




$949,999
NAL Estimated Property Value16588 N Us Highway 281 Highway, Lampasas, TX, 76550
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OVER A $350K PRICE REDUCTION! Spectacular opportunity to capitalize on a property which provides an established built-in 12 Pad RV Development, 3 Income Producing Cabins, income producing Garden, (2) Single Family homes, and you still have +/- 15 acres left for further expansion, farming, subdividing, etc! This stunning property is strategically located with +/- 1700 feet of frontage on N US Hwy 281 and +/- 600 feet of frontage on E FM 581. Current TxDot traffic study indicates +/- 5,000 daily cars pass this site. With the already in process, major Highway 281 expansion from Evant to Lampasas, this property benefits from even more future daily traffic volume and visibility! Many tremendous uses are provided including a Mini Farm, Multi Gen Living, Livestock Auctuion Barn, Convenience Store/Truck Stop, Restaurant, RV Park and Cabin expansions, Short Term Rentals, Air BnB, and the list keeps going! The two stunning Single Family Properties on this property include a Historical Home built in +/- 1870. This master piece has been tastefully restored in many ways and is located along Highway 281. This beautiful home was hand crafted with 24" thick stone walls and displays absolutely stunning beam and wood work! Featuring +/- 1500 square feet, 2 bedrooms/1 bathroom, plus expansive decking and balcony space. It also includes a large underground cellar/storm shelter! The newer 2022 year built, Barndo features luxurious finishes! 2-story ceilings, extensive recessed lighting, wood cabinetry, granite countertops and a show stopper of a screened Patio overlooking a huge Oak Tree Grove. Featuring +/- 1700 square feet, 3 beds, 2 baths, large living/kitchen/dining and a large laundry room. The RV Development is equipped with 12 Large Pad Sites, with full utility hook ups. Additionally, a communal building provides multiple washer/dryers plus 2 additional bathrooms. Don't forget about the 3 Income Producing Cabins featuring bathrooms, kitchens and sleeping spaces!
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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Lampasas
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