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$980,000
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Property Description
Offered at $980,000, this is an opportunity to own an 86 acre property with incredible views, highway frontage and investment potential in one of the Hill Country's most sought-after regions. Location: Located just minutes from Lometa, this 86-acre Hill Country ranch offers sweeping long-range views, approximately 1700 feet of Highway 581 frontage, and exceptional versatility for cattle, recreation, or investment. A seasonal creek winds through the property, enhancing its natural character and appeal. The ranch is easily accessible from both Highway 581 and County Road 2745-just 9 minutes from Lometa and roughly 1 hour and 30 minutes from Austin. With electricity on-site and a water line along Highway 581, this property is well-positioned for future development, a premier homestead, or continued agricultural use. History: This parcel was once part of the historic Wagon Wheel Ranch - a notable operation recognized for its high-quality horse breeding and cattle program throughout much of the 20th century. The land reflects the authentic ranching heritage that defines this region, offering a rare opportunity to own a piece of Hill Country history with investment potential. Land: Situated in the heart of Lampasas County, this 86-acre ranch offers a blend of usability, scenic beauty, and investment potential. The land is primarily flat with gentle rolling terrain, providing exceptional grazing opportunities for cattle or other livestock. A wet-weather creek meanders through the property, adding natural character and seasonal water features that enhance both ranching and recreational appeal. Electricity is on-site, and a community water line runs along FM 581-making this ranch well-suited for development, continued agricultural use, or long-term investment. Property is currently under Agriculture exemption.
Full Property Details
Full Property Details for 247 E Fm 581 Hwy
General
- Price: $980,000
- Taxes: $266 (2025)
- Status: Active
- Type: Farm
- Source: Austin_MLS
- MLS ID: 8349622
- Updated: 11/10/2025
- Added to Site: 124 day(s) ago
Location
- Area: LP
- County: Lampasas
- Subdivision: None
- Driving Directions: From Lometa head North East 6 miles down FM 581 and the property is on your left.
School Information
- Elem School District: Lometa ISD
- Midd School District: Lometa ISD
- High School District: Lometa ISD
- Elementary School: Lometa
- Middle School: Lometa
- High School: Lometa
Utilities
- Utility Description: Electricity Available, Water Available
Structural Information
- Detached/Attached: Detached
Additional Structures
- Other Structures: Corral(s)
Lot Features
- Property View: Hills
- Lot Size (Acres): 86
- Lot Size (Sq. Ft.): 3,746,160
- Fence: Yes
- Lot Features: Agricultural, Gentle Sloping, See Remarks, Views
- Fencing (Description): See Remarks
Water Features
- Water Front Desc.: Creek, Seasonal
Financial Considerations
- Assessment Amount: $19,470
- Tax Amount: $266.95
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: See Remarks
- Legal Description: +/- 86 Acres out of ACR: 182.0208 ABST: 0322 SURV: JOHN HASMANN
- Disclosures/Reports: None
- Property ID: 155748
Listed by Allen Cowden, Broker
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Schools
Schools serving 247 E Fm 581 Hwy
School District:Lometa Independent School District
| Name | Grades | Distance |
|---|---|---|
Lometa School 8th and Main, Lometa, TX 76853 | PK-12 | 0.4 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 247 E Fm 581 Hwy
Date
Details
Price
Change
Source
11/10/2025
Listed
$980,000
—
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 247 E Fm 581 Hwy
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