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$3,100,000

1684 County Road 2234, Lampasas, TX, 76550

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,583 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,200.15 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
FlooringConcrete

Exterior

Lot Size281.65 acres

Building Information

Garage Spaces4

Land Information

APN19277
Land UseAgriculture / Farming
Legal DescriptionACR: 281.65 ABST: 0263 SURV: G & B N RR CO LOCCD:108
Census Tract950302
Assessed Land Value$1,915,190
Assessed Improvement Value$438,190
Assessment Year2025

About this property

This special hideaway ranch derives its name from a perpetual spring located on the property. Having reliable water is paramount for wildlife or livestock but the real bonus here is the 10+ acre lake! Big water is hard to come by, and this ranch boasts one of the best lakes in the area. A very quiet and private ranch located about ten minutes from Lampasas, an hour from Austin and about three hours from the DFW Metroplex. Currently being held under a 1-d-1 Wildlife exemption, the native grasses have thrived due to the lack of grazing livestock. Subsequently the wildlife has flourished with Whitetail Deer, Wild Turkey and a healthy population of Bobwhite Quail. The lake is a magnet for doves and ducks throughout the fall and winter offering some excellent wing shooting. Location: 10 miles North of Lampasas, 65 miles North of Austin. Approx. 800’ of frontage on County Road 2234 with one entrance. An excellent water well producing 40 gpm. Gently rolling with excellent topography, a nice size field that slopes towards the river. Recently constructed, two story barndominium with a 5973 square foot slab finished out with 2583 square feet of living space and 2814 square feet of shop space. The interior finish out is of excellent quality with a combination of stained concrete and hardwood floors. An open floor plan with custom cabinetry and granite countertops throughout. The Master Bedroom on the first level, the second level has two additional bedrooms and a bathroom. The shop area offers extensive storage space with large overhead doors for easy access. Flora: Ash Juniper provides excellent wildlife with scattered Mesquite, Hackberry and Elm. The low areas along the drainage below the lake have a wide variety of native brush. The spring sports a stand of cattails which is proof of the perpetual water source. Wildlife including Whitetail Deer, Wild Turkey, Bobwhite Quail, Feral Hog, Varmints, Doves and Ducks

Investor Tools

$0Estimated Mortgage Balance
$2,353,380Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$18,600 /month
Positive
Cash Flow Estimate:
$6,200 /month

Interested in this property?

John Stepan

Ranch Investments

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,577/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,154
$2,353,380
2025
$1,915,190
$438,190
$2,353,380
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,154
$2,353,380

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,353,380
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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1684 County Road 2234 | Property Details | No Agent List