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$3,995,000

5818 Ranch Road 165 Tract 1, Blanco, TX, 78606

On MarketInfo
CommercialInfo
Baths7,905 Sq Ft
Mixed UseMixed Use
price_per_sqft$505.38 / sqft
Year BuiltBuilt in 2001

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 7Bathrooms Half 7
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
FlooringConcrete, Tile, Wood

Exterior

Lot Size53.62 acres

Building Information

Year Built2001

Land Information

APNR8805
SubdivisionAbs A0702 Survey 43 M.J. Jones
Land UseCommercial
Legal DescriptionABS A0702 SURVEY 43 M.J. JONES,ACRES 53.6247
Census Tract950201
Assessed Land Value$80,010
Assessed Improvement Value$1,653,540
Assessment Year2025

About this property

For those looking to create a boutique hospitality property, retreat destination, wedding venue, or private multi-generational compound, this 26-acre offering represents the core of Mystic Sky Ranch, with infrastructure already in place. The property is part of a 53.62-acre offering, available individually or in combination. 26-acre compound with over 10,000 SF across multiple structures $4,175,000 Additional 28-acre tract $1,092,000 53.62-acre compound (full offering) $5,267,000 Organized as a collection of purpose-built structures, the property is designed to function as a compound rather than a single residence. The improvements include a main residence by David Webber of Webber + Studio, four detached guest casitas, a dining hall with commercial kitchen, an event barn, and a pool pavilion with kitchen and bath. Each structure serves a distinct role, allowing the property to operate in multiple ways. It can function as a private residence with guest accommodations or as a short-term rental, bed and breakfast, wellness retreat, or event venue. The infrastructure to support both private use and business operations is already established. The layout separates living, hosting, and guest spaces across the land. The main residence anchors daily living, while the casitas provide privacy for guests. The dining hall and event barn support larger gatherings with a commercial-grade kitchen and spaces designed for scale. Spanning 26 acres of rolling Hill Country terrain, the land features heritage oaks, open pasture, and outdoor spaces that connect each structure while maintaining privacy. As the central portion of Mystic Sky Ranch, this offering can stand alone or be combined with the adjacent 28-acre tract to create a 53.62-acre holding. Located in the Dripping Springs area, the property offers access to Austin while maintaining space and flexibility rarely found at this scale.

Investor Tools

$2,738,891Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$23,970 /month
Positive
Cash Flow Estimate:
$7,990 /month

Interested in this property?

Bridget Ramey

Kuper Sotheby's Int'l Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,672/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$23,393
$1,733,550
2025
$80,010
$1,653,540
$3,901,860
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$23,393
$1,733,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frontier Bank Of Texas
Purchase Money Mortgage
$3,040,000
No
First
Jun 1, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,738,891
N/A
0%
158%
$18,227/mo

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.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Blanco

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