Smith Ranch Sold In Downtown Austin, TX For $42 Million With Brokers Luke Smith & Stieler Harris
Smith Ranch
Building Size
—
Asset Type
Farm
Closing
Sep 29, 2026
About this deal
AI
Smith Ranch is a 2,894-acre ranch located in the Texas Hill Country, spanning Burnet and Lampasas counties. The property features two private lakes, 12 miles of creeks, extensive wildlife, two airstrips, a lodge, an entertainment barn, a guest house, hunting facilities, and shooting ranges. It was listed for $42 million and sold in less than six months, though the final sale price was not disclosed.
Summary of transaction details:
- Property Type: Ranch
- Transaction Amount: Not disclosed
- Address: Smith Ranch
- Market: Downtown Austin, TX
- Acreage: 2,894
- Brokers: Luke Smith & Stieler Harris - TX Real Estate
Luke Smith and Stieler Harris represented the transaction for the sale of Smith Ranch. Their efforts contributed to the property being sold relatively quickly after listing, reflecting effective marketing strategies in the competitive Downtown Austin real estate market.
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Farm
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93