#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
lot 58 (122 Reserve Way)- Homestead Hills Subdivision| Lampasas
Welcome to your private piece of the Texas Hill Country! Tucked away at the end of a quiet cul-de-sac, this premium 10.74-acre estate in the highly desirable, gated Homestead Hills subdivision offers the perfect blend of luxury, privacy, and rugged natural beauty. The property boasts a gently sloping topography characterized by dense pockets of mature cedar trees, creating natural privacy screens and a serene, park-like atmosphere. Ascend to the elevated, cleared custom build site where you can design your dream home to capture panoramic, unobstructed long-range views of the surrounding valleys. Whether you want to build a luxury custom estate, establish a small multi-species hobby ranch, or simply enjoy the peace of country living, this property delivers. Benefit from the existing Ag-Exemption, keeping your holding costs and property taxes incredibly low. Located within the highly-rated Lampasas ISD, you get the best of rural tranquility without sacrificing excellent educational opportunities and community standards. Deed restrictions are in place to protect your investment and maintain the community's upscale aesthetic. Electricity is available at the road; private well and septic are required. Do not miss this rare opportunity to own a massive, double-digit acreage lot on a premium cul-de-sac street. Schedule your private tour today!
Property Type
Farm
Lot Size
10.74 acres
HOA
$400/mo
Listed by Texas Ranch Brokers LLC
Property Details
Lot Features
Fencing
Waterfront
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.
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 $1,117 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $159,000, 122 Reserve WAY is in the Homestead Hills market where there are currently 39 active listings in 76550.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
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
35 days
Original to current
No verified reduction
$159K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Aug 1, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
122 Reserve WAY includes verified waterfront access: See Remarks. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
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.
Best Match
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