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$6,522,260 Just Listed
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Property Description
This exceptional 152 +/- acre farm and ranch property is ideally located in Smithville, Texas, offering a rare combination of highway visibility, Colorado River frontage, and extensive improvements. The property features over 1,000 feet of frontage along Highway 71, providing excellent visibility and accessibility. At the rear, approximately 1,300 feet of Colorado River frontage offers direct access for fishing, kayaking, swimming, or enjoying a choice river setting. The land is predominantly cleared with rolling terrain and includes a pond and a creek running through the property, creating a diverse and scenic landscape suitable for agricultural, equestrian, wildlife, outdoor recreational, or future development uses. Formerly home to Riverside Veterinary Hospital, the property is well improved with a 4,000-square-foot veterinary clinic building, two barns, and extensive cow pens and horse stalls, making it well suited for livestock operations, equine facilities, rehabilitation or sanctuary use, or adaptive commercial applications. The acreage has been leased for hay production and currently benefits from an agricultural exemption through Bastrop County, helping minimize carrying costs. This versatile property presents an outstanding opportunity for ranchers, investors, developers, or owner-operators seeking a strategic location with strong infrastructure, water features, and income-producing capability. Located between Austin and surrounding Central Texas markets, the property is approximately 32.5 miles from Austin-Bergstrom International Airport. With abundant road and river frontage and established improvements, this Smithville farm represents a rare offering. Just 1.2 miles from historic downtown Smithville and near Bastrop's growing technology corridor, the property offers a balance of small-town charm and proximity to major employment centers. As land values rise across Central Texas, Smithville remains an attractive and more affordable alternative.
Full Property Details
Full Property Details for 531 Hwy 71 W
General
- Price: $6,522,260
- Taxes: $12,162 (2025)
- Status: Active
- Type: Commercial
- Source: Austin_MLS
- MLS ID: 8550596
- Updated: 1/17/2026
- Added to Site: 2 day(s) ago
Rental Information
- Lease Info: Ground Lease
Interior
- Flooring: Concrete
Rooms
Other Rooms
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup
Parking
- Total Spaces: 5
- Parking Features: Driveway, Open
Location
- Area: SV
- County: Bastrop
- Subdivision: Decrow, Thomas
- Driving Directions: From Smithville, north west on 71 to the address, GPS is correct.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Heat Pump
Utilities
- Sewer: Septic Tank
- Water: Well
- Well: Yes
- Utility Description: Electricity Connected
Structural Information
- # Buildings: 4
- Detached/Attached: Detached
- Construction: Metal Siding
- Stories/Levels: 2
- Square Feet: 4,000
- Sq. Ft. Source: Owner
- Current Bldg. Use: Agricultural, Horses, Livestock, Pasture, Recreational
- Year Built: 1987
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: Barn(s), Bathroom, Corral(s), Kennel/Dog Run, Shed(s), See Remarks
Lot Features
- Property View: Pond, Pasture, River, Creek/Stream, Trees/Woods, Water
- Lot Size (Acres): 152.648
- Lot Size (Sq. Ft.): 6,649,346.88
Water Features
- Water View: Yes
Financial Considerations
- Operating Expenses: $12,162.32
- Assessment Amount: $593,988
- Tax Amount: $12,162.32
- Tax Year: 2025
- Terms: Cash, Conventional, Owner May Carry
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Deed Restriction, Survey
- Multiple Parcels: Yes
- Legal Description: A27 DECROW, THOMAS, ACRES 141.790 (RIVERSIDE VETERINARY HOSPITAL BUILDINGS ONLY ) LOCATED ON R17582
- Disclosures/Reports: Seller Disclosure
- Property ID: 70345
Listed by TX Brokers
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Schools
Schools serving 531 Hwy 71 W
School District:Smithville Independent School District
| Name | Grades | Distance |
|---|---|---|
Smithville Elementary School 800 Bishop Street, Smithville, TX 78957 | 3-5 | 2.4 mi |
Brown Primary School 403 Southwest 4th Street, Smithville, TX 78957 | PK-2 | 2.5 mi |
Smithville J High School 287 State Highway 95, Smithville, TX 78957 | 6-8 | 3 mi |
Smithville High School 285 State Highway 95, Smithville, TX 78957 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 531 Hwy 71 W
Date
Details
Price
Change
Source
1/16/2026
Listed
$6,522,260
—
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 531 Hwy 71 W
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,991
-3%
$593,988
—
2023
$8,264
100%
$593,988
-2%
2022
100%
$607,129
-15%
2022
100%
$711,692
14%
2021
-100%
$625,839
8%
2020
$10,802
8%
$577,592
11%
2019
$10,015
—
$522,083
1%
2019
$10,015
20%
$518,088
23%
2017
$8,336
5%
$421,056
—
2016
$7,929
-6%
$419,754
—
2014
$8,475
—
$419,754
—
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 531 Hwy 71 W
531 Highway 71 W, Smithville, TX 78957 (MLS# 8550596) is a Commercial property. 531 Highway 71 W is currently listed for $6,522,260 and was received on January 16, 2026. Want to learn more about 531 Highway 71 W? Do you have questions about finding other Commercial real estate for sale in Smithville? You can browse all Smithville real estate or contact a Coldwell Banker agent to request more information.

