




5501 Old Colony Line Rd, Lockhart, TX, 78644
About This Home
Positioned in a desirable Caldwell County corridor with strong regional connectivity and meaningful scale, this 167 +/- acre offering presents an exceptional opportunity for developers, investors, land bankers, or buyers seeking a property with both immediate utility and long-term upside. Combining county road frontage with multiple access points, existing infrastructure, improvements, water features, and agricultural valuation, the property offers flexibility across a wide range of future development and investment strategies. Access is established through a private gated entrance and supported by multiple entry locations along county road frontage, creating optionality for future planning, phased development, subdivision concepts, or continued ranch ownership. The property benefits from existing utility infrastructure including water service through Martindale Water Supply Corporation with water line and meter already in place, along with onsite power serviced by Bluebonnet Electric Cooperative. The landscape offers a balanced mix of open grazing areas, mature hardwoods, native brush, and tall grasses that create both visual appeal and practical usability. A large approximately 2-acre pond, along with multiple additional ponds throughout the property, enhances aesthetics, livestock functionality, and long-term recreational value while contributing to attractive homesite placement opportunities across the ranch. Existing improvements add immediate functionality and reduce the effort required to begin using or planning the property. A rustic-style residence with covered outdoor living areas provides a comfortable ranch headquarters or interim occupancy, while the accompanying barn-style structure offers flexible utility for equipment storage, workshop space, operational use, or adaptive future conversion. Additional livestock improvements support current agricultural operations and reinforce the property's cattle-ready status. Currently benefiting from agricultural exemption for extremely low annual carrying costs, the ranch offers an attractive holding profile while preserving future flexibility. Abundant wildlife, numerous potential homesites, existing infrastructure, and strategic location position this property as a compelling opportunity for investment, development consideration, recreational ownership, or long-term land appreciation. Conveniently located approximately 8 +/- miles from Lockhart and Highway 183, 25 +/- miles from San Marcos, and within approximately 55 +/- miles of both Austin and San Antonio, this property sits within reach of some of Central Texas strongest continuing growth markets. 167 +/- Acres in Caldwell County Developer or subdivision / investment potential County road frontage with multiple entry points Private gated entrance driveway Water line and meter in place serviced by Martindale WSC Power onsite serviced by Bluebonnet Electric Coop Ag exempt for extremely low annual tax rates Large 2 acre pond Multiple ponds House Barndo Livestock barn Large oak trees and brush with tall grasses Cattle ready Wildlife abundant Numerous homesite potential 8 +/- miles from Lockhart and HWY 183 25 +/- miles from San Marcos 55 +/- miles from Austin & San Antonio
Getting Around
Schools
Construction
Type & Style
- Home type: SingleFamily
- Property subType: Farm
Property
Details
- Parcel number: 15523
- Other equipment: Small Tanks
Lot
- Lot size: 167 Acres
- Features: Agricultural
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Hail
- Lightning
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Drought
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $32,088 | $385,056 |
| Home Insurance * | $4,454 | $53,448 |
| Property Taxes | $1,293 | $15,516 |
| Electricity | $238 | $2,859 |
| Total | $38,073 | $456,876 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-11 | Listed for sale | $6,346,000 |
| 2025-12-09 | Listing removed | $4,926,500 |
| 2025-04-28 | Price change | $4,926,500 |
| 2025-03-03 | Price change | $5,369,548 |
| 2024-10-18 | Price change | $5,678,000 |
| 2023-03-15 | Listed for sale | $5,250,000 |
| 2022-03-29 | Sold | -- |
| 2022-01-31 | Pending sale | $4,424,000 |
| 2022-01-20 | Contingent | $4,424,000 |
| 2022-01-20 | Pending sale | $4,424,000 |
| 2021-11-30 | Listed for sale | $4,424,000 |
