comfort. The move-in-ready residence with 2084sf offers 2 bedrooms, 2 baths, a country kitchen with spacious dining area, abundance of oak cabinetry, two office areas, beam ceilings, plantation shutters throughout, and two fireplaces—one in the living room and another in the primary bedroom. The interior has been freshly painted and carpet in the bedrooms and office have been recently installed. Wrap-around porches provide the perfect place to enjoy peaceful country living, while the metal roof offers lasting durability. Additional improvements include a detached guest quarters of approximately 600sf with a complete with a living area, one bedroom or studio, full bath, exterior utility room, and a two-car garage with dedicated office and a separate workshop area with extra room for ATV or lawn equipment. Whether you're seeking a working cattle operation, recreational weekend retreat, or multi-generational ranch property. Conveniently located within one hour of Austin and two hours from Houston or San Antonio. Close proximity to medical services, restaurants, shopping, the Colorado River and two State Parks for unlimited recreational activities. See listing for adjacent property on Colorado River at 218 Brody Ln. #4307492 for 231.78 acres.
Property Type
Farm
Year Built
1939
Lot Size
129.55 acres
$/Sq Ft
$960
Garage
8 spaces
Listed by Kuper Sotheby's Int'l Realty
Verified property facts
138 St. James PL is listed at $2,000,000 with 2 bedrooms, 2 full bathrooms, 2,084 square feet, 129.55-acre lot. This places it above the 78602 median of $395,000.
138 St. James PL is zoned for Smithville ISD with assigned schools: Smithville (elementary), Smithville (middle), Smithville (high). School assignments should be verified directly with the district.
138 St. James PL is a Farm built in 1939 featuring 2 bedrooms, 2 full bathrooms, 2,084 square feet, 129.55-acre lot.
138 St. James PL 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.
The most recent annual property tax for 138 St. James PL is $4,491. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Listing timeline with current price, original ask, and market time.

Smithville 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% ($400K)
$2,000,000
Luxury property intelligence
A sourced read on Highsmith, A M pricing, timing, and property scale. No automated valuation claim.
List price
$2,000,000
Price per sqft
$960/sqft
Vs. Highsmith, A M median
Not available
Days on market
21 days
Original to current
No verified reduction
$2M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 22, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($400,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 138 St. James PL is around $10,752 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $2,000,000, 138 St. James PL is in the Highsmith, A M market where there are currently 329 active listings in 78602. The Keenan Group has completed 2 transactions in 78602 as part of 1,000+ career sales totaling $1B+ across Austin.
138 St. James PL was built in 1939 (87 years ago). Buyers should budget for potential updates to major systems.
138 St. James PL includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
138 St. James PL sits on a 129.55-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
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