2 bed, 1 bath, 13,600 sqft on 21.00 acres in Austin. Austin, TX 78738. $3,199,000. Lake Travis ISD.
About This Home
Set within the exclusive Preservation Ranch community, Lot 2 offers 21+/- acres of beautiful Hill Country landscape, exceptional privacy, & expansive views from one of the highest elevations in Travis County. Recent land clearing has opened up the property & revealed its natural beauty, with multiple potential build sites positioned to take advantage of the surrounding hills & valleys.
A rendering offers a glimpse of the possibilities for one of the property's beautiful potential build sites. Imagine building your dream home here, overlooking the canyon w/ panoramic Hill Country views & your own private equestrian facilities just steps away.
At the heart of the property is a sprawling 13,000+ square-foot barn that captures the character & charm of a classic working ranch, w/ thoughtfully designed spaces for horses, equipment, & everyday ranch life. The barn features 10 horse stalls, each w/ outdoor runs, a feed room w/ ample grain storage, & a spacious tack & saddle room. Additional improvements include a 5-bay maintenance garage w/ a hydraulic vehicle lift, an air-conditioned machine shop w/ two garage bays, & a break room w/ a kitchen & full bath. Above the stable area, the Ranch Manager's apartment offers two bedrooms & one bath.
Spanning approximately 930 acres of rolling terrain, Preservation Ranch is a private, gated community centered around nature, privacy, & land conservation. Residents enjoy miles of secluded hiking & riding trails, private creeks & streams, & access to the adjacent 2,400-acre conservation park.
Located within Lake Travis ISD, Lot 2 offers the opportunity to create a private Hill Country estate w/ exceptional equestrian amenities, beautiful views, & the space to build a home that feels truly connected to its surroundings. Just 15 minutes from the Hill Country Galleria & approximately 30 minutes from downtown Austin, the property offers privacy & convenience within one of the Hill Country's most sought-after communities.
The standout fact at 18700 Madrone Ranch Trail is scale: 21 acres in Austin with a 13,600 square foot residential single family setup priced at $3.70 million, or $272 per square foot. In west Austin, TX 78738, that combination of land, infrastructure, and privacy is hard to match, especially with 270 days on market giving buyers time to study what is here.
This property reads less like a standard house and more like a working Hill Country compound. Built in 2003, 18700 Madrone Ranch Trail includes a 2 bedroom, 1 bath residence integrated with a substantial barn and support space. The existing improvements create immediate utility for an equestrian buyer, a collector, or an owner who wants room for equipment, vehicles, and ranch operations without starting from raw land. The barn includes 10 horse stalls with outdoor runs, a feed room, a tack and saddle room, a 5 bay maintenance garage with a hydraulic lift, an air conditioned machine shop with two garage bays, and a break room with kitchen and full bath. That amount of built space changes the value equation. At $272 per square foot, buyers are not paying custom estate pricing for the infrastructure already in place.
The setting is a major part of the appeal. Austin is known for large acreage homesites, protected Hill Country views, and a quieter pace than most of the Austin luxury market. This tract sits at a high elevation point in Travis County, with mature hardwoods, open pasture, and multiple areas that could support a future main residence if a buyer wants to expand the property over time. Community amenities include miles of hiking and riding trails, spring fed creeks, and access to a neighboring 2,400 acre conservation park, which gives the area a more protected feel than many west Austin subdivisions.
From a daily living standpoint, the location keeps you connected. Hill Country Galleria is about 15 minutes away for shopping, dining, and everyday errands, and downtown Austin is about 30 minutes away for business, events, and airport access beyond the urban core. For a buyer comparing acreage in Austin, Austin offers a specific kind of value: meaningful land, existing ranch-grade improvements, and a location that still keeps the city within reach. Long term, that mix supports both lifestyle flexibility and staying power in a part of the market where usable acreage remains limited.
The numbers behind this insight
- Offered at
- $3,199,000
- Listed
- May 5, 2025
- Price changes
- 1, down 13.5% from $3,699,000
- Asking price per sq ft
- $235
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $740 per sq ft over the trailing 12 months (186 sales), as of October 19, 2026.
- Property Type
- Residential
- Year Built
- 2003
- Lot Size
- 21.00 acres
- Price / Sq Ft
- $235
- HOA
- $389/mo
- Garage
- 5 spaces
Listing information last updated September 30, 2026.
Listed by Keller Williams Realty
MLS# 7205481 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Open Floorplan
- Recessed Lighting
- Dishwasher
- Free-Standing Electric Range
- Washer
- Dryer
- Carpet
- Concrete
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Stone
- Private
- Many Trees
- Views
- Partial
- Wood
- Slab
- Roof
- Spanish Tile
- Lot Size
- 21.00 Acres
- Garage
- Garage Spaces
- 5
Financial
- HOA Fee
- $389 / mo
- Original List Price
- $3,699,000
- Price per Sq Ft
- $235
Utilities
- Electricity Connected
- Water Source
- Public
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 18700 Madrone Ranch Trail, whoever represented it.
- ActiveListed 2025Current price: $3,199,000Original list: $3,699,000MLS 7205481
- Price changed · September 24, 2026$3,199,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Explore this area
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $3,199,000
- Original list
- $3,699,000
- Price movement
- $500K reduction
- Listed / DOM
- May 5, 2025 · 533 days
Zoned Schools & District Context
Lake Travis
Bee Cave Middle School
Lake Pointe Elementary
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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-15T20:07:02.131+00:00; normalized from monthly dues.
20% ($640K)
Adjustable assumption - not a lending recommendation.
$3,199,000
Luxury property intelligence
Keenan Market Position
A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.
List price
$3,199,000
Price per sqft
$235/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
533 days
Original to current
$500K reduction
$3.7M 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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