This 132 acre Gentleman’s Ranch is part of the last large acreage ranch, residential and/or commercial property located adjacent to the Kerrville city limits near downtown and overlooking the beautiful Guadalupe River Valley. The property includes a 5 bedroom, 3 bath home & barn, a year-round spring-fed pond for swimming and fishing. This property consists of 132.5 acres (~11+ ac commercial) with lower-lying residential building spots with views and a high ridge with beautiful breathtaking hill country views and building sites overlooking Kerrville and the river. A regional hospital and doctor's offices (3 min away), grocery (5 min), and big box stores are 10 mins or less away. As a development, the property is available to be annexed by the City of Kerrville. City water and sewer are available. Out of flood plain! Two adjoining tracts (145 and 103 ac) are available also. Whether you’re looking for a great investment opportunity, a gentleman's ranch, horse property, or a commercial and residential compound or development, this property presents a possible combination of all of these! Ag Exempt.