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$6,500,000
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Property Description
Smithwick Hills Ranch is located in the heart of the highly sought after Highland Lakes area just 10 minutes to Marble Falls, 20 minutes to Horseshoe Bay, 55 minutes to Downtown Austin, and 1 hour to Fredericksburg. The ranch is an ideal opportunity to buy a piece of the Texas Hill Country centrally located in of one of the fastest growing Regions in the State of Texas, just minutes from wineries, restaurants, state parks, lakes, boating, and more. The ranch is extremely versatile and would make a great full time ranch, recreational property, 1031 investment hold, hunting ranch, or potential development, offering 1 mile of FM 1431 frontage. An agricultural exemption is in place on the property. The Smithwick 220-acre site comes with a significant head start for developers - a November 2025 engineering study is already complete, outlining water infrastructure capacity across three build scenarios. Depending on waterline size, the property can support approximately 300 LUEs with a 6-inch line, 500 LUEs with an 8-inch line, or up to 1,400 LUEs with a 12-inch line. All configurations include a transmission main spanning 9,500 linear feet, a treatment plant, storage tanks, and a booster station. Water service would be provided by Texas Water Utilities, drawing from an LCRA surface water source. The ranch boasts stunning natural features from hill tops, valleys, bottom land with seasonal creeks lined with pecan trees, hills glazed with endless amounts of wildflowers through spring and summer. There are several hill tops on the ranch that would all make great build sites, offering a Buyer many options that capture the views and perfect orientation of the sunset. WATER: Seasonal creek, 2 small ponds, 4 water wells (10 gpm, 2 gpm, 1.5 gpm, and 1 gpm). IMPROVEMENTS: Old 3 bedroom 2 bath ranch house on the hill top, with a separate 2 car garage that could be converted into another living space.
Full Property Details
Full Property Details for 9738 E Fm 1431
General
- Price: $6,500,000
- Taxes: $2,500 (2024)
- Status: Active
- Type: Farm
- Source: Austin_MLS
- MLS ID: 3778233
- Updated: 3/6/2026
- Added to Site: 620 day(s) ago
Location
- Area: BU
- County: Burnet
- Subdivision: none
- Driving Directions: From Marble Falls take 1431 East, and go approximately 9.4 miles, and property will be on the left just passed the Smithwick Market.
School Information
- Elem School District: Marble Falls ISD
- Midd School District: Marble Falls ISD
- High School District: Marble Falls ISD
- Elementary School: Marble Falls
- Middle School: Marble Falls
- High School: Marble Falls
Utilities
- Utility Description: Electricity Connected, See Remarks, Water Available
Structural Information
- Detached/Attached: Detached
- Square Feet: 3,273
- Sq. Ft. Source: Public Records
- Living Area: 3,273 Sq. Ft.
- Year Built: 1900
- Year Built Source: Public Records
Additional Structures
- Other Structures: Barn(s), Bathroom, Residence
Lot Features
- Property View: Hills, Panoramic, Pond, Pasture, Trees/Woods, Water
- Lot Size (Acres): 220
- Lot Size (Sq. Ft.): 9,583,200
- Fence: Yes
- Lot Features: Sloped Down, Native Plants, Rolling Slope, Many Trees, Sloped Up, Trees Large Size, Trees Medium Size, Views
- Fencing (Description): Barbed Wire
Water Features
- Water View: Yes
- Water Front Desc.: Pond
Financial Considerations
- Assessment Amount: $348,002
- Tax Amount: $2,500
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Survey
- Multiple Parcels: Yes
- Legal Description: ABS A0012 JAMES C ABELL, 1.08 ACRES, ALSO PART OF S MERIDETH AB 1611 & H COCHEREN AB 182
- Disclosures/Reports: Seller Disclosure
- Property ID: 47331
Listed by Keller Williams Realty
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Schools
Schools serving 9738 E Fm 1431
School District:Marble Falls Independent School District
| Name | Grades | Distance |
|---|---|---|
Colt Elementary School 2200 Manzano Mile, Marble Falls, TX 78654 | PK-5 | 5.5 mi |
Marble Falls Middle School 1511 Pony Drive, Marble Falls, TX 78654 | 6-8 | 7.2 mi |
Marble Falls High School 2101 Mustang Drive, Marble Falls, TX 78654 | 9-12 | 5.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 9738 E Fm 1431
Date
Details
Price
Change
Source
12/15/2025
Price Increased
$6,500,000
8.42%
MLS
7/15/2025
Price Reduced
$5,995,000
-7.7%
MLS
7/26/2024
Listed
$6,495,000
—
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 9738 E Fm 1431
Year
Property Taxes
Change
Tax Assessment
Change
2024
$655
—
$64,340
29%
2024
$655
-9%
$49,890
-10%
2023
$718
-14%
$55,565
—
2022
$834
12%
$55,380
18%
2021
$743
-5%
$47,019
—
2020
$782
-1%
$47,019
—
2019
$789
-4%
$47,019
—
2018
$822
—
$47,019
—
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 9738 E Fm 1431
Want to learn more about 9738 E Fm 1431? 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.

