
912+/- AC Marble Falls, Texas | Burnet County
An outstanding 912+/-AC ranch just outside of Marble Falls offering a rare combination of rolling Hill Country topography, abundant surface water, great hardwoods and natural grasses, and premier wildlife habitat in one of the most desirable areas in Central Texas. With established infrastructure, multiple creeks, and dozens of ponds and tanks, this property presents an unmatched opportunity for recreation, ranching, or long-term investment.
LAND: The ranch showcases beautiful rolling topography and draws with a highly usable layout. Diverse hardwoods and strong grasses provide excellent grazing potential and beauty. Massive rock outcroppings dot the ranch.
WATER: Water is one of the defining features of this ranch, with two creeks and dozens of tanks and ponds scattered across the property, several of which are substantial in size. A main lake serves as a centerpiece. The ranch features over a mile and a half of both sides of Elm Creek and half a mile of both sides of Dry Creek. Roughly a dozen wet weather draws traverse the ranch feeding into each of these creeks.
LOCATION: The ranch sits just 12 minutes to Marble Falls and roughly an hour to the greater Austin area. Its proximity to these cities places the property in an extremely sought-after area where large acreage ranches with this level of quality and accessibility are increasingly difficult to find.
VEGETATION: Thousands of hardwoods cover the property along with healthy native grasses and more dense brush areas to provide a great mix of usability and incredible wildlife cover.
WILDLIFE: The combination of open pasture, water, and cover supports an impressive variety of native game and bird species. Wildlife on the ranch includes whitetail deer, wild hogs, dove, ducks, turkey, and more.
IMPROVEMENTS: With paved road frontage, water and electric onsite, and a well established road system, this property offers immediate usability.
Property Type
Land
Lot Size
912.00 acres
Listed by Shipley Ranches
Verified property facts
3501 Cr120 is listed at $11,995,000 with 0 bedrooms, 912.00-acre lot. This places it above the 78654 median of $1,325,000.
3501 Cr120 is zoned for Marble Falls ISD with assigned schools: Marble Falls (elementary), Marble Falls (middle), Marble Falls (high). School assignments should be verified directly with the district.
3501 Cr120 is in Downtown Austin, Austin, Texas. See the full [Downtown Austin neighborhood guide](/neighborhoods/downtown-austin) for market data, schools, and lifestyle details.
3501 Cr120 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 ($2,399,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 3501 Cr120 is around $84,230 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
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Property Details
Lot Features
Listing timeline with current price, original ask, and market time.
Marble Falls 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% ($2.4M)
$11,995,000
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List price
$11,995,000
Price per sqft
Not available
Vs. Downtown Austin median
+1270.9%
$875K median
Days on market
33 days
Original to current
No verified reduction
$12M original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 1271% above the Downtown Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 15, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $11,995,000, 3501 Cr120 is in the Downtown Austin market where there are currently 185 active listings in 78654. The Keenan Group has completed 1 transactions in 78654 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Downtown Austin guide](/neighborhoods/downtown-austin).
3501 Cr120 sits on a 912.00-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.
Downtown Austin is one of Austin's established neighborhoods, zoned for Marble Falls ISD in the 78654 area. The Keenan Group has specialized in Downtown Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Neighborhood guide and local insights
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts. The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake. The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views. Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance. Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
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