Comal County

Imagine over 45 acres of wildlife-exempt land, with four independent residences, a private .7-acre stocked pond, a sports court, and expansive Hill Country land, designed to support multi-generational living, extended family, guests, airbnbs, or large gatherings. With a Boerne address and located in Bergheim, this property is situated just 35 minutes from San Antonio International Airport, 30 minutes from La Cantera and The Rim, 13 minutes from Bulverde, and three miles from Guadalupe River State Park. Fredericksburg wine country is approximately one hour away. Privacy is exceptional, yet access remains practical. The main residence spans 4,327 square feet and includes four bedrooms, featuring dual private suites, and four and a half baths. A resort-style pool, grotto, cabana, and outdoor kitchen are positioned as a natural extension of the home, and the wrap-around lanai is accessible from both suites and offers miles of views. An upstairs flex space with a full bath offers options for a game room, bunk room, or additional bedroom. The 2,416-square-foot guest house features upstairs living quarters with two bedrooms, two bathrooms, and a second-story covered porch, all offering expansive views of the hill country. The lower level includes an office, gym, and conference area, and a wrap-around porch on three sides, ideal for remote work, hosting, or retreat-style use. The 1,991-square-foot lakeside cottage features two bedrooms, two bathrooms, an office, and offers privacy, independence from the main home, and beautiful sunrise and sunset water views from the dining room. It also includes private parking and is wheelchair accessible. The 699-square-foot tiny home is sunset-facing, and fully equipped with one bedroom and two fullbaths; and is wheelchair accessible. Additional improvements include a barn with an incorporated workshop and viewing porch, a heated & vented greenhouse and irrigated garden, chicken coop, fenced acreage for livestock, lighted sports court for pickleball and basketball, orchard, recirculating natural-feauture creek that feeds to the pond, wood-chipped trails, and thoughtfully placed outdoor gathering areas. This is a legacy-quality property built to evolve across life stages, supporting multi-generational living, extended family, and long-term stewardship. Exceptional infrastructure, including all underground utilities with room for service expansion, a high-producing well, storage tanks, home generators, fiber connectivity, paved internal roads, extensive landscape lighting, and irrigation already in place. Infrastructure of this caliber, combined with water, wildlife tax exemption status, and location, is scarce and difficult to establish without high cost and years of development.

Experience the epitome of Southern charm on this property encompassing 48.7 acres, 13 of those acres are meticulously improved pasture. A stately home on the land, spanning approximately 3,225 sq. ft., showcasing a seamless blend of history and modernity. The original portion of the residence, dating back to 1895, exudes character, with thoughtful additions enhancing its allure over the years. Discover a wealth of possibilities within this expansive canvas, offering ample space for your creative vision to flourish. Positioned near Highway 281, this location allows convenient access to the charming city of Bulverde and the Timberwood Park area to the south, North of San Antonio.Indulge in the timeless allure of Southern living while embracing the potential to craft a one-of-a-kind retreat that resonates with your distinctive lifestyle. Schedule your private tour of this space today and envision yourself living in this property's peaceful serenity.

Welcome to Saving Grace Ranch - a picturesque slice of Texas history nestled in Bulverde! This lovingly restored 1867 original stone home is encased with modern features while still maintaining the historic charm and character, including the original pegged and numbered cedar beams and original stone walls and cut outs. The perfect horse property with a Morton 3 stall horse barn with wash rack, a 30 x 35 metal hay barn, and fenced pastures for grazing. Big starry Texas skies, peaceful sounds of nature, and privacy from all sides. Serenity at its best!

