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$1,395,000 Just Listed
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Property Description
Prime 68.35± acre recreational ranch located 21 miles north of Lampasas on N US Hwy 281. This property offers approximately 3,400 feet of Lampasas River frontage along the east boundary and 1,400 feet of Freeman Branch (wet weather creek) on the north boundary, providing excellent water features and wildlife habitat. With over 3,000 feet of highway frontage, access and visibility are outstanding. The ranch features towering Live Oak, Post Oak, Elm, Pecan, and other native hardwoods scattered throughout. Approximately 10 acres are currently in productive coastal hay, plus an additional 2-acre field on the south end-ideal for grazing or conversion to wildlife food plots. Improvements include a 1995 double-wide manufactured home with 3 bedrooms and 2 baths, suitable as a weekend retreat or guest house. Additional structures include a small tractor barn and an old rock house used for storage. One water well services the home and water troughs. Hamilton Electric Co-op provides electricity. Abundant wildlife includes deer, turkey, dove, and waterfowl. The property is under agricultural exemption for low taxes. Excellent recreational, hunting, or investment opportunity with river frontage and prime highway access.
Full Property Details
Full Property Details for 21109 N U.S. Hwy 281
General
- Price: $1,395,000
- Taxes: $1,928 (2025)
- Status: Active
- Type: Farm
- Source: Austin_MLS
- MLS ID: 5386359
- Updated: 2/18/2026
- Added to Site: 7 day(s) ago
Location
- Area: LP
- County: Lampasas
- Subdivision: NONE
- Driving Directions: From Key Ave in Lampasas, head North on US HWY 281 N. for approximately 21 miles. Property will be on the Left side of highway.
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, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Water: Well
- Well: Yes
- Utility Description: Electricity Connected
Structural Information
- Detached/Attached: Detached
Additional Structures
- Other Structures: Barn(s), Mobile Home, Shed(s)
Lot Features
- Property View: Hills, River
- Lot Size (Acres): 68.58
- Lot Size (Sq. Ft.): 2,987,344.8
- Fence: Yes
- Lot Features: Agricultural, Rolling Slope, Many Trees, Views
- Fencing (Description): Barbed Wire
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lampasas River
- Water Front Desc.: Creek, River Front
Financial Considerations
- Assessment Amount: $123,990
- Tax Amount: $1,928.3
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial
- Multiple Parcels: Yes
- Legal Description: ACR: 1.35 ACRES ABST: 0187 SURV: JOHN T EDWARDS; LEGAL DESCRIPTION: ACR: 39.7 ACRES ABST: 0187 SURV: JOHN T EDWARDS LocCd:108;ACR: 27.3 ACRES ABST: 0187 SURV: JOHN T EDWARDS LocCd:108
- Disclosures/Reports: Seller Disclosure
- Property ID: 9422
Listed by Texas Ranch Brokers LLC
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Schools
Schools serving 21109 N U.S. Hwy 281
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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 21109 N U.S. Hwy 281
Date
Details
Price
Change
Source
2/13/2026
Listed
$1,395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 21109 N U.S. Hwy 281
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,928
134%
$123,990
1%
2022
$825
—
$122,280
—
2022
$825
—
$122,570
7%
2022
$825
42%
$114,970
58%
2021
$582
-49%
$72,920
29%
2020
$1,145
-11%
$56,460
-6%
2018
$1,283
1%
$60,320
-3%
2019
$1,268
9%
$62,110
13%
2017
$1,167
1%
$54,840
—
2016
$1,156
—
$55,080
—
2015
$1,151
5%
$55,080
6%
2014
$1,091
136%
$52,000
—
2012
$462
—
$52,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Want to learn more about 21109 N US Highway 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.

