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Smith Ranch

Updated Sep 30, 2026

Smith Ranch Sold In Downtown Austin, TX For $42 Million With Brokers Luke Smith & Stieler Harris
SOLDFarm

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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Players

Luke Smith

TX Real Estate

Broker

$2.4M

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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

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