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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
10.74 Acres in Burnet County This AG EXEMPT property is located in the exclusive, gated ranch community of Homestead Hills. Offering the perfect setting to build your custom Hill Country ranch home, this property features breathtaking, unobstructed views and a serene, peaceful atmosphere. Enjoy the tranquility and privacy that this exceptional location provides, making it an ideal spot for your dream ranch retreat.
Land Tucked away on a private cul-de-sac, this lot features an appealing sloping topography with several potential build sites. You can create scenic pathways through the cedar trees to preserve your privacy while unveiling stunning views at the back of the property. The land backs up to a 500+ acre ranch, offering added seclusion and natural beauty.
Utilities: • Power: Available • Water: Well needed • Sewer: Septic needed • Internet: Starlink is best option
Homestead Hills The large concrete entrance off county road 101 leads to an impressive gate constructed of limestone and metal. The development has concrete private roads throughout. There's a community ag exemption in place to help lower property taxes. The development has light restrictions to preserve your investment (ie. Barndominiums and commercial activities are allowed)
Location Homestead Hills is located 2.3 miles from US 281 • 16 miles to Burnet • 37 miles to Liberty Hill • 71 miles to downtown Austin
Property Type
Land
Lot Size
10.74 acres
HOA
$400/mo
Listed by Longhorn Realty, LLC
Property Details
Lot Features
Fencing
Verified property facts
122 Reserve Way is zoned for Lampasas ISD with assigned schools: Kline Whitis (elementary), Lampasas (middle), Lampasas (high). School assignments should be verified directly with the district.
122 Reserve Way is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 122 Reserve Way is $10. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($31,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 122 Reserve Way is around $826 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
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Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Homestead Hills
Listing timeline with current price, original ask, and market time.
Lampasas ISD
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($32K)
$159,000
Luxury property intelligence
A sourced read on Homestead Hills pricing, timing, and property scale. No automated valuation claim.
List price
$159,000
Price per sqft
Not available
Vs. Homestead Hills median
Not available
Days on market
721 days
Original to current
$35.9K reduction
$194.9K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 1, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $159,000, 122 Reserve Way is in the Homestead Hills market where there are currently 39 active listings in 76550.
122 Reserve Way is part of a managed community with HOA dues of $400 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Active listings near 122 Reserve Way
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