— bed, — bath on 114.27 acres in Smithville. Smithville, TX 78957. $1,700,000. Smithville ISD.
About This Home
Discover 114 breathtaking acres just six miles outside of Smithville, perfectly nestled along the scenic Colorado River. This exceptional property offers a rare combination of natural beauty, recreation, and the ideal setting to build your dream riverfront home.
Towering century-old live oaks and mature pecan trees are scattered across the land, creating shaded groves and postcard-worthy views. The varied terrain adds depth and character, making the ranch feel far larger than its acreage and providing multiple elevated building sites with stunning perspectives of the surrounding landscape.
Whether you’re seeking a private retreat, a recreational getaway, or a long-term homestead, this property delivers the true ranch lifestyle while keeping you conveniently close to town. Electricity is already on the property, and a water well will be needed.
A rare opportunity to own a large, beautiful stretch of land along the Colorado River — peaceful, private, and full of potential.
Colorado River frontage on 114.27 acres is the headline at 256 Greasy Bend Rd, a $2.10M land offering that is hard to replicate this close to Smithville. In Smithville, 256 Greasy Bend Rd gives you scale, water, and privacy in one tract, with no existing house to limit how you position a future homesite, barn, guest quarters, or recreational setup.
This is unimproved land in Bastrop County, which matters for buyers who want flexibility. There is no current bedroom, bathroom, or interior square footage count because this is raw land, and there is no year built to factor into the decision. Instead, the value conversation starts with acreage, river access, tree cover, topography, and utility readiness. At roughly $18,376 per acre, the pricing lands at about $0.42 per square foot across the full tract, a useful benchmark for comparing large riverfront holdings in the Smithville area. Electricity is already on the property, and a water well will be needed, which gives a buyer a clear picture of the next development step.
The setting along the Colorado River is the real differentiator. Large tracts with waterfront in this corridor are limited, and the combination of mature live oaks, pecan trees, and rolling ground creates multiple options for a primary build site or weekend retreat. The terrain also gives the land visual depth, which is a major advantage if you want a homesite with long views rather than a flat pasture feel. Greasy Bend Rd keeps the approach quiet, while downtown Smithville is still close enough for groceries, restaurants, and daily errands. Highway 71 is the key regional connector, making trips toward Bastrop, Austin-Bergstrom International Airport, and Austin more straightforward than many rural properties farther east or south.
For families planning ahead, the property sits in Smithville ISD, with Brown Primary, Smithville, and Smithville serving the area. That gives buyers clear school anchors and named campuses rather than vague district references. The proximity to Smithville itself also means quick access to local events, the historic downtown district, and river-country recreation that defines this part of Bastrop County.
After 35 days on market, 256 Greasy Bend Rd stands out as a property for someone thinking long term. You can hold it as a legacy tract, shape it into a private ranch, or build a riverfront estate with real land around you. In a market where usable waterfront acreage keeps getting harder to find, this is the kind of address that can carry both lifestyle appeal and lasting land value.
The numbers behind this insight
- Offered at
- $1,700,000
- Listed
- February 9, 2026
- Price changes
- Reduced, down 19% from $2,100,000
- Property Type
- Land
- Lot Size
- 114.27 acres
Listing information last updated August 14, 2026.
Listed by Keller Williams Brazos West
MLS# 1657369 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Trees-Large (Over 40 Ft)
- Views
- Partial
- Lot Size
- 114.27 Acres
- River Front
Financial
- Original List Price
- $2,100,000
Utilities
- Electricity Available
Transaction History
2 records on file
Every recorded listing, sale, and lease at 256 Greasy Bend RD, whoever represented it.
- ActiveListed 2026Current price: $1,700,000Original list: $2,100,000MLS 8003251
- Price changed · May 12, 2026$1,850,000
- Price changed · June 15, 2026$1,800,000
- Price changed · July 15, 2026$1,750,000
- Price changed · August 14, 2026$1,700,000
- ActiveListed 2026Current price: $1,700,000Original list: $2,100,000MLS 1657369
- Price changed · May 12, 2026$1,850,000
- Price changed · June 15, 2026$1,800,000
- Price changed · July 15, 2026$1,750,000
- Price changed · August 14, 2026$1,700,000
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
- $1,700,000
- Original list
- $2,100,000
- Price movement
- $400K reduction
- Listed / DOM
- Feb 9, 2026 · 255 days
Zoned Schools
Smithville ISD
Smithville
Smithville
Brown Primary
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% ($340K)
Adjustable assumption - not a lending recommendation.
$1,700,000
Luxury property intelligence
Keenan Market Position
A sourced read on Smithville pricing, timing, and property scale. No automated valuation claim.
List price
$1,700,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
255 days
Original to current
$400K reduction
$2.1M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
Request Private Market AnalysisConnect 256 Greasy Bend Rd to the Austin Market
78957 ZIP Guide
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
Austin Home Valuation
Private Austin CMA, TCAD context, and pricing strategy
Seller Resources
Pricing, prep, launch timing, and Compass marketing strategy
Keenan Group Results
#1 ABOR Team 2024 with $1B+ career sales volume







