
— bed, — bath on 152.65 acres in Smithville. Smithville, TX 78957. $6,522,260.
This exceptional 152 +/- acre farm and ranch property is ideally located in Smithville, Texas, offering a rare combination of highway visibility, Colorado River frontage, and extensive improvements. The property features over 1,000 feet of frontage along Highway 71, providing excellent visibility and accessibility. At the rear, approximately 1,300 feet of Colorado River frontage offers direct access for fishing, kayaking, swimming, or enjoying a choice river setting. The land is predominantly cleared with rolling terrain and includes a pond and a creek running through the property, creating a diverse and scenic landscape suitable for agricultural, equestrian, wildlife, outdoor recreational, or future development uses. Formerly home to Riverside Veterinary Hospital, the property is well improved with a 4,000-square-foot veterinary clinic building, two barns, and extensive cow pens and horse stalls, making it well suited for livestock operations, equine facilities, rehabilitation or sanctuary use, or adaptive commercial applications. The acreage has been leased for hay production and currently benefits from an agricultural exemption through Bastrop County, helping minimize carrying costs. This versatile property presents an outstanding opportunity for ranchers, investors, developers, or owner-operators seeking a strategic location with strong infrastructure, water features, and income-producing capability. Located between Austin and surrounding Central Texas markets, the property is approximately 32.5 miles from Austin-Bergstrom International Airport. With abundant road and river frontage and established improvements, this Smithville farm represents a rare offering. Just 1.2 miles from historic downtown Smithville and near Bastrop’s growing technology corridor, the property offers a balance of small-town charm and proximity to major employment centers. As land values rise across Central Texas, Smithville remains an attractive and more affordable alternative.
Rare doesn't capture what 531 Highway 71 W in Smithville represents: 152.648 acres of land straddling the Colorado River with over 1,000 feet of Highway 71 frontage in one of Central Texas' most strategically positioned locations. This Bastrop County property sits positioned between Austin's expansion corridor and the emerging tech and energy markets of the region, making it one of the few remaining significant acreage plays within 35 miles of Austin-Bergstrom International Airport.
The property commands immediate presence from Highway 71, offering visibility that translates to commercial or recreational opportunity. But the real draw reveals itself as you move deeper into the land: approximately 1,300 feet of Colorado River frontage opens direct access to one of Texas' most valuable natural amenities. The river corridor supports fishing, kayaking, and swimming while the diverse terrain rolls across cleared acreage interspersed with a functional pond and creek system that creates natural water management and aesthetic value.
What separates this from raw acreage is the existing infrastructure. A 4,000-square-foot veterinary clinic building (formerly Riverside Veterinary Hospital), two barns, and extensive livestock facilities represent substantial capital improvement. These structures enable immediate operations across equine, agricultural, livestock, or wildlife applications. The property carries Bastrop County's agricultural exemption, a meaningful advantage for carrying costs. Current hay production leasing provides ongoing income while the land appreciates.
The versatility matters more than any single use. Ranchers find operational readiness. Developers see acreage with road and river frontage in a county experiencing measurable growth. Equine operators gain established facilities. Wildlife or sanctuary operators inherit developed infrastructure. Agricultural investors benefit from existing exemption status and proven production history.
Location adds the final dimension. Smithville anchors the property just 1.2 miles from downtown's growing revival, while Bastrop's technology corridor sits within reasonable commute distance. The Austin metropolitan pull remains undeniable at 32 miles to the airport, yet the Smithville positioning captures Bastrop County's more affordable land economics before major development pressure arrives.
This isn't speculative land waiting for improvement. It's operational acreage with water frontage, visibility, and infrastructure that works today while holding significant future value as Central Texas development moves eastward along Highway 71.
Verified property facts
531 Highway 71 is listed at $6,522,260 with 0 bedrooms, 152.65-acre lot. This places it above the ZIP 78957 single-family closed-sale median price of $900,000 (ZIP 78957 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 1, 2026).
531 Highway 71 is a Commercial Sale built in 1987 featuring 0 bedrooms, 152.65-acre lot.
531 Highway 71 is listed by TX Brokers. 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.
The most recent annual property tax for 531 Highway 71 is $12,162. 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.
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Every recorded listing, sale, and lease at 531 Highway 71, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.

20% ($1.3M)
Adjustable assumption - not a lending recommendation.
$6,522,260
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List price
$6,522,260
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
258 days
Original to current
No verified reduction
$6.5M 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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This page does not assume a mortgage rate or publish a monthly payment for 531 Highway 71. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 1, 2026, 531 Highway 71 is offered at $6,522,260. The current MLS snapshot shows 71 active listings in 78957.
531 Highway 71 was built in 1987 (39 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
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