




$750,000
480 Grandpa Rd, Lockhart, TX, 78644
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About this property
Tucked away on 36.86 acres in Lockhart, Texas, this versatile multi-generational homestead property offers exceptional flexibility with over $250,000 in upgrades and four separate structures, making it ideal for homesteading, livestock, rental income, or a private rural retreat just outside of Austin. The property features a 2,061 sq ft manufactured home, only 2 years old, with 4 bedrooms and 2 bathrooms, along with a 40' x 20' covered outdoor kitchen designed for entertaining and everyday country living. A 1,200 sq ft workshop includes heating and cooling, foam insulation, a commercial sink, and a full bath, offering the perfect setup for a business, hobby space, or equipment storage. Additional living spaces include a 1940-built cabin with 1.5 bedrooms and a full bath, as well as a newer duplex with two units, each equipped with kitchen facilities, full bath, and washer and dryer connections, providing excellent potential for guest housing, rental income, or multi-family living. The land is thoughtfully improved with cross fencing for livestock, a corral, open pasture, mature trees, and a fishing pond, supporting a true Texas homestead lifestyle. Wildlife such as deer, dove, turkey, and hogs are commonly seen across the property. A quarter-mile crushed concrete road, multiple water outlets, and an 8-car carport add convenience and functionality. This rare acreage property combines privacy, infrastructure, and income potential in one unique offering in growing Lockhart, Texas.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Lockhart
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