A Houston company has purchased the 865-acre River Oaks Ranch in Liberty Hill.
McAlister Real Estate Co. closed on the deal in mid-August. The seller was ASC River Oaks Ranch Ltd. The price was not disclosed but the property was listed for just under $14.3 million.
Located 3.5 miles north of the intersection of U.S. Highway 183 and State Highway 29, the ranch has about 1.2 miles of frontage on the North San Gabriel River.
McAlister Real Estate purchased the property as an investment.
Tim Riley with Land Advisors Organization represented the seller.
Friday, September 5, 2008
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