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$529,000

Lot 2A Private Road 1240, Lampasas, TX, 76550

On MarketInfo

About this property

An exceptional opportunity to own 47.47± acres at approximately $11,144 per acre—an increasingly hard-to-find value in today’s Texas Hill Country land market. Located just west of Lampasas off FM 580 within the gated Double Ott Ranch community, this property offers an ideal combination of usable land, natural beauty, available utilities, and convenient access to town. Mature hardwoods, scenic Hill Country views, a pond, and abundant wildlife create an attractive setting for a custom home, weekend retreat, hunting property, or small ranch. The property is currently Ag exempt, horses are permitted, and hunting is allowed in accordance with applicable regulations. A waterline and electricity are available at the property frontage, providing a significant advantage for future improvements. Light deed restrictions offer flexibility while helping maintain the character of the ranch, with private road maintenance of approximately $5 per acre annually. Enjoy the privacy and freedom of nearly 50 acres while remaining close to Lampasas, Fiesta Winery, Stoneledge Winery, and Colorado Bend State Park. With quality Hill Country acreage becoming increasingly difficult to find at this price per acre, this tract offers an appealing opportunity for buyers looking for land to build, recreate, hunt, or hold as a long-term investment.

Investor Tools

$0Estimated Mortgage Balance
$529,000Estimated 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
$3,174 /month
Positive
Cash Flow Estimate:
$1,058 /month

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James Banks

Shipley Ranches LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$238/month
5.947%

City: Lampasas

Lot 2A Private Road 1240 | Property Details | No Agent List