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Liquid gold

884-acre live-water Hill Country ranch hits the market at $21.4M

John Egan
Aug 10, 2026 | 4:15 pm

A large live-water ranch — a type of property with a constantly flowing creek, spring, or river running through or along it — is a rare find near Austin. One of these gems just came on the market in the Hill Country for $21.4 million.

Miller Creek Vista Ranch, loaded with Lone Star charm, comprises 844 acres near Johnson City. The picturesque property, about 30 miles west of Austin and roughly 15 miles west of Dripping Springs, is being sold as a whole or as two separate ranches. The ranch was established in 1950.

“Whether someone is looking to create a multigenerational family ranch, make a long-term land investment, or explore a visionary hospitality or residential project, Miller Creek Vista Ranch offers an opportunity that’s incredibly rare in today’s market,” says broker Louie Swope, owner of San Antonio-based West and Swope Ranches, which has the listing.

“The location, the water, and the landscape make it one of the most remarkable ranches we’ve had the opportunity to represent.”

The ranch features about 4,400 feet of frontage along each side of spring-fed Miller Creek, providing a reliable water supply for ranching as well as fishing, swimming, kayaking, and other water activities — and heightening its appeal as a getaway spot. Several seasonal tributaries wind through the property.

In addition to the live water source, the property offers fertile creek bottoms, mature live oak trees, native hardwood trees, native pastureland, and panoramic Hill Country views. Deer, turkeys, doves, and other wildlife inhabit the ranch.

“Complementing the land is a historic ranch headquarters with original ranch improvements that reflect decades of thoughtful stewardship while preserving the property’s authentic character,” the listing says. “An established network of ranch roads and trails provides excellent access throughout the ranch, making it easy to experience every corner of the property.”

The quaint ranch house, encompassing about 1,660 square feet and sitting beneath a canopy of live oaks, looks like it’d be right at home in a Taylor Sheridan show.

Unlike accommodations you may find at a splashier Texas ranch, the house includes just two bedrooms and one bathroom. Two quintessentially Texas touches: A weathered windmill towers above the house, and an equally weathered metal roof sits atop the house.

One of the bedrooms feels folksy and lived-in. In a staged photo, a patchwork quilt in browns, reds, and blues lays atop the bed, and lace curtains and valances accent the wood-paneled walls. A straw cowboy hat hangs from one of the valances, and an “Always kiss me goodnight” sign is positioned above the largest of the room’s two windows. Potted plants line a wooden bench under the other window.

Miller Creek Vista Ranch This staged room really plays on the quaint countryPhoto courtesy of West and Swope Ranches

Miller Creek Vista Ranch

Photo courtesy of West and Swope Ranches

This charming house makes the ranch feel like a movie set.

A photo of the no-frills kitchen shows a basic white refrigerator; the Down Home Cooking cookbook propped up by a cake container on a table draped by a checkered cover; time-worn cabinets; and a doorway leading to a cabin-style, wood-paneled room with a dark brown recliner.

In another photo, the cozy farmhouse-esque dining room contains lace curtains, an oval table and chairs in a honey-tone wood, a woven basket of fruit, a pastoral farm painting on one of the walls, an amber hurricane lamp atop a sideboard, and a stained-glass-style ceiling fixture. Sunlight bathes the room. To round out the look, a teddy bear is tucked into a chair in the corner.

Ranch amenities include an original wood barn, livestock facilities, storage structures, and a deer stand.

“A historic native stone cistern remains as a reminder of the property’s early history, further enhancing the legacy and character of this exceptional Hill Country ranch,” the listing says.

ranches luxury luxury real estate ranchers nature conservation
news/real-estate

welcome home

The income you need to buy a starter home in Houston right now

Amber Heckler
Aug 10, 2026 | 11:00 am
Neighborhood
Photo by Ronnie George on Unsplash
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A new housing affordability report has revealed Houston's first-time buyers are finally catching a small break with the income they need to purchase a starter home in 2026.

Houstonians need to earn $70,384 to afford a median-priced home in the metro area, or 4 percent less than they did last year, the Redfin report found.

Houston had the 9th biggest decline in the income needed to afford a starter home out of the 50 U.S. metros analyzed in the report. Redfin also determined that all starter home listings in Houston are "affordable" based on the city's median household income — which the report estimated at $90,865.

Houston's income requirement to afford a starter home is not far off from the national average, and affordability is improving slightly across the board. Americans need to make $70,693 to afford the typical starter home, according to the report's findings.

"The income needed to buy a starter home is declining while earnings are rising," the report said. "The typical American household earns an estimated $87,599, about $17,000 more than what’s needed to buy the median-priced U.S. starter home. That gap is widening: A year ago, the typical American earned roughly $12,500 more than they needed to buy a starter home."

Still, starter home affordability is "still often out of reach" for first-time homebuyers in expensive real estate markets due to "near high record" sale prices and soaring mortgage rates, the study said.

For comparison, this is the income needed to afford a starter home in other major Texas metros:

  • Austin – $92,607 (down 6.1 percent)
  • Dallas – $83,096 (down 5.1 percent)
  • Fort Worth – $77,886 (down 4.9 percent)
  • San Antonio – $62,859 (down 3.7 percent)

Unfortunately, affording a home in the overall housing market is further straining Americans' wallets. American households need to make just under $110,000 afford the typical U.S. home, but Redfin's evaluation found the typical household makes about $22,000 less than that.

"The discrepancy is partly because the overall market is driven by outsized price increases in the luxury segment, and outsized price increases in places like San Francisco and West Palm Beach, where affluent buyers are active," the report said. "At the same time, some would-be buyers of starter homes are pulling back because they typically earn less money and are more sensitive to affordability pressures."

The top 10 U.S. metros with the biggest declines in the income required to afford the typical starter home are:

  • No. 1 – Austin, Texas
  • No. 2 – Oakland, California
  • No. 3 – Dallas, Texas
  • No. 4 – Fort Worth, Texas
  • No. 5 – Denver, Colorado
  • No. 6 – San Francisco, California
  • No. 7 – Phoenix, Arizona
  • No. 8 – Las Vegas, Nevada
  • No. 9 – Houston, Texas
  • No. 10 – Los Angeles, California
housing market real estate reports starter homes
news/real-estate

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