A rare offering, this modern ranch estate, set on 15.41 acres, pairs curated architecture with bespoke details at every turn. Crafted for sophisticated Hill Country living and distinguished by premier equestrian amenities, the home was thoughtfully designed with an emphasis on indoor-outdoor living. An elegant open floor plan is framed by walls of glass, creating a seamless connection to the surrounding natural landscape. The gourmet double-island kitchen is a showpiece with stone countertops, professional-grade stainless steel Thermador appliances, a six-burner double gas range, two sinks, exquisite custom cabinetry, and a large walk-in pantry. The grand living room showcases historic reclaimed wood beams, and an awe-inspiring stone fireplace that overlooks the picturesque pool and spa. The intentionally designed interior offers four spacious bedrooms, each with a private en-suite bath. The luxurious primary suite is down with a spa-inspired bath, an oversized walk-through shower, two separate vanities, two separate walk-in closets and offers direct outdoor access to the screened porch and backyard sanctuary. The main level guest suite is secluded with a full en-suite bath and private outdoor access to a covered terrace designed to capture sweeping tranquil views. The spacious third bedroom is upstairs and offers a full en-suite bath and private outdoor access to a covered balcony overlooking serene vistas and pastoral views. Outside of the bedroom, custom cabinetry with a coffee station and beverage refrigerator thoughtfully connects to the fourth bedroom and fourth en-suite bath. A dedicated office is on the main level which can easily serve as a flex space or game room. Conveniently positioned between the kitchen and garage, the spacious laundry room features a built-in sink, an additional refrigerator and a custom-built Thermador wine fridge. The notable half bath completes the interior and offers direct outdoor access to the luxurious pool and spa. The polished 3-car garage is attached with epoxy finished floors and a separate workshop that offers versatile additional space and is presently utilized for beekeeping providing the current owner with an agricultural tax exemption. The outdoor living space unfolds as a peaceful retreat featuring a heated pool and spa, a prestigious covered patio, kitchen and fireplace, multiple terraces and professionally landscaped grounds, offering an unapparelled resort-style experience at home. Additional amenities include a raised vegetable and herb garden, a private well with a 5,200-gallon storage tank and a state-of-the-art geothermal heating and cooling system offering exceptional energy efficiency and comfort. Set within the quiet, gated neighborhood of Rebecca Creek Ranches in Comal County, this extraordinary estate enjoys convenient proximity to New Braunfels, Boerne, San Antonio and Austin. Served by the highly acclaimed Comal Independent School District and zoned to the sought-after Smithson Valley high school.

Rare 75 Acre Rustic Hill Country Ranch with Custom Rock Home - Character & Proximity Hill Country acreage of this size offering privacy and seclusion is increasingly difficult to find in this area. This approximately 75-acre ranch provides an opportunity to own a sizable tract of scenic land while remaining conveniently located approximately 20 minutes from the shops of downtown Bulverde, 35 minutes from New Braunfels and I-35, 30 minutes from Canyon Lake, approximately 40 minutes from downtown San Antonio, and about 30 minutes from San Antonio International Airport. **Main Residence & Outdoor Living** The property features a custom-built rock two-bedroom, two-bathroom home offering 1,971 square feet of living space, complemented by an approximately 600 square foot semi-wraparound patio with an added pergola. A matching custom stone two-car garage with an attached storage room is also included, along with an additional matching stone building currently used as a greenhouse and potentially adaptable for storage or other uses, subject to buyer verification. The home reflects the rustic character of its era and provides a solid foundation for future updates or renovation to suit a buyer's preferences. **Distinctive Two-Story Stone Building** An additional stone structure of approximately 600 square feet is located near the main home. Originally constructed as a spur and bit collectors' room, this building offers unique architectural and artistic features that contribute to the property's Hill Country character. The main level includes a custom-built stone fireplace with a hand-carved mantel featuring a bear-head design, along with a polished concrete floor accented by a decorative inlay. One wall features a Texas-themed mural by San Antonio artist Bob Dale, adding regional character and visual interest. A walk-in vault measuring approximately 17' x 4' provides secure storage. The loft level overlooks the open floor plan and includes built-in shelving, offering flexibility for use as an office, library, studio, or guest space. This structure may offer potential for alternate uses, including guest accommodations, subject to buyer verification of permitted use and suitability. **Additional Improvements & Land Features** A water well located near a wet-weather creek supplies water to a pressure tank serving the property's improvements. The rear portion of the ranch is heavily wooded, contributing to a secluded Hill Country setting that supports native wildlife commonly found in the region, including white-tailed deer and turkey (wildlife presence not guaranteed). The natural terrain and mature tree cover enhance recreational use and privacy. Additional improvements include an approximately 4,550 square foot barn with older working pens. Various antique ranch implements remain on the property and contribute to a classic Western and Hill Country ranch atmosphere. Buyers should note that some improvements may require updating or renovation.

