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$850,000 -$75,000 (-8.11%) Price Reduced
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Property Description
Located just outside of Hico, Texas, this 37± acre property sits directly on U.S. Highway 281, offering prime visibility and easy access with a double-gated entrance off the paved road. With an estimated 4,500 to 7,800 vehicles passing daily, this tract is ideal for development, investment, or recreational use. The land is fully fenced and includes a deep Second Trinity water well, three-phase power, and three stock tanks-one of which has the potential to be expanded into a large lake. Extensive clearing and maintenance have already been completed, making the property ready for a variety of uses. Hico is located near the top of the scenic Texas Hill Country at the intersection of Highways 281, 6, and 220, and is just a short drive from Dallas, Fort Worth, Austin, and Waco. It's also only 30 minutes from Tarleton State University in Stephenville, adding value for those looking at future residential or rental development. The town draws thousands of visitors each year with its charming downtown, the Billy the Kid Museum, and the nearly 50-acre Hico City Park, which features RV sites, hike and bike trails, playgrounds, and event facilities. Outdoor recreation abounds in the surrounding countryside, with opportunities for hunting, fishing, and horseback riding. Popular nearby attractions include Dinosaur Valley State Park, Circle T Arena, Fossil Rim Wildlife Center, and Dublin Bottling Works. Hico also hosts the annual Texas Steak Cookoff each May, drawing more than 10,000 visitors to town. With its location, utilities, and proximity to local attractions and a major university, this property is a rare opportunity in a growing Hill Country destination.
Full Property Details
Full Property Details for Tbd Hwy 281
General
- Price: $850,000
- Taxes: $56
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21023609
- Updated: 5/4/2026
- Added to Site: 274 day(s) ago
Location
- County: Hamilton
- Subdivision: NA
- Driving Directions: Just outside of Hico, Texas, towards Hamilton, see the sign.
School Information
- Elem School District: Hico ISD
- Midd School District: Hico ISD
- High School District: Hico ISD
- Elementary School: Hico
- High School: Hico
Utilities
- Water: Well
- Well: Yes
- Utility Description: Electricity Available, Overhead Utilities, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Agricultural, Orchard
Lot Features
- Lot Size (Acres): 37.08
- Lot Size (Sq. Ft.): 1,615,204.8
- Lot Features: Acreage
- Zoning: NONE
Financial Considerations
- Tax Amount: $56
Disclosures and Reports
- Legal Description: 534 M MORA; ACRES: 37.08
- Property ID: R21027
Listed by Cobb Ranch Properties, Llc, Tai Cobb Klam
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Price & Sales History for Tbd Hwy 281
Date
Details
Price
Change
Source
5/04/2026
Price Reduced
$850,000
-8.11%
MLS
8/05/2025
Listed
$925,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for Tbd Hwy 281
Tbd Highway 281, Hico, TX 76457 (MLS# 21023609) is a Lots/Land property with a lot size of 37.08 acres. Tbd Highway 281 is currently listed for $850,000 and was received on August 05, 2025. Want to learn more about Tbd Highway 281? Do you have questions about finding other Lots/Land real estate for sale in Hico? You can browse all Hico real estate or contact a Coldwell Banker agent to request more information.

