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$7,777,000

190 Private Road 3011, Lampasas, TX, 76550

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,500 Sq Ft
SingleFamilyResidenceSingleFamilyResidence
price_per_sqft$3,110.8 / sqft
Year BuiltBuilt in 1996

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Water Heater, Oven, Range
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesExterior Steps

Building Information

Garage Spaces2

About this property

Horseshoe Falls, A Historical Lampasas Gem! Also known as Gunderland Park, a sprawling 378-ac high-fenced ranch. This is a very rare opportunity to own both sides a Sulphur Creek, as it flows year-round through the ranch. Be transformed to another world with the abundance of native tree cover, wildlife, and the sounds of living water. Adorned by many, locals can recall fond childhood memories of fishing and camping here. An original merry-go-round and hand-built rock BBQ pits, benches, and tables still remain intact. An upper pasture blooms with sunflowers, attracting quail hunting enthusiasts. Most recently, this one-of-a-kind property is being used as an exotic ranch, serving guests with exclusive hunts and catered private events. The ranch's centerpiece is a spacious 2,500+ sq ft 1.5-story primary home with 4 bedrooms, 2 bathrooms, and two living areas, offering breathtaking views and sounds of the ever-flowing Sulphur Creek dam. This site holds important significance as Captain J.F. Brannon of the Ninth Infantry commissioned 193 men to build the Lampasas State Park & Dam in June 1933. Beyond the main residence, discover a 2400 sq ft., climate-controlled main hall overlooking the live water of Sulphur Creek, equipped with restrooms and a rustic rock fireplace upon entry. Perfect for weddings, private or corporate events, or private family get-togethers. Capable of seating up to 150 people comfortably around dining tables, with additional seating outside on the rock patio. Additionally, there are six fully restored and uniquely decorated cabins. All with unique themed decor with names such as; The Ranger Station, Bass Bungalow, Birds Nest, Tee Pee, La Cabana & of course, the JAIL. Most cabins sleep 2-6 guests with full bathrooms. A larger building known as the Horn Room is equipped with a full kitchen for serving a larger party of guests at once. Enjoy a game of pool or darts in the game room. Pictures and words cannot adequately describe this unique paradise.

Investor Tools

$0Estimated Mortgage Balance
$7,777,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$46,662 /month
Positive
Cash Flow Estimate:
$15,554 /month

Interested in this property?

Leah Caruthers

Texas Real Estate Sales

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Financing Details

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

City: Lampasas

190 Private Road 3011 | Property Details | No Agent List