Experience Hidden Hills Ranch for Yourself! Discover the beauty of Hidden Hills Ranch-a spectacular 99.68-acre ranch and homesite located just 2 miles north of Canyon Lake in Comal County, Texas. Enjoy easy access to San Antonio, New Braunfels, Austin, Canyon Lake, and the rest of the Texas Hill Country. The hilltop has been partially cleared, and a new water well is already in place. From here, you'll take in breathtaking panoramic views that stretch for miles-an experience that truly must be seen to be appreciated. A stone entrance off the paved county road welcomes you into the property, leading to a well-maintained internal road system. The ranch is fully fenced and benefits from a Wildlife Tax Exemption, with abundant native wildlife throughout. A scenic pond enhances the natural charm and ecological diversity of the land. With its prime location and expansive acreage, Hidden Hills Ranch offers the best of both worlds-peaceful country living with convenient access to nearby cities and amenities. Schedule your private tour of this exceptional Hill Country property!

Banshee Hollow / Guadalupe River Ranch has remained in the same family for nearly 60 years, offering a rare opportunity to own a piece of Texas Hill Country river property rich in history and natural beauty. The ranch features roughly 635 feet of Guadalupe River frontage, lined by majestic cypress trees and easily accessed by a stepped walkway. Positioned across from a large ranch protected by a conservation easement, the opposite riverbank will remain free from future development-preserving the peaceful, unspoiled views. The property currently benefits from a wildlife exemption, helping keep property taxes low. Traditionally used for recreation, hunting, and creating lasting family memories, the ranch includes a farmhouse. The home is owner-occupied, with additional bedrooms accommodating guests and hunters. Despite its secluded feel, the property is conveniently located just a 25-minute drive from San Antonio (Loop 1604) and less than a 15 minute drive to HEB, Walmart, Home Depot and other shopping and a variety of dining options. This unique combination of accessibility and tranquility makes Banshee Hollow a truly exceptional offering.

106 breathtaking acres located off of FM 32, ideally situated just minutes from Canyon Lake, Blanco, and Fischer. This exceptional Hill Country ranch features multiple scenic hilltops with sweeping views, countless mature oak trees, and a healthy grass field perfect for cattle or goat grazing. The property is fully fenced and accessed by a limestone driveway leading through a gated entrance for added privacy and security. Abundant native wildlife including deer, turkey, dove, and wild pigs make this an exceptional recreational and hunting property. A small pond provides water for wildlife and agricultural use as well as a wet weather creek running through the center of the ranch allowing for stone or artifact gathering opportunities. Electric poles are on the property, offering an excellent foundation for a future homesite, ranch headquarters, or weekend retreat. Whether you're looking for a private hunting ranch, working agricultural property, or a beautiful Hill Country escape, this land offers endless potential. Additional acreage may also be available.

Welcome to your private Texas Hill Country oasis! Meticulously groomed 21 acres located in a wildlife tax exemption. Offering the ultimate blend of peaceful seclusion and everyday convenience, this incredible property is a rare find. Accessible through a beautifully established neighborhood, you will arrive at a tranquil retreat nestled among majestic mature trees, teeming w/ Majestic Oaks and abundant local wildlife. This property is thoughtfully equipped and ready for your dream lifestyle, boasting major, high-value infrastructure improvements that are already complete. Extensive upgrades include a fantastic 3,000 sq ft custom barn, a private water well that is enclosed by a wellhouse w/ spray foam insulation and a water tank, a large, fully functioning septic system that can accommodate a 5,660 sq ft house, and a dedicated 1,000 gal propane tank with a whole-house Generac Generator setup. The perimeter features a premium 8-foot game fence, perfect for ultimate privacy, exotic game, or your agricultural needs. What truly sets this estate apart is the unparalleled freedom and financial benefits it offers. Enjoy absolutely NO HOA, no restrictive property dues, and highly desirable low county taxes! Though it feels like a secluded nature sanctuary, you are exceptionally connected to the very best of Central Texas. You are just a stone's throw from the iconic historic district of Gruene-spend your evenings enjoying live music at Gruene Hall, floating the Guadalupe River, or dining at fabulous local restaurants. Weekends can be spent boating, swimming, or fishing at stunning Canyon Lake. For frequent travelers, you will love the quick, easy access to the San Antonio International Airport, as well as premier shopping and modern daily conveniences just minutes away. Escape the city hustle without sacrificing the modern amenities you love. With sweeping trees, unparalleled privacy, and premium infrastructure already in place. Schedule your private tour today.

