The Olney Ranch is well located just 4.7 m. north of Burnet with 1800' of paved CR 112 frontage. The main entrance leads directly to the primary horse barn and main house while a secondary entrance services the covered arena, cattle pens & shop. Improvements include a well-built, 4300 sqft 4 bed/4 bath rock home w/ metal roof with hill country views. New pool, hot tub, outdoor kitchen and firepit create an ideal entertaining. The main horse barn is approximately 5600 sqft. with pipe top rail stalls, a large concrete floored pull-in feed storage area, a wash bay and a tack room. Nearby is a Priefert panel horse walker and a round pen. Awesome 30,000 sqft covered riding arena designed and utilized for cutting, roping and horse training complete with announcers stand, concession stand, restrooms, an automatic chute and an overhead sprinkler system to maintain perfect footing. Constructed from concrete, pipe & built to last. Behind the arena & stripping chute are several cattle pens w/ squeeze chute and loading ramp. With no restriction against commercial activity, this facility is ready to host your next event. The bulk of the ranch's 127 acres has a gentle roll with good grass cover & large groves of healthy hardwoods incuding Live Oak, Cedar Elm and Pecan. 3400' of both sides of seasonal Russell Fork of the San Gabriel River. Wildlife includes deer, turkey, wild hogs, varmits & dove. A strong sub pump water well provides ample water to the improvements and water troughs located throughout the property. In addition to the well there is a stock tank in the north part of the ranch that provides water to cattle and wildlife. If you are looking for an unrestricted working/recreational ranch with great improvements in a highly desirable hill country location look no further than the Olney Ranch.Seller to convey all owned minerals. Ag Exempt Tax Status. New survey available. This property is co-listed by John Lynd w/ Bluestem Ranch Group and David O. Faust, Broker.