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$1,913,000

NAL Estimated Property Value

1650 Pr 1240, Lampasas, TX, 76550

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,600 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$415.28 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Gas Range
FlooringCarpet, Concrete, Vinyl

Exterior

Lot Size31.13 acres

Land Information

APN156347
Land UseAgriculture / Farming
Legal DescriptionACR: 31.13 LOT: 24 DOUBLE OTT ABST: 1505,1615,1671, 342 SURV: F S BEAR, ROYAL, SELF, HT&BRR LOCCD:108
Assessment Year2025

About this property

Resting in the picturesque Texas Hill Country, this breathtaking custom barndominium built in 2023 offers an exceptional blend of rustic charm and modern luxury. The impressive 3,600 square foot open floor plan residence features three bedrooms and two and a half bathrooms, thoughtfully designed for both comfort and western style. The main suite maintains the homes souther charm with a spacious bedroom and thoughtfully designed bathroom featuring a free standing tub and custom wall finishes not found in your everyday home. Step inside the grand family room to discover authentic touches like the stunning stone fireplace and a kitchen vent hood salvaged from the original ranch home—a piece with over a century of history. The gourmet kitchen boasts custom cabinetry extending into a butler's pantry, while beautiful western tile and concrete countertops create a cohesive aesthetic throughout. Enjoy agricultural exempted acreage, perfect for establishing a horse property or enjoying hunting opportunities for white-tail deer, turkey, and dove. The spacious 2,000 sqft workshop comes spray-foam insulated with a full bathroom and laundry facilities, plus a generous 20x40 lean-to for your farm equipment or trailers. This home also features a 30'x30' attached carport to protect your vehicles against the elements. Practical amenities abound with an RV hookup, perimeter fencing with an electric gate for privacy, and a vegetable garden with herbs. Fruit trees, including peach and plum, dot the property, while a stock tank attracts local wildlife. Enjoy a relaxing above ground pool next to an expansive 20'x 30' outdoor porch overlooking beautiful kept pastures and hardwoods. The property includes flexible office space with additional living areas upstairs and generous closets with abundant storage. This retreat sits within easy distance of local wineries and offers a short commute to town—truly the perfect balance of privacy and convenience in a gated community setting.

Investor Tools

Property Icon
$1,913,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,913,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,478 /month
Positive
Cash Flow Estimate:
$3,826 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,243/month
$155/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,350
N/A
2025
N/A
N/A
$850,880
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,350
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,942,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lampasas

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1650 Pr 1240 | Property Details | No Agent List