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Days29Days on Market
Views1view

$1,500,000

3588 N US Highway 281, Lampasas, TX, 76550

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size122.81 acres

Land Information

APN13614
Land UseAgriculture / Farming
Legal DescriptionACR: 122.81 ABST: 0730, 110 SURV: GILBERT WINNIE JAMES R COOK LOCCD:108
Census Tract950302
Assessment Year2025

About this property

3588 N. US Highway 281 offers an exceptional opportunity to own 122± acres in the heart of Central Texas, where strong investment potential meets the flexibility to create a premier ranch, luxury estate, or future development. Featuring desirable highway frontage, rolling terrain, scattered native trees, and multiple scenic homesites, this property offers the privacy and versatility today's land buyers are seeking. Whether your vision is a custom ranch headquarters, equestrian property, cattle operation, or recreational retreat, the acreage provides ample room to build while preserving the character of the land. Investors and developers will appreciate the potential to subdivide into approximately 20-acre tracts (subject to county approval), creating estate-sized ranchettes that may qualify for agricultural valuation with continued qualifying use and meet the growing demand for larger acreage throughout Central Texas. With its strategic location, development flexibility, and long-term appreciation potential, this property presents a rare opportunity for end users, investors, and developers alike to capitalize on one of Texas' strongest land markets.

Investor Tools

$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,000 /month
Positive
Cash Flow Estimate:
$3,000 /month

Interested in this property?

Nichole Shelton

Christie's Lone Star

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$12/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$148
N/A
2025
N/A
N/A
$1,064,210
No

Tax History

Year
Tax Paid
Assessed Value
2025
$148
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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Explore

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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3588 N US Highway 281 | Property Details | No Agent List