The Olney Ranch is well located just 4.7 miles north of Burnet with over 1800 ft of paved County Road 112 frontage. The main entrance leads directly to the primary horse barn and main house while a secondary entrance services the covered arena, cattle handling facilities and equipment shop. Improvements include a well-built, 4300 sqft 4 bedroom 4 bath home constructed of limestone and a metal roof. This home is situated on a ridgeline offering views over most of the ranch's acreage and beyond. A recently added pool, hot tub, outdoor kitchen and firepit to the back of the house create an ideal entertaining area along with a front row seat to scenic views across the pasture. 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. Just off the tack room is a Priefert panel horse walker and a round pen. Near the horse barn and Preifert walker is a 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 spinkler system to maintain perfect footing. The arena is constructed from concrete and pipe and built to last. Directly behind the arena stripping chute are several cattle pens as well as a 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 and large groves of healthy hardwoods incuding Live Oak, Cedar Elm and Pecan. Bisecting the ranch is over 3400 feet of both sides of seasonal Russell Fork of the San Gabriel River. Wildlife is abundant and includes whitetail deer, turkey, wild hogs, varmits and dove. A strong submersible pump water well provides ample water to the structural 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 Co-listed with David O. Faust, Broker