




$4,300,000
8519 State Park Road, Lockhart, TX, 78644
About this property
Rare multi-use 98-acre ranch and event property located on State Park Road just minutes from Lockhart and 30 minutes from Austin. The property features a massive covered pavilion approximately 257’ x 237’ that was originally built for bull riding and rodeo events, along with an attached 100’ x 100’ insulated building with plumbing that is ideal for concessions, offices, or event space. Improvements include two homes, a 40’ x 50’ storage building, five electric meters, one water meter, and three septic systems. The ranch is fully fenced and cross fenced with horse pasture, cattle areas, stock tanks, mature trees, ATV trails, hunting areas, and scenic views. A second entrance allows for event access, trailers, equipment, or the ability to separate business and residential use. This property offers potential for a rodeo arena, event venue, wedding venue, concert venue, corporate retreat, livestock operation, or private ranch, all in a prime location near Lockhart and within commuting distance to Austin.
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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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