57+ acre Legacy Ranch encircled by protected Greenbelt! Ideal for investment, custom home sites or preservation. Rare opportunity in the heart of San Marcos. 1750 Craddock Ranch offers a unique opportunity to own a piece of Central Texas Hill Country surrounded on ALL sides by Purgatory Creek Natural Area. This protected greenbelt is part of the larger San Marcos Greenbelt Alliance trail system and ensures the property will maintain its natural charm for years to come. Ranch features 2 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! Ag-exemption allow for exceptionally low taxes and low cost of ownership. Property has 2 long-term tenants to cover taxes and ranch management. Civil Engineering report, environmental study, and recent ALTA survey are available in the documents section. A comprehensive Site Investigation Report by Mahoney Engineering outlines the feasibility of development. Development density is limited by the lack of street frontage, seasonal creek that bisects the property, recharge zone and low-intensity FD zoning classification. The property lies within the full-purpose jurisdiction of the City of San Marcos. Mahoney Engineering Development Proposal is in Documents. Long-term development potential would require significant investment into infrastructure and the entitlement processes. As such, this property is best suited for buyers looking to preserve natural beauty, invest in a long-term land-hold, and/or create a one-of-a-kind private homesteads that are encircled by protected Greenbelt. Secondary address is 1661 Valencia Way. Access is via private easement through 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.