— bed, — bath on 98.62 acres in Lockhart. Lockhart, TX 78644. $3,900,000.
About This Home
Rare multi-use 98-acre ranch and event property located on State Park Road just minutes from Lockhart and 30 minutes from Austin. The property features a massive covered pavilion approximately 257’ x 237’ that was originally built for bull riding and rodeo events, along with an attached 100’ x 100’ insulated building with plumbing that is ideal for concessions, offices, or event space. Improvements include two homes, a 40’ x 50’ storage building, five electric meters, one water meter, and three septic systems. The ranch is fully fenced and cross fenced with horse pasture, cattle areas, stock tanks, mature trees, ATV trails, hunting areas, and scenic views. A second entrance allows for event access, trailers, equipment, or the ability to separate business and residential use. This property offers potential for a rodeo arena, event venue, wedding venue, concert venue, corporate retreat, livestock operation, or private ranch, all in a prime location near Lockhart and within commuting distance to Austin.
The 98.622-acre ranch at 8519 State Park Road in Lockhart offers something increasingly rare in the Texas Hill Country: genuine privacy paired with serious operational flexibility. Located just minutes from downtown Lockhart and 30 minutes from Austin via State Park Road, this property sits far enough removed from traffic patterns to feel genuinely secluded, yet close enough to capitalize on the region's growing demand for event and hospitality spaces.
The estate's infrastructure tells the story of thoughtful, large-scale development. A 257-foot by 237-foot covered pavilion anchors the property, originally engineered for professional rodeo events. Adjacent to it stands a 100-foot by 100-foot insulated building equipped with plumbing, positioned to serve as concessions, offices, or additional event space. Two residences on the property provide flexibility for owner occupancy and staff or guest housing. A separate 40-foot by 50-foot storage building accommodates equipment. Five electric meters and three septic systems indicate the infrastructure was built to handle both residential and commercial operations simultaneously. A second entrance ensures event traffic and equipment movement remain completely separate from residential areas, a detail that matters significantly for anyone operating a working ranch or event venue.
The land itself is properly configured for livestock and recreation. Fully fenced with cross-fencing, the acreage includes established pasture areas, cattle zones, multiple stock tanks, and mature tree cover that provides natural screening and shade. ATV trails and designated hunting areas suggest the previous owners understood the value of land for multiple purposes. Scenic views across the property add appeal for anyone considering hospitality use.
This dual-purpose setup eliminates the typical compromise between privacy and income generation. An owner can maintain a completely private residential compound while operating an event venue, corporate retreat space, or agricultural business on the same property, with infrastructure designed to keep those uses entirely separate. The Lockhart location puts the property within the Lockhart Independent School District boundary, and the proximity to Austin makes it accessible for weekend events without requiring a second property. For buyers seeking substantial acreage near Austin with proven improvements and operational ready infrastructure, 8519 State Park Road represents straightforward utility dressed in privacy.
The numbers behind this insight
- Offered at
- $3,900,000
- Listed
- April 2, 2026
- Price changes
- Reduced, down 13.3% from $4,500,000
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $737 per sq ft over the trailing 12 months (185 sales), as of October 21, 2026.
- Property Type
- Commercial Sale
- Lot Size
- 98.62 acres
Listing information last updated September 25, 2026.
Listed by Land Unlimited
MLS# 4257331 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Lot Size
- 98.62 Acres
- Open
Financial
- Original List Price
- $4,500,000
Utilities
- Electricity Available
- Water Available
- Water Source
- Public
- Sewer
- Septic Tank
Transaction History
3 records on file
Every recorded listing, sale, and lease at 8519 State Park RD, whoever represented it.
- ActiveListed 2026Current price: $3,900,000Original list: $4,500,000MLS 9425256
- Listed · April 1, 2026$4,500,000
- Price changed · May 22, 2026$4,300,000
- Price changed · July 2, 2026$3,900,000
- ActiveListed 2026Current price: $3,900,000Original list: $4,500,000MLS 8544437
- Listed · April 2, 2026$4,500,000
- Price changed · May 22, 2026$4,300,000
- Price changed · July 2, 2026$3,900,000
- ActiveListed 2026Current price: $3,900,000Original list: $4,500,000MLS 4257331
- Listed · April 2, 2026$4,500,000
- Price changed · May 22, 2026$4,300,000
- Price changed · July 2, 2026$3,900,000
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
- $3,900,000
- Original list
- $4,500,000
- Price movement
- $600K reduction
- Listed / DOM
- Apr 2, 2026 · 202 days
20% ($780K)
Adjustable assumption - not a lending recommendation.
$3,900,000
Luxury property intelligence
Keenan Market Position
A sourced read on Lockhart pricing, timing, and property scale. No automated valuation claim.
List price
$3,900,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
202 days
Original to current
$600K reduction
$4.5M 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 8519 State Park Rd to the Austin Market
78644 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













