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| <link:roleRef roleURI="http://www.stratusproperties.com/role/RelatedPartyTransactionsOtherTransactionsDetails" xlink:type="simple" xlink:href="strs-20200331.xsd#RelatedPartyTransactionsOtherTransactionsDetails"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/RelatedPartyTransactionsOtherTransactionsDetails" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/Dispositions" xlink:type="simple" xlink:href="strs-20200331.xsd#Dispositions"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/Dispositions" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/DispositionsDetails" xlink:type="simple" xlink:href="strs-20200331.xsd#DispositionsDetails"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/DispositionsDetails" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/FairValueMeasurements" xlink:type="simple" xlink:href="strs-20200331.xsd#FairValueMeasurements"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/FairValueMeasurements" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/FairValueMeasurementsTables" xlink:type="simple" xlink:href="strs-20200331.xsd#FairValueMeasurementsTables"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/FairValueMeasurementsTables" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/FairValueMeasurementsCarryingAmountandFairValueDetails" xlink:type="simple" xlink:href="strs-20200331.xsd#FairValueMeasurementsCarryingAmountandFairValueDetails"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/FairValueMeasurementsCarryingAmountandFairValueDetails" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/FairValueMeasurementsNarrativeDetails" xlink:type="simple" xlink:href="strs-20200331.xsd#FairValueMeasurementsNarrativeDetails"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/FairValueMeasurementsNarrativeDetails" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/Debt" xlink:type="simple" xlink:href="strs-20200331.xsd#Debt"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/Debt" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/DebtSummaryofDebtTables" xlink:type="simple" xlink:href="strs-20200331.xsd#DebtSummaryofDebtTables"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/DebtSummaryofDebtTables" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/DebtDetails" xlink:type="simple" xlink:href="strs-20200331.xsd#DebtDetails"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/DebtDetails" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/ProfitParticipationIncentivePlan" xlink:type="simple" xlink:href="strs-20200331.xsd#ProfitParticipationIncentivePlan"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/ProfitParticipationIncentivePlan" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/ProfitParticipationIncentivePlanDetails" xlink:type="simple" xlink:href="strs-20200331.xsd#ProfitParticipationIncentivePlanDetails"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/ProfitParticipationIncentivePlanDetails" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/IncomeTaxes" xlink:type="simple" xlink:href="strs-20200331.xsd#IncomeTaxes"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/IncomeTaxes" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/IncomeTaxesDetails" xlink:type="simple" xlink:href="strs-20200331.xsd#IncomeTaxesDetails"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/IncomeTaxesDetails" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/BusinessSegments" xlink:type="simple" xlink:href="strs-20200331.xsd#BusinessSegments"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/BusinessSegments" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/BusinessSegmentsTables" xlink:type="simple" xlink:href="strs-20200331.xsd#BusinessSegmentsTables"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/BusinessSegmentsTables" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/BusinessSegmentsRevenuesfromExternalCustomersforProductsandServicesDetails" xlink:type="simple" xlink:href="strs-20200331.xsd#BusinessSegmentsRevenuesfromExternalCustomersforProductsandServicesDetails"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/BusinessSegmentsRevenuesfromExternalCustomersforProductsandServicesDetails" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/BusinessSegmentsSegmentInformationDetails" xlink:type="simple" xlink:href="strs-20200331.xsd#BusinessSegmentsSegmentInformationDetails"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/BusinessSegmentsSegmentInformationDetails" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/SubsequentEvents" xlink:type="simple" xlink:href="strs-20200331.xsd#SubsequentEvents"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/SubsequentEvents" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/SubsequentEventsSubsequentEventsTables" xlink:type="simple" xlink:href="strs-20200331.xsd#SubsequentEventsSubsequentEventsTables"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/SubsequentEventsSubsequentEventsTables" xlink:type="extended"/> |
| <link:roleRef roleURI="http://www.stratusproperties.com/role/SubsequentEventsSubsequentEventDetails" xlink:type="simple" xlink:href="strs-20200331.xsd#SubsequentEventsSubsequentEventDetails"/> |
| <link:calculationLink xlink:role="http://www.stratusproperties.com/role/SubsequentEventsSubsequentEventDetails" xlink:type="extended"/> |
| </link:linkbase> |