5 Landmark Texas Ranches and Waterfront Estates from Granbury to San Antonio

Set on rolling native grass ranchland in Hood County, the Milburn Ranch is defined by its scale, its topography, and its access. Positioned along Monroe Highway with an additional entrance on Milburn Road, it sits about 20 minutes south of Weatherford and Granbury and roughly 10 minutes to Cresson, with quick access to Fort Worth via Hwy 377. A seasonal creek threads through the property, flowing over limestone rock most seasons, while the hilltops open to long vistas that stretch across the surrounding landscape. Existing improvements include a small farmhouse, a barn, pens, and a water well, supporting everyday ranch routines without distracting from the land itself. With all mineral and executive rights intact, the setting invites big-sky mornings and unhurried evenings shaped by the terrain.

Set on a sweeping stretch of the Texas Hill Country in Lampasas County, Miller Creek Ranch unfolds as a legacy holding shaped by water and open land. Miller Creek winds through the property, joined by multiple ponds and an approximately 2-acre stocked fishing lake that anchors days outdoors. The ranch is outfitted for both recreation and retreat, with a camp house that includes a bathroom, kitchenette, and heat and air—an easy basecamp after a long day outside. A metal barn and a water well add practical infrastructure for ongoing use and stewardship. Whether envisioned as a premier hunting and recreational ranch, a private family retreat, a future homesite, or a development opportunity, the setting invites a slower rhythm—morning walks along the creek and evenings spent beside the water.

Set on the rolling Leon River valley of Coryell County, Shipley River Ranch reads like a true Texas legacy—held by the same family for nearly 100 years. A deep, flowing stretch of the Leon River anchors the landscape, supported by seasonal creeks and stock tanks that provide water for wildlife and livestock. The land has been carefully manicured over time, with established grazing pastures, 120 acres of planted cropland, and a network of ATV trails that invites long afternoons outdoors. Coastal pastures are dotted with large Pecan and Live Oak trees, while a piece of local history remains in the form of an old rock stagecoach stop—and the simple pleasure of excellent arrowhead hunting. A paved drive off Highway 36 arrives at a 7,022 SF home designed for living and entertainment, where ranch days can unfold with ease.

Along the water’s edge on Lake LBJ, 120 Applehead Island Dr. unfolds as a Mediterranean-inspired estate framed by panoramic open-water views within the exclusive gates of Applehead Island. Arched passageways, stone columns, and hand-hewn beams lend warmth and timeless character to expansive living spaces designed for gathering and entertaining. The multi-level plan supports easy hosting, with a private primary retreat, guest suites, bunk accommodations, and dedicated office spaces, plus a game room and media room for relaxed evenings in. Outdoors, covered patios and lakeside terraces look over a resort-style pool with spa and waterfall, anchored by an outdoor fireplace for cooler nights. A private boat slip provides immediate access to the constant-level waters of Lake LBJ, shaping days around the lake.

Originally built in 1939 for the developer of Terrell Hills, this Atlee B. Ayres–designed Spanish Revival estate rises from nearly an acre (.9 acres) of open grounds and gated courtyards in San Antonio. Perched on a hilltop in one of the city’s most desirable neighborhoods, the residence balances architectural pedigree with spaces meant for both everyday ease and grand entertaining. Wrap-around interior porches—finished with intricate wood designs—frame the informal living areas, while a formal living room adds classic presence. A dramatic entryway sets the tone with high, detailed ceilings, crown moldings, and a solid wood staircase. Throughout, arched doorways and windows invite abundant natural light, complemented by a domed plaster ceiling, original concrete tile flooring, and Malou Flato hand-painted tiles. A three-car garage includes a walk-in refrigerator and freezer, extending the home’s rare, legacy-level practicality.