Year-round Wolf Creek runs through the center of this equestrian ranch approximately 10 miles south of Fredericksburg and minutes from Gillespie County Airport (T82, 5,002 ft runway), which can handle turboprops and light jets. A paved private road enters from State Highway 16, crosses the creek, and leads to the barns. The property has 2,800 ft of highway frontage plus a 20 ft access easement from Fisher-Bonn Road. It sits outside city limits with no zoning and no HOA. Terrain is sloping with hilltop views; soils are caliche and river bottom. Portions of the ranch lie in the FEMA floodplain. WATER: More than one-half mile of Wolf Creek frontage, a concrete dam forming a creek-fed lake, and 145 acre-feet of adjudicated water rights. Five wells rated at 45, 40, 150+, 25, and 30–40 GPM: three with grandfathered irrigation status (domestic and livestock use also recognized by the District) and two registered as exempt for domestic and livestock use. MAIN RESIDENCE: Restored two-story pioneer stone home built around an 1888 rock house, with additions completed in 1994. 6,368 SF with 4 bedrooms, 3 full baths, and 1 half bath. Standing-seam metal roof, central heat and air, masonry fireplace, high ceilings, and wood, ceramic, and carpet flooring. The primary suite includes a wood-burning fireplace, walk-in shower, and his-and-hers closets. Four open porches total 1,335 SF, including a 621 SF porch added in 2002, plus a deck, patio, and sprinkler system. Detached three-car garage and carport. ADDITIONAL RESIDENCES: Guest and staff housing is already in place, served by four conventional septic systems: 704 SF guest house (1 bedroom, 1 bath), built 1988 2,144 SF manufactured home (3 bedrooms, 2 baths) with 494 SF enclosed porch, 350 SF wood deck, and 550 SF carport 912 SF manufactured home (2 bedrooms, 1 bath), built 1997 1 bedroom, 1 bath apartment above the machine shop EQUINE AND OUTBUILDINGS: 13-stall barn with office. Covered arena with spectator bleachers. 140 x 300 outdoor arena. Corrals. Five barns totaling 16,318 SF. 5,210 SF equipment shed built in 1997. LAND AND WILDLIFE: Agricultural valuation on 293.80 acres (43.50 tillable cropland, 89.60 improved pasture, 160.70 native pasture). Perimeter, game, and cross fencing. White-tailed deer and turkey habitat with oak motts, brush, and the Wolf Creek corridor. Deed restrictions apply. Snaffle Bit Ranch combines year-round live water and adjudicated water rights with a complete equine facility and a restored 19th-century stone home, 10 miles from Fredericksburg and minutes from Gillespie County Airport(T82, 5,002 ft runway).