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Keenan Group#1 Austin Board of Realtors Team 2024

$795,000

2Beds
2.5Baths
1,177Sq Ft
30.57 acresLot
Pending

123 Private Road 138, Lampasas, TX 76550

Lampasas·MLS# 4500890·Built 1980

2 bed, 2 bath, 1,177 sqft on 30.57 acres in Lampasas. Lampasas, TX 76550. $795,000. Lampasas ISD.

About This Home

Welcome to a glorious 30.57 acres of pristine beauty awaiting you. This sprawling property is a haven of natural splendor, featuring majestic legacy live oaks and a meticulously remodeled 2,000 +/- sqft home nestled under the shade of grand Spanish Oaks. Accompanying the residence are notable structures designed to enhance your ranch living experience. A substantial 3,750 sqft barn, a 500 sqft Storage Barn, and an insulated backhouse, perfect for a fixer-upper guest cottage or a rustic hunter's cabin, complete this retreat. Enjoy the convenience of co-op water and electricity, ensuring all the comforts of modern living. The property is secured by a chip-sealed paved private road and a keypad gated entrance, offering not just convenience but an added layer of security. The tastefully modern ranch-style home provides spacious living quarters, complemented by two barns that offer ample storage space and potential for livestock or equipment. The property's crowning glory is its breathtaking hill country views toward Lampasas, creating a serene backdrop for outdoor activities or simple relaxation on your porch. This ranch is a harmonious blend of privacy, convenience, and natural beauty, providing an ideal setting for a peaceful and fulfilling lifestyle in the great outdoors. Other Improvements: Modern conveniences abound with electricity, a Corix waterline, and chip-sealed paved road frontage enhancing the property's infrastructure. (Buyers agent must