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Exhibit 21.1

List of Subsidiaries of

Stratus Properties Inc.*

(as of December 31, 2023)

						Name Under Which
Entity			Organized			It Does Business
Santal, L.L.C.			Delaware			Same
Stratus Block 21, L.L.C.			Delaware			Same
Stratus Block 21 Member, L.L.C.			Delaware			Same
Stratus Investments LLC			Delaware			Same
Stratus Properties Operating Co., L.P.			Delaware			Same
Circle C Land, L.P.			Texas			Same
College Station 1892 Properties, L.L.C.			Texas			Same
Holden Hills, L.P.			Texas			Same
Killeen FM 440, L.L.C.			Texas			Same
Lantana Place, L.L.C.			Texas			Same
Magnolia East 149, L.L.C.			Texas			Same
New Caney 242 Investments, L.P.			Texas			Same
Santal I, L.L.C.			Texas			Same
Stratus Block 150, L.P.			Texas			Same
Stratus Block 21 Investments, L.P.			Texas			Same
Stratus Kingwood Place, L.P.			Texas			Same
The Saint George Apartments, L.P.			Texas			Same
The Saint June, L.P.			Texas			Same
The Villas at Amarra Drive, L.L.C.			Texas			Same

* Pursuant to Item 601(b)(21)(ii) of Regulation S-K, the names of certain other subsidiaries of Stratus Properties Inc. are omitted because, considered in the aggregate as a single subsidiary, they would not constitute a “significant subsidiary” as that term is defined in Rule 1-02(w) of Regulation S-X under the Securities Exchange Act of 1934, as amended.