Incredibly located, 23-acre Ranchette, **UNRESTRICTED** with development and commercial potential, in one of the Hill Country's most dynamic growth corridors, this is a rare opportunity to acquire a property with both immediate enjoyment and significant future upside. The current plan includes 3 commercial lots with strong FM 311 frontage (approx. 1 acre each) and 15 one-acre residential lots behind a proposed gated entrance. Property features mature oak trees throughout and borders Smithson Valley Middle School. Complete engineering plans available, including grading, utilities, and erosion control. New owner could utilize as a multiple family homestead, move forward with the current plan, or explore alternative development opportunities. Currently operating as a successful Airbnb with excellent reviews, the 2859 sqft main home blends Hill Country charm with modern updates, rock accents, hand-scraped engineered hardwoods, oversized living area, and spacious kitchen with large island, built-in appliances, farm sink, and walk-in pantry. Primary suite includes custom shower, soaking tub, and large walk-in closet. Two oversized bedrooms upstairs share a full bath. The backyard features an in-ground pool/spa by Keith Zars Pools, and covered patio with fireplace and outdoor kitchen. The shop / barn includes two covered horse stalls, turnouts, and 946 sqft apartment upstairs.

One-of-a-kind property of 15+ acres with versatile uses for the savvy buyer. Nestled among numerous old oak trees, this property provides the quiet peace of country living. Originally a family estate, it is located next to the city limits of Garden Ridge, and just minutes from IH 35 and FM 1604. There is not an HOA and no restrictions other than those that might be imposed by the county. The property has several usable outbuildings including barns, tack room, horse stalls and pens. The house is move-in ready, complete with detached two-car garage and game room. An Edwards Aquifer well with included 3 acre-feet of water rights completes the package. $2,145,000.00

Tranquil, private, and exceptionally appointed, this remarkable 19.99+/- acre estate including TWO residences and metal shop on prestigious Purgatory Road offers a rare opportunity in the heart of New Braunfels and Comal County-just two miles north of FM 306. Set approximately 600 feet off the road behind stone columns and a custom security gate, the 2,255 square foot stone residence is thoughtfully positioned beneath a canopy of mature Live Oaks, with a 1,250 detached guest house nearby. A circular concrete drive leads to the 3 bedroom, 2 1/2 bath home with an attached two-car garage. Inside, a wood-burning fireplace with blower system anchors the living space, creating warmth and character. A landscaped wraparound porch captures sweeping southern and western views, where native Whitetail Deer and Wild Turkey are frequent visitors. A covered rear porch with an expansive concrete entertainment area overlooks the private backyard to the north-ideal for gatherings or quiet evenings outdoors. Designed for both lifestyle and land stewardship, the property features newly installed ranch cross fencing constructed of 2 3/8" pipe post and top rail with net wire-well suited for cattle, horses, sheep, goats, or dogs. Behind the main residence, a newly constructed stone well house designed to withstand extreme winter conditions sits beneath a standing seam roof with an attached concrete pad and carport. Privately tucked into the woods to the north, the 1,250 square foot, 2 bedroom, 2 bath two-story guest house offers exceptional flexibility for short or long-term guests, or income producing opportunities such as a short-term rental. Further enhancing the estate is a newly completed 30' x 40' metal building/shop with concrete slab, 12' x 12' commercial roll-up door, and 36" steel entry door ideal for equipment storage, workshop space, or RV accommodation. An additional 40' x 15' shed roof extends from the structure, providing covered parking for trailers, tractors, or recreational vehicles. This turnkey, two residence property reflects meticulous care and significant recent upgrades, including: American Standard variable-speed communicating HVAC system (3 years old); Galvalume standing seam roof on main residence (\7 years old); New Galvalume standing seam roof on guest house & carport; Newly constructed 30' x 40' shop/RV building; Newly installed interior ranch cross fencing throughout. A rare offering that balances privacy, natural beauty, and modern ranch functionality-this distinguished Hill Country estate is ready to be enjoyed from day one. Do not miss out!

