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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
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.
Property Type
Land
Lot Size
98.62 acres
Listed by Land Unlimited
Verified property facts
8519 State Park Rd is zoned for Lockhart ISD with assigned schools: Clear Fork (8/10) (elementary), Lockhart (middle), Lockhart (6/10) (high). School assignments should be verified directly with the district.
8519 State Park Rd is in Downtown Austin, Austin, Texas. See the full [Downtown Austin neighborhood guide](/neighborhoods/downtown-austin) for market data, schools, and lifestyle details.
8519 State Park Rd 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 ($860,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 8519 State Park Rd is around $30,195 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.
25+ years advising buyers and sellers in this community
Property Details
Lot Features
Listing timeline with current price, original ask, and market time.
Lockhart 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. Ratings from GreatSchools.org.
20% ($860K)
$4,300,000
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$4,300,000
Price per sqft
Not available
Vs. Downtown Austin median
+391.4%
$875K median
Days on market
61 days
Original to current
$200K reduction
$4.5M original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 391% above the Downtown Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 1, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $4,300,000, 8519 State Park Rd is in the Downtown Austin market where there are currently 106 active listings in 78644. For a detailed market analysis, see our [Downtown Austin guide](/neighborhoods/downtown-austin).
8519 State Park Rd sits on a 98.62-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 Lockhart ISD in the 78644 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)
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.
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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