
— bed, — bath on 912.00 acres in Marble Falls. Marble Falls, TX 78654. $11,995,000. Marble Falls ISD.
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.
A rare 912-acre estate in Burnet County sits just 12 minutes from Marble Falls and roughly an hour from downtown Austin, combining working ranch infrastructure with the kind of land preservation that defines Hill Country wealth. The property announces itself through established gated access and a private road system that winds through rolling terrain dotted with massive rock outcroppings - the kind of geological drama that makes Hill Country land unmistakable. Paved road frontage and on-site utilities mean this isn't raw acreage; it's a managed property ready for immediate use.
The grounds showcase what thoughtful stewardship looks like across nearly 1,000 acres. Thousands of mature hardwoods frame open pastures and dense brush corridors, creating natural zones for wildlife movement and grazing potential. The landscape isn't uniform - draws traverse the ranch, and the topography shifts between cleared land and wooded stands, giving the property visual depth and functional variety. This isn't ornamental landscaping; it's ecological management on a serious scale.
Water defines the estate's character. Elm Creek borders the property for over a mile and a half on both sides, with Dry Creek running nearly half a mile on each bank. A dozen wet weather draws feed into these creeks, creating a network of hydration across the land. Dozens of ponds and tanks dot the acreage, with a central lake serving as the anchor - the kind of water infrastructure that supports both recreation and ranching operations. Surface water this abundant shapes everything about the property's value and usability.
The wildlife habitat here is genuine. The combination of open pasture, perennial water, and diverse cover supports whitetail deer, wild hogs, dove, ducks, and turkey. This isn't a manicured game ranch; it's land that functions as a working ecosystem. Families in the Marble Falls ISD area who own acreage like this typically use it for multi-generational retreats, ranching operations, or long-term investment in a market where large properties with this level of water access and proximity to Austin are increasingly scarce.
The property sits in one of Central Texas' most sought-after zones - close enough to Austin employment and amenities to matter, far enough to feel genuinely rural. With established infrastructure already in place, 3501 CR 120 offers the rare position of being both immediately usable and appreciating in value as development pressure increases around the greater Austin area.
Verified property facts
3501 Cr120 is listed at $11,995,000 with 0 bedrooms, 912.00-acre lot. This places it above the ZIP 78654 single-family closed-sale median price of $1,325,000 (ZIP 78654 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 30, 2026).
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 listed by Shipley Ranches. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Oct 1, 2026.
This page does not assume a mortgage rate or publish a monthly payment for 3501 Cr120. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
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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)
Adjustable assumption - not a lending recommendation.
$11,995,000
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List price
$11,995,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
141 days
Original to current
No verified reduction
$12M original
Active inventory context
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Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 1, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
As of Oct 1, 2026, 3501 Cr120 is offered at $11,995,000. The current MLS snapshot shows 185 active listings in 78654. Keenan Group has completed 1 verified transactions in 78654 within its 1,000+ completed transactions and $1B+ career volume across Austin.
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