98 Acres with Covered Arena, Homes & Event Infrastructure Near Lockhart

If you’ve been searching for a Texas ranch that offers more than just land, this 98-acre property near Lockhart is a rare opportunity to own a truly versatile piece of Central Texas. Located on State Park Road and within approximately 30 minutes of Austin, this property combines lifestyle, functionality, and income-producing potential in a way that’s increasingly difficult to find. At the heart of the ranch is a massive covered arena measuring approximately 257’ x 237’, originally built for bull riding and rodeo events, offering a one-of-a-kind space for large gatherings, competitions, or entertainment use. Attached is a 100’ x 100’ insulated building with plumbing already in place, ideal for concessions, offices, storage, or conversion into an event or venue space. The property is fully equipped with two homes, a 40’ x 50’ storage building, multiple barns, five electric meters, one water meter, and three septic systems, providing the infrastructure needed for both residential and commercial use. The land is fenced and cross fenced with established horse pasture, cattle areas, stock tanks, mature trees, ATV trails, and hunting opportunities, along with scenic views throughout. A second entrance off a separate road allows for easy access for events, trailers, or equipment, and creates the ability to separate private living from business operations. Whether you envision a working ranch, equestrian property, event venue, or long-term investment, this property is already positioned to support it. Properties with this level of improvement, flexibility, and location are increasingly rare—especially this close to Lockhart and Austin—making this a unique opportunity to own a multi-use ranch with both immediate utility and long-term upside.