This ±30-acre property near Lockhart presents a strong opportunity for investors or owner-users seeking a versatile, income-producing asset in a high-growth Central Texas corridor. Located less than 10 minutes from Lockhart and the San Marcos River, and approximately 30 minutes from Austin, the property offers both immediate cash flow and long-term upside. The property features a 3-bedroom, 2-bath brick home that is currently tenant-occupied, providing consistent income while allowing flexibility for future use. Whether maintained as a long-term rental, converted to short-term rental, or utilized as an owner residence, the existing improvements support multiple strategies. The land is partially cleared and fully fenced, with a functional layout suitable for agricultural, recreational, or residential use. A large pond and scattered oak trees enhance both usability and aesthetic appeal, while additional structures provide space for equipment storage, livestock, or future expansion. With no restrictions and utilities already in place, the property is well-positioned for a variety of uses including a private ranch, equestrian property, RV park, short-term rental concept, or weekend retreat. Its proximity to San Marcos and surrounding growth further supports its potential as a long-term investment or development play. This offering combines current income, flexible use, and a strategic location—making it a compelling opportunity in one of Central Texas’ most active and expanding markets.