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$1,299,999

NAL Estimated Property Value

16588 N Us Highway 281 Highway, Lampasas, TX, 76550

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,200 Sq Ft
price_per_sqft$406.25 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
AppliancesBuilt-In Electric Range, Dishwasher, Disposal
FlooringConcrete, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesGarden, RV Hookup
Lot Size20.39 acres

Land Information

APN11165
Land UseAgriculture / Farming
Legal DescriptionACR: 20.39 ABST: 0430 SURV: WILLIAM JONES LOCCD:108
Census Tract950100
Assessment Year2025

About this property

SIGNIFICANT PRICE INCENTIVE OFFERED FOR QUICK CASH CLOSING! 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! 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 for this property from an ideal location of major Convenience Store/Truck Stop, Restaurant, RV Park and Cabin expansions, Multi Generational, 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 20" thick stone walls and displays absolutely stunning beam and wood work! Featuring +/- 1500 square feet, 3 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!

Investor Tools

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$0
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$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,800 /month
Positive
Cash Flow Estimate:
$2,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$34
N/A
2025
N/A
N/A
$202,990
No

Tax History

Year
Tax Paid
Assessed Value
2025
$34
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
N/A
N/A
N/A
$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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16588 N Us Highway 281 Highway | Property Details | No Agent List