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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, offering compelling value in today’s Texas Hill Country land market. Located just west of Lampasas off FM 580 in the gated Double Ott Ranch community, this tract combines usable acreage, existing infrastructure, and a desirable location at an increasingly hard-to-find price per acre. The property features mature hardwoods, scenic Hill Country views, a pond, and abundant wildlife, providing an attractive setting for a custom home, recreational retreat, hunting property, or small ranch. A current agricultural exemption helps keep carrying costs manageable, while horses are permitted and hunting is allowed in accordance with applicable regulations. Corix waterline and electricity are available at the property frontage, adding significant value and simplifying plans for future improvements. Light deed restrictions provide flexibility while helping preserve the character of the ranch, and annual private road maintenance is approximately $5 per acre. Enjoy the privacy and space of nearly 50 acres while remaining convenient to Lampasas and nearby Hill Country destinations including Fiesta Winery, Stoneledge Winery, and Colorado Bend State Park. With additional tracts ranging from approximately 21 to 150 acres, Double Ott Ranch presents a unique opportunity to secure quality Hill Country acreage at an attractive price per acre in today’s market.

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

Interested in this property?

James Banks

Shipley Ranches

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Financing Details

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

City: Lampasas