Investment Property: Livestock Ranch or Development Site in Texas
May 13th, 2014 | by admin
A 785-acre Hill Country ranch on Highway 195 near Florence in Williamson County offers ranch and development opportunities. Listed for $$5,344,800. Photos / Briggs Freeman Sotheby’s International Realty
With its diverse and growing economy, the capital area presents many great investment opportunities, including a 785-acre Hill Country ranch on Highway 195 near Florence in Williamson County. Just an hour north of the state capitol, the ranch features rolling pastures and an abundance of live oaks.
The property could be used as a working ranch for cattle and horses. It also has thick cover for deer and turkey hunting.
Or, because of its great location and road frontage, this ranch would be an exceptional development opportunity. The seller will consider dividing the land for smaller ranch properties or a residential subdivision. The ranch at 0 Highway 195 in Florence is being offered for $5,344,800.
In Travis and surrounding counties, the economic growth rate is at 4 percent this year, higher than anywhere else in the state, according to the Real Estate Center at Texas A&M University. With its appeal to generations of Texans and companies and individuals relocating from California, Austin has been growing rapidly, particularly to the north and west into the scenic Hill Country. Demand for land throughout the Austin area has sent values skyrocketing, making 2014 a great time to pursue investments in the path of this strong growth pattern.
For more luxury homes, see briggsfreeman.com. Click here to see the latest in real estate news. CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with six offices in Dallas, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.