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$17,500,000 Just Listed
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Property Description
Beyond a private gated entrance, Martin Ranch unfolds as one of the finest legacy properties in the Texas Hill Country. Encompassing 225± pristine acres just minutes north of Marble Falls, this extraordinary estate offers a rare blend of luxury, privacy, recreation, and agricultural productivity. The centerpiece is a beautiful 7,466± square foot Texas-Tuscan residence featuring four bedrooms, four ensuite baths, and two guest baths. Across the courtyard, a 1,788± square foot casita with full kitchen creates a resort-style compound centered around a pool and spa. Inside, timeless craftsmanship shines through thick plaster walls, Mexican tile, custom ironwork, an imported Indonesian carved fireplace, wood-burning fireplaces, dramatic chandeliers, and a chef's kitchen equipped with Sub-Zero and Wolf appliances. Walled courtyards, rock accents, buried utilities, and pipe fencing preserve breathtaking Hill Country views in every direction. Additional improvements include a climate-controlled barn with office, workout room, kitchenette, fire pit gathering area, scenic overlook, and stocked tanks perfect for fishing. Water is abundant with 11 fully manifolded wells, three stocked ponds, and water troughs throughout the ranch. Approximately 111± acres of Coastal Bermuda hay production operate under an active agricultural exemption. Native whitetail deer, turkey, dove, and bass provide exceptional year-round recreation. Offered with negotiable furnishings and a world-class Texas Longhorn herd.
Full Property Details
Full Property Details for 4554 Cr 120
General
- Price: $17,500,000
- Status: Active
- Type: Farm
- Source: Highland_Lakes_MLS
- MLS ID: 178179
- Updated: 6/3/2026
- Added to Site: 3 day(s) ago
Business
- Misc. Information: Fireplace, Security System, Sprinkler System, Swimming Pool
Interior
- Appliances: Ice Maker, Gas Range, Built-In Refrigerator
- Flooring: Saltillo
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 5
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Location
- County: Burnet
- Subdivision: None
- Driving Directions: Drive north on Highway 281 from Marble Falls. Turn left on Fairland Rd (CR 120). Property has large rock entrance on the right.
School Information
- High School District: Marble Falls
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Water: Well
Structural Information
- Construction: Other, Stone
- Foundation: Slab
- Roof: Tile
- Square Feet: 9,254
- Sq. Ft. Source: Plans
- Living Area: 9,254 Sq. Ft.
- Year Built: 2008
Unit Information
- Residential Units: 2
Lot Features
- Property View: Hill Country, Lake, Panoramic
- Lot Size (Acres): 225
- Frontage: County Road
- Fence: Yes
- Lot Description: Cleared, Rolling, View
- Fencing (Description): Pipe, Perimeter, Completely Fenced
Water Features
- Water View: Yes
- Water Front View: No
Green Features
- Energy Efficient: Ceiling Fan(s), Windows
Financial Considerations
- Price Per Sq. Ft.: $77,777.78
Disclosures and Reports
- Legal Description: Abs A0536 Geo. C. Lucas, Tract Abst 394 Jacob Harrell, 119.21 Acres & Abs A0536 Geo. C. Lucas, 106.6
- Property ID: 70598
Listed by Legacy Broker Group, Krista Upham and Legacy Broker Group, Richmond Frasier
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Price & Sales History for 4554 Cr 120
Date
Details
Price
Change
Source
6/01/2026
Listed
$17,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4554 Cr 120
Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,641
-21%
$2,214,339
-29%
2024
$26,233
31%
$3,107,711
6%
2023
$20,092
-21%
$2,919,760
63%
2022
$25,299
4%
$1,790,220
15%
2021
$24,438
-5%
$1,563,277
—
2020
$25,686
2%
$1,564,277
3%
2019
$25,157
1%
$1,516,797
6%
2018
$24,953
—
$1,428,016
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4554 Cr 120
Want to learn more about 4554 Cr 120? Do you have questions about finding other Farm real estate for sale in Marble Falls? You can browse all Marble Falls real estate or contact a Coldwell Banker agent to request more information.

