665 SH 230 Loop - Rare Riverfront Investment Opportunity Near A 48.41 Acres of Commercial Land Offered at $1,850,000 in Smithville, TX 78957

Rare opportunity to own 48 acres with over 2,100 feet of Colorado River frontage in booming Bastrop County, just outside Smithville and a short drive from Austin. The Colorado River is one of Central Texas’ most sought-after waterways—wide, scenic, and ideal for boating, fishing, and swimming. This property features a gently sloping riverbank with a sandy beach for easy water access, multiple build sites, and no restrictions, allowing for a variety of uses including a RV resort, event venue, or hospitality development. Improvements include a high-producing water well, septic permits on file, and proximity to city water and sewer for future expansion. Accessed by a commercial driveway easement from Highway 95/Loop 230, the property also sits adjacent to an airport/runway—adding strong appeal for destination or aviation-based projects. Wildlife exemption keeps taxes low, and owner financing may be available, making this a rare, high-value investment opportunity on one of Texas’ premier rivers.