Beautiful hill country home on 59+/- acres located 15 miles to loop 1604 and 30 miles to downtown San Antonio!!! Located in Comal County the property is minutes to Spring Branch, Bulverde, HEB, restaurants and shopping. This wonderful hill country retreat features a 1767SF hill country style rock home consisting of 2 bedrooms and 2 bathrooms, large barn, and 4 workshops! The property is heavily wooded with oaks, cedar, and other native hill country trees. The property has abundant wildlife consisting of dee

Extraordinary Hueco Springs Ranches Gated 10.08 +/- Acres Currently AG EXEMPT Pastures with a 4 Bedroom, 3.5 Bath Hill Country Home with an Attached 1 Bedroom, 1 Bath Garage Apartment and a Charming 2 Bedroom, 2.5 Bath Cottage with Like Architectural Style. The cottage was built in 2001 by the same custom builder that built the original home. No HOA, with easy to read deed restrictions, the owners are unaware of any amendments to restrictions. One farm/ranch animal per acre allowed, not including cats and dogs. Majestic oak trees are scattered throughout the level property that additionally features a cocktail pool (4 ft. deep), Tuff Shed, large metal barn (4961 sq. ft., per appraisal district with water and electric), 30 amp circuit near barn for RV, side pasture, additional gate near homes that separate the main pasture, covered parking at both homes, and rainwater capture systems for the pool and at the front of the main house. Built-in custom cabinetry throughout both homes, too many extras to list. The agricultural exemption is listed as Native Pasture on the appraisal district site, open use per owner. Acreage in NBISD, don't miss this multi-generational property. The address is actually on Whispering Woods Trail.

MILLION DOLLAR Panoramic Hill Country Views with fabulous sunsets on over 18 acres and an updated, single-story stone home! New paint, flooring, windows, appliances plus fresh landscaping! Picture yourself sitting in the front yard, breezeway and even the driveway, enjoying the evening with family and friends. From the main gated entry, up the winding paved driveway to the highest point to reach the main home, the mature trees and wildlife are countless. Plenty of room behind and beside the main home to build your swimming pool, outdoor kitchen and more. Further back from the main home is a small animal pen and enclosure for goats, sheep and such. Schedule your private tour today. Buyer verifies measurements, schools. Wildlife Management Exemption. FULL LEGAL DESCRIPTION: A-894 SUR-844 H WEHE, ACRES 28.323, A-894 SUR-844 H WEHE, A-157 SUR-413 S FISK.

Your slice of Texas Hill Country awaits! Discover 20 breathtaking acres in the heart of Bulverde, offering a rare blend of privacy, natural beauty, and convenience-just minutes from State Hwy 46, shopping, dining, and top-rated schools. This expansive property provides the perfect canvas to bring your vision to life, whether you dream of a custom estate, a weekend retreat, or a legacy property to enjoy for generations. The land features a seasonal creek that enhances the property's natural charm and draws abundant native wildlife. Gently rolling terrain, mature trees, and wide-open skies create a peaceful Hill Country setting with multiple potential building sites, each offering scenic views and privacy. Fully fenced on approximately 2.5 sides, the property allows room to roam, expand, or further customize to fit your lifestyle. Enjoy the freedom and tranquility of country living while remaining close to modern amenities and commuter routes. Opportunities like this are increasingly rare. Come experience the beauty, space, and potential of this exceptional Hill Country acreage and claim your slice of Texas today.

Start your country journey at the recently installed electric gate making access easy while maintaining your safety. At the end of the driveway, you will be greeted with a circular driveway in front of a 4-sided brick home set on 7.8 acres surrounded by mature trees. This 5 bedroom, 2 1/2 bath home has been designed for convenience and comfort. When you open the front door you are greeted with a view of the spacious dining room accented by a wall of windows that bring the beauty of nature indoors. The open-concept design flows seamlessly into the gourmet kitchen that boasts generous counterspace, a large center island with high-end features like a small sink, pull-out microwave, and built-in ice machine. The living area is spacious with a wood burning fireplace, and built-in cabinets on each side. A wall of windows keeps the room bright and sunny during the day, and recessed lighting provides evening light. Access to the deck can be made from the living area or the second bedroom. The primary bedroom and one of the bedrooms are accessible from the living area. Both bedrooms are freshly painted, and the primary bedroom has LVP flooring and a large closet designed for convenience and storage. The primary bath has been renovated, with a circulating garden tub and separate shower. The double vanity is new and modern. 3 spacious bedrooms with recessed lighting are off the kitchen providing privacy for everyone. Other updates include a new 4- ZONED HVAC with new duct work throughout, 2 circulating water heaters (50 gal each) and more. The 7.8 acres are fully fenced and cross-fenced into 4 pastures with each having its own electric outlet and water faucet from the well, providing easy maintenance and cost savings for your livestock or farming. Newborn Water Company provides water for the home. The oversized attached garage easily holds 2 vehicles and still has room for your hobbies. The detached garage makes a great workshop because it is plumbed for water, has a mini-split AC unit, upgraded LED overhead lighting, extra storage and includes a breaker box with 2x20 amp plugs inside, 2x50 amp plugs inside with a 1x30 amp plug outside for RV hookup. Additional power around the property includes 100-amp panel at the pool pump area with room to build a pool house or mother-in-law apartment. There is a 50-amp panel to the barn/chicken coop, two 150-amp panels into the house and a 60-amp panel for the well pump. The whole house generator located near the well house, automatically provides ample electricity in the event of an outage. Imagine unwinding on your spacious deck, surrounded by mature trees and overlooking open, level pastures with your private pool waiting for you to cool down after a hot Texas day. NO city tax and NO mandatory HOA. Join us Saturday, June 20th from 11:00 am TO 3:00 pm to experience the privacy and tranquility of country life!

Situated just minutes from Canyon Lake in Spring Branch, TX, the Rock House 16 offers a rare opportunity to own a beautiful 16 acre ag-exempt ranch in the heart of Mystic Shores. With the original homesite of the historic 711 Ranch, this unique property blends rustic Texas heritage with modern ranch living - offering privacy, wildlife, and functionality in one incredible package. IMPROVEMENTS: At the front of the property sits a 3,000 sq. ft. ranch-style home, with 4 spacious bedrooms, 3.5 bathrooms, a storage room, covered patio, and a two-car garage. Designed for both comfort and style, the home offers an open floor plan and large windows with great hill country views. Outside, the land is fully equipped for livestock, featuring an old horse barn, cattle working pens, cross-fencing, and good perimeter fencing. It also has a 2,400 sq.ft. 40x60 metal barn with electricity - ideal for storing equipment, tools, or transforming into your own custom workspace. WILDLIFE: The property is teeming with wildlife, including whitetail deer, occasional axis deer, foxes, coyotes, wild turkeys, hogs and more. TERRAIN: Gentle rolling terrain. Most of the cedar was cleared many years ago creating open pastures with scattered brush thickets. Towering mature oak trees provide ample shade and natural beauty, while the presence of the original 711 Ranch homesite adds a unique touch of history and authenticity. WATER: A comprehensive rainwater collection system totaling 20,000 gallons (one 10,000-gallon tank and four 2,500-gallon tanks). A seasonal rain-fed creek runs into a small pond at the back of the property. There is also an artesian well with a windmill. Location: Approximately 22+/- miles to Bulverde, 33+/- mi to New Braunfels, 49+/- mi to Downtown San Antonio. TAXES: Ag-Exempt ** Additional Acreage Available**

Perched high above Canyon Lake in the scenic Hill Country of Fischer, Texas, 852 Crystal Peak Drive presents an exceptional 12.06-acre peak ranch tract with breathtaking, unobstructed panoramic views. This elevated property showcases sweeping vistas of Canyon Lake and the surrounding hills, offering a rare blend of privacy, natural beauty, and refined flexibility. A gated private drive leads to the summit, where approximately 2 acres of level homesite await-perfectly positioned for your custom dream home, ideal for both entertaining and peaceful retreat. The property also features a large barn with an outdoor deck, well-suited for storing a luxury RV, recreational equipment, or creating a one-of-a-kind space to take in the stunning scenery. A private water well and electricity are already in place, adding to the property's readiness. With smart restrictions in place to preserve the integrity and value of the area, the property maintains its natural charm while allowing for a wide range of uses. Whether you envision a secluded weekend getaway, an upscale Hill Country estate, or a private recreational retreat, the possibilities are abundant. Currently under a Wildlife Exemption, the property also offers potential tax advantages. For those seeking additional acreage, there is an opportunity to acquire an adjoining 50.72 acres-creating a rare chance to establish a true Hill Country ranch in one of Central Texas' most desirable locations. A premier offering in Fischer, Texas-where panoramic views, privacy, and long-term value come together.