488+/- acre live water ranch located along FM 501 in southeastern San Saba County, featuring approximately 3,775 feet of Cherokee Creek with both sides of the creek owned. This spring-fed water source, combined with over a mile of road frontage, makes this property a rare offering in today's market. The land offers rolling terrain with elevations ranging from approximately 1,251' to 1,455', providing scenic views, privacy, and a diverse mix of native habitat that supports wildlife and recreational use. Mature hardwoods, including large pecan trees along the creek, enhance both the beauty and usability of the property. Improvements include a 1,766 SF main residence (4-bed/3-bath), a bunkhouse-style guest space, two barns (approx. 1,800 SF each), and additional sheds and covered structures, offering immediate functionality for ranching, recreation, or weekend use. This property presents a compelling long-term investment opportunity, combining live water, accessibility, and scale; three of the most sought-after attributes in the Texas land market. Ideal for hunting, livestock, or a private retreat, with room for future improvements or income-producing potential. Conveniently located approximately 25 minutes to San Saba, 15 minutes to Llano, 1 hour to Fredericksburg, and 1.5 hours to Austin. Also within close proximity to Colorado Bend State Park and Lake Buchanan. Whether you're seeking a recreational ranch, operational property, or legacy investment, this is a rare opportunity to own a well-balanced piece of Texas land. Contact us today to schedule a private tour of this exceptional San Saba County ranch.