57+ acre Legacy Ranch encircled 360° by protected Greenbelt located in the Heart of San Marcos. Ideal for land-hold investment, custom home site development, one-of-a-kind estate home lots encircled by parkland, multi-generation family compound, or preservation. Rare opportunity in the heart of San Marcos off Craddock Ave. Agricultural exemption for low taxes and low carry cost. Property has 2 long-term tenants that cover taxes and ranch management. Ranch features 2 simple homes (2bed/1bath each), multiple out-buildings, cattle chutes, fencing, and stock tank. The landscape features a combination of wide-open pastures, mature woodlands and wet-weather creeks. Great drone footage of this beautiful Ranch on the virtual tour! Comprehensive Site Investigation Report by Mahoney Engineering, Phase 1 Environmental Study, and recent ALTA survey available. This 57+ acre parcel lends itself to low density development such as one-of-a-kind estate home lots on acreage. Potential lot yield could be between 15-25 lots. Factors suggesting low-intensity development are FD zoning classification, seasonal creek that bisects the property, floodplain constraints, Edwards Aquifer Recharge Zone, and lack of street frontage. Property lies within San Marcos full-purpose jurisdiction. Preliminary Plat Proposal from Mahoney Engineering available. This 57+ acre Gem is located in the middle of protected Greenbelt parkland inside San Marcos which protect the value for long-term investment. Rare development opportunity. Secondary address is 1661 Valencia Way. Access is via private easement through the park. Contact listing agent with questions or to schedule a showing. (Hays CAD PIDs R18829 / R85397). Also listed as Austin MLS 4937843 & 3510293 and CTX MLS 582355 & 583314.