Nestled just beyond the city limits of Kerrville, this sprawling 138-acre ranch is a unique blend of historic charm and modern luxury. The property boasts a newly constructed, state-of-the-art luxury steel-frame home that exudes contemporary elegance and functionality. There is a large outdoor entertainment area, with a double negative edge pool, overlooking a lake. Perfectly complementing this modern residence are two additional homes steeped in history. One is a large, character-filled home expanded from an original historic rock cabin, brimming with potential for a remarkable restoration. The second is an older home with endless opportunities to be transformed back to its former glory. A truly captivating feature of this ranch is the spring-fed Third Creek, which winds gracefully through the property. This year-round water source not only adds to the serene beauty of the land but also serves as a natural division, creating two expansive grass pastures ideal for grazing livestock and horses. With its fertile soil and abundant water supply, the ranch is well-suited for agricultural pursuits, equestrian enthusiasts, or would make a great residential development or an outstanding winery due to its close proximity to the Fredericksburg wine trail! Whether youre seeking a luxurious retreat, a working ranch, or a project to restore historic homes, this property offers the perfect canvas. Its location just minutes from Kerrville ensures easy access to modern conveniences, while the vast open spaces provide a peaceful escape into Hill Country living.