Date
Details
Price
Change
Source
7/20/2026
Listed
$1,550,000
—
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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Property Description
The Shepperd Ranch is a rare opportunity to own a turnkey ranch that offers the perfect balance of comfortable country living, productive cattle operations, quality hay production, and outstanding hunting and recreational value. Located just 2.8 miles south of US Highway 190 in western Lampasas County near Lometa, this 117± acre property features over 2,000 feet of paved County Road 2400 frontage and is ready for immediate enjoyment. The recently remodeled 1,664± square foot Austin stone home offers 2 bedrooms and 2 bathrooms with numerous updates including a new flooring, paint, doors, plumbing, and HVAC. A two-car attached carport, pipe-fenced yard, towering live oaks, and breathtaking 20-mile views create an exceptional homesite. A Corex water meter is at the house, in addition to the water well. Designed with livestock in mind, the ranch includes a 44'x44' metal workshop on a concrete slab, covered cattle working facilities, two water wells, a well house, and excellent cross fencing. Three improved Coastal Bermuda fields have consistently produced over seven round bales per acre on the first cutting, while a fourth field is ready for Coastal or winter wheat. Four additional native grass pastures provide an ideal setup for rotational grazing. A new solar-powered water well supplies three concrete troughs serving both livestock and wildlife. Antelope Creek meanders through the ranch for over 1,900 feet, featuring scenic limestone bluffs, mature pecan trees, and a deep stock pond. Whether you're looking for a full-time residence, weekend retreat, cattle operation, hay farm, or hunting property, the Shepperd Ranch delivers an exceptional combination of beauty, productivity, and recreation that is difficult to find in this size range.
Full Property Details
Full Property Details for 2992 County Rd 2400
General
- Price: $1,550,000
- Taxes: $3,921 (2026)
- Status: Active
- Type: Farm
- Source: Austin_MLS
- MLS ID: 4925821
- Updated: 7/20/2026
- Added to Site: 1 day(s) ago
Interior
- Fireplace: Yes
Location
- Area: LP
- County: Lampasas
- Subdivision: none
- Driving Directions: Directions from 190, drive north on CR 2400.
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
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Fireplace(s)
Utilities
- Sewer: Septic Tank
- Water: Public, Well
- Well: Yes
- Utility Description: Electricity Connected, Water Connected
Structural Information
- Detached/Attached: Detached
Additional Structures
- Other Structures: Barn(s), Shed(s)
Lot Features
- Property View: Hills, Pond, Pasture, Rural, Creek/Stream
- Lot Size (Acres): 117
- Lot Size (Sq. Ft.): 5,096,520
- Fence: Yes
- Topography: Rolling
- Lot Features: Agricultural, Farm, Trees Large Size, Views, Rolling Slope
- Potential Use: Cattle, Grazing
- Fencing (Description): Fenced, Pipe
Horse Property
- Horse Property: Yes
- Horse Facility Desc.: Paddocks
Water Features
- Water Front Desc.: Creek
Financial Considerations
- Assessment Amount: $1,163,630
- Tax Amount: $3,921.95
- Tax Year: 2026
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial, Survey
- Multiple Parcels: Yes
- Legal Description: .959 ACRE ABST: 0720 SURV: E WINSTON
- Disclosures/Reports: Seller Disclosure
- Property ID: 13549, 13548
Listed by Keller Williams Brazos West
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Or call us at (800) 531-7667
Listing agent
— 2992 County Rd 2400 —
Keller Williams Brazos West
(817) 279-6996
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 2992 County Rd 2400
School District:Lometa Independent School District
| Name | Grades | Distance |
|---|---|---|
Lometa School 8th and Main, Lometa, TX 76853 | PK-12 | 7.1 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 2992 County Rd 2400
Tax History
Tax History for 2992 County Rd 2400
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,922
-9%
$296,780
—
2022
$4,310
—
$296,180
-5%
2022
$4,310
—
$312,420
19%
2022
$4,310
36%
$261,840
50%
2021
$3,159
-2%
$174,240
5%
2020
$3,232
2%
$165,320
3%
2019
$3,156
—
$161,000
4%
2018
$3,151
—
$154,870
—
2017
$3,160
8%
$154,870
6%
2016
$2,936
1%
$146,060
1%
2015
$2,905
4%
$144,310
4%
2014
$2,796
108%
$139,180
—
2012
$1,343
—
$139,180
—
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 2992 County Rd 2400
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Want to learn more about 2992 County Road 2400? Do you have questions about finding other Farm real estate for sale in Lometa? You can browse all Lometa real estate or contact a Coldwell Banker agent to request more information.