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$3,750,000 -$750,000 (-16.67%) Price Reduced
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Property Description & Video
19348 US Hwy 281, Lampasas, TXVideo Tour of 19348 US Hwy 281, Lampasas, TX.
RACE RANCH 19348 N US Highway 281 | Lampasas, TX 76550387.35± Acres Race Ranch is an exceptional 387.35± acre legacy family ranch offering a rare blend of quality improvements, productive land, recreational appeal, and convenient frontage along US Highway 281 in Lampasas County. Ideal as a luxury homestead, working ranch, or recreational retreat, the property is thoughtfully improved and well positioned for long-term enjoyment or investment. At the heart of the ranch is a custom Santa Fe-inspired Southwest residence built in 2020. The 2,525± SF single-family home features 3 bedrooms and 3 full baths & showcases an open-concept design with high wood-beam ceilings, hand-laid Saltillo tile flooring, custom cabinetry, solid-surface countertops, quality built-ins, and expansive windows overlooking a scenic pond. A custom adobe fireplace anchors the living area, while covered patios provide excellent outdoor living space. An in-ground private pool further enhances the home's resort-style appeal. Ranch Improvements & Structures "¢ Shop with office & workshop space "¢ Equipment shed & additional storage buildings "¢ Barns & outbuildings suitable for ranch operations "¢ Guest house with covered outdoor patio Land, Water & Agricultural Features "¢ Approximately 381.79± acres with pipe & ranch fencing "¢ 40± acres of improved pasture currently producing hay "¢ Agricultural lease in place for grass, crops, & hunting "¢3 ponds/stock tanks & a wet-weather creek Conveniently located with privacy for one impressive Ranch.
Full Property Details
Full Property Details for 19348 US Hwy 281
General
- Price: $3,750,000
- Status: Active
- Type: Farm
- Source: Highland_Lakes_MLS
- MLS ID: 176237
- Updated: 3/5/2026
- Added to Site: 50 day(s) ago
Business
- Misc. Information: Fireplace, Patio/Deck, Smoke Detectors, Swimming Pool
Interior
- Appliances: Dishwasher, Washer Hookup
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Location
- County: Lampasas
- Subdivision: None
- Driving Directions: From Lampasas, north on Highway 281 for approximately 20 miles, subject is on the right.
School Information
- High School District: Lampasas
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Water: Well
- Utility Description: Electricity Available
Structural Information
- Construction: Wood Siding, Stone
- Foundation: Slab
- Roof: Tile
- Square Feet: 2,525
- Sq. Ft. Source: Agent
- Living Area: 2,525 Sq. Ft.
- Year Built: 2020
Unit Information
- Residential Units: 2
Lot Features
- Property View: Hill Country
- Lot Size (Acres): 387.35
- Frontage: Highway
- Fence: Yes
- Lot Description: Partial Wooded, Rolling, View
- Fencing (Description): Barbed Wire, Pipe
Horse Property
- Horse Property: Yes
Water Features
- Water Front View: No
Green Features
- Energy Efficient: Ceiling Fan(s)
Financial Considerations
- Price Per Sq. Ft.: $9,681.17
Disclosures and Reports
- Legal Description: ACR: 381.79 ABST: 0717, 0355, 0115 SURV: JOSEPH WALKER HT&BRR CO & TR 22, 23 RIVER BEND RANCH
- Property ID: 151828
Listed by Texas Ranch Brokers LLC, John Colvin and Herbst Real Estate Services, Dennis Herbst
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Schools
Schools serving 19348 US Hwy 281
School District:Lampasas Independent School District
| Name | Grades | Distance |
|---|---|---|
Hanna Springs Elementary School 604 East Avenue F, Lampasas, TX 76550 | PK-5 | 18.5 mi |
Lampasas Middle School 902 South Broad Street, Lampasas, TX 76550 | 6-8 | 19.4 mi |
Lampasas High School 2716 S Hwy 281, Lampasas, TX 76550 | 9-12 | 20.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 19348 US Hwy 281
Date
Details
Price
Change
Source
3/05/2026
Price Reduced
$3,750,000
-16.67%
MLS
1/20/2026
Listed
$4,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Estimate the Cost for 19348 US Hwy 281
Want to learn more about 19348 US Hwy 281? Do you have questions about finding other Farm real estate for sale in Lampasas? You can browse all Lampasas real estate or contact a Coldwell Banker agent to request more information.

