Date
Details
Price
Change
Source
3/16/2026
Listed
$1,499,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
SIGNIFICANT PRICE INCENTIVE OFFERED FOR QUICK CASH CLOSING! Spectacular opportunity to capitalize on a property which provides an established built-in 12 Pad RV Development, 3 Income Producing Cabins, income producing Garden, (2) Single Family homes, and you still have +/- 15 acres left for further expansion! This stunning property is strategically located with +/- 1700 feet of frontage on N US Hwy 281 and +/- 600 feet of frontage on E FM 581. Current TxDot traffic study indicates +/- 5,000 daily cars pass this site. With the already in process, major Highway 281 expansion from Evant to Lampasas, this property benefits from even more future daily traffic volume and visibility! Many tremendous uses for this property from an ideal location of major Convenience Store/Truck Stop, Restaurant, RV Park and Cabin expansions, Multi Generational, Short Term Rentals, Air BnB, and the list keeps going! The two stunning Single Family Properties on this property include a Historical Home built in +/- 1870. This master piece has been tastefully restored in many ways and is located along Highway 281. This beautiful home was hand crafted with 20" thick stone walls and displays absolutely stunning beam and wood work! Featuring +/- 1500 square feet, 3 bedrooms/1 bathroom, plus expansive decking and balcony space. It also includes a large underground cellar/storm shelter! The newer 2022 year built, Barndo features luxurious finishes! 2-story ceilings, extensive recessed lighting, wood cabinetry, granite countertops and a show stopper of a screened Patio overlooking a huge Oak Tree Grove. Featuring +/- 1700 square feet, 3 beds, 2 baths, large living/kitchen/dining and a large laundry room. The RV Development is equipped with 12 Large Pad Sites, with full utility hook ups. Additionally, a communal building provides multiple washer/dryers plus 2 additional bathrooms. Don't forget about the 3 Income Producing Cabins featuring bathrooms, kitchens and sleeping spaces!
Full Property Details
Full Property Details for 16588 N US Hwy 281 Hwy
General
- Price: $1,499,999
- Taxes: $573 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 5051100
- Updated: 3/16/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Breakfast Bar, Ceiling Fan(s), Granite Counters, High Ceilings, In-Law Floorplan, Main Level Primary, No Interior Steps, Open Floorplan, Recessed Lighting, See Remarks, Vaulted Ceiling(s), Natural Woodwork
- Fireplace(s): See Remarks
- Appliances: Built-In Electric Range, Dishwasher, Disposal
- Flooring: Concrete
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 3
Other Rooms
- Laundry: Laundry Room, Washer Hookup, Electric Dryer Hookup
Additional Information
- Shared Amenities: Kitchen Facilities, Laundry Facilities, Trails/Paths
Exterior
- Exterior Features: Garden, No Exterior Steps, RV Hookup
- Porch/Patio/Deck: Covered, Front Porch, Screened
Parking
- Total Spaces: 6
- Parking Features: Circular Driveway, Gravel, Oversized, See Remarks
Location
- Area: LP
- County: Lampasas
- Subdivision: William Jones
- Driving Directions: From Lampasas, North on US Highway 281. When you get to Adamsville, Property on Right or can turn right on E FM 581 (Blinking Light) and property will be on your right. Can be accessed from N US Hwy 281 and also E FM 581
School Information
- Elem School District: Lampasas ISD
- Midd School District: Lampasas ISD
- High School District: Lampasas ISD
- Elementary School: Hanna Springs
- Middle School: Lampasas
- High School: Lampasas
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Septic Tank, See Remarks
- Water: Public, See Remarks, Well
- Well: Yes
- Utility Description: Electricity Connected, Phone Available, See Remarks, Water Available, Water Connected, Underground Utilities
Structural Information
- Detached/Attached: Detached
- Construction: Metal Siding
- Roof: Metal
- Stories/Levels: 1
- Square Feet: 1,700
- Sq. Ft. Source: Owner
- Living Area: 1,700 Sq. Ft.
- Year Built: 2022
- Year Built Source: Owner
- Property Condition: Resale
Additional Structures
- Other Structures: Guest House, Second Residence, Residence, See Remarks
Lot Features
- Property View: Hills, Panoramic, Pasture, Trees/Woods
- Lot Size (Acres): 20.88
- Lot Size (Sq. Ft.): 909,532.8
- Fence: Yes
- Lot Features: Agricultural, Farm, Gentle Sloping, See Remarks, Trees Large Size, Views
- Fencing (Description): Barbed Wire, Wire
Water Features
- Water Front Desc.: Seasonal
Financial Considerations
- Assessment Amount: $314,750
- Tax Amount: $573.36
- Tax Year: 2025
- Terms: Cash, Committed Funds, Conventional, 1031 Exchange, Owner May Carry
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial, Profit/Loss Statement, Survey
- Multiple Parcels: Yes
- Legal Description: ACR: 20.88 ACRES ABST: 0430 SURV: WILLIAM JONES
- Disclosures/Reports: Lead Based Paint Disclosure, Seller Disclosure
- Property ID: 11164
Listed by Renfrew Real Estate LLC
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Or call us at (800) 531-7667
Listing agent
— 16588 N US Hwy 281 Hwy —
Renfrew Real Estate LLC
(512) 775-7921
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 16588 N US Hwy 281 Hwy
School District:Lampasas Independent School District
| Name | Grades | Distance |
|---|---|---|
Hanna Springs Elementary School 604 East Avenue F, Lampasas, TX 76550 | PK-5 | 6.8 mi |
Lampasas Middle School 902 South Broad Street, Lampasas, TX 76550 | 6-8 | 7.7 mi |
Lampasas High School 2716 S Hwy 281, Lampasas, TX 76550 | 9-12 | 9.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 16588 N US Hwy 281 Hwy
Tax History
Tax History for 16588 N US Hwy 281 Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$539
-59%
$111,760
1%
2022
$1,314
—
$110,930
-3%
2022
$1,314
—
$113,980
4%
2022
$1,314
-9%
$109,900
-22%
2021
$1,437
-15%
$140,770
69%
2020
$1,686
10%
$83,140
15%
2017
$1,536
2%
$72,190
1%
2016
$1,505
—
$71,710
—
2015
$1,498
-3%
$71,710
-5%
2019
$1,543
30%
$75,580
34%
2013
$1,187
24%
$56,570
—
2012
$957
—
$56,570
—
Disclaimer: Historical tax 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 16588 N US Hwy 281 Hwy
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16588 N US Highway 281 Highway, Lampasas, TX 76550 (MLS# 5051100) is a Single Family property with 3 bedrooms and 2 full bathrooms. 16588 N US Highway 281 Highway is currently listed for $1,499,999 and was received on March 16, 2026. Want to learn more about 16588 N US Highway 281 Highway? Do you have questions about finding other Single Family real estate for sale in Lampasas? You can browse all Lampasas real estate or contact a Coldwell Banker agent to request more information.