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$1,900,000

1081 County Road 1320, Lampasas, TX, 76550

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths938 Sq Ft
price_per_sqft$2,025.59 / sqft
Year BuiltBuilt in 2008

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesFree-Standing Gas Range, Stainless Steel Appliance(s), Electric Water Heater
FlooringWood

Exterior

Exterior FeaturesBarbecue, Private Yard, RV Hookup
Lot Size56.45 acres

Building Information

Year Built2008

Land Information

APN15333
Land UseResidential
Legal DescriptionACR: 56.45 ABST: 1460 SURV: EPHRAIM BROWN LOCCD:108
Census Tract950100
Assessed Land Value$655,550
Assessed Improvement Value$230,600
Assessment Year2025

About this property

Welcome to an extraordinary Bell House Ranch offering 56.45 beautifully manicured acres with an agricultural exemption already in place. Ideally located northwest of Lampasas and just minutes from Colorado Bend State Park, this one-of-a-kind property combines natural beauty, functionality, and endless opportunity. The land features rolling elevation changes with breathtaking long-range views, towering hardwood trees, and two impressive tanks, including one spring-fed tank that enhances the property's year-round appeal. Fully fenced and cross-fenced, the ranch is perfectly suited for livestock, horses, recreation, or a private family compound. A grand entrance welcomes you into the property, setting the tone for the quality and craftsmanship found throughout. The custom stone exterior home offers 2 bedrooms and showcases warm natural woodwork throughout. Outdoor entertaining is effortless with a covered gazebo, outdoor BBQ area, covered parking, and a custom wood-covered outdoor bathroom designed with rustic charm. Additional improvements make this property truly unique, including a separate two-story living quarters with 3 bedrooms, full bath, laundry area, storage space, and covered parking—ideal for guests, extended family, or rental opportunities. Equestrian enthusiasts will appreciate the tack room and fenced horse riding arena. A separate double-wide building with covered porch is currently utilized as a business office but could easily transition into additional living quarters, guest accommodations, or a short-term rental. The expansive covered structure built on concrete pillars currently houses lumber mill equipment and a working mill, offering incredible versatility for business, workshop, storage, or event space use. Whether you're searching for a private ranch retreat, multi-generational living setup, wedding venue, income-producing investment, or recreational getaway, the possibilities here are truly endless.

Investor Tools

$0Estimated Mortgage Balance
$1,255,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,400 /month
Positive
Cash Flow Estimate:
$3,800 /month

Interested in this property?

Jim Banks

Shipley Ranches

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$842/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,834
$886,150
2025
$655,550
$230,600
$886,150
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,834
$886,150

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,015,000
100%
0%
$0/mo

City: Lampasas

1081 County Road 1320 | Property Details | No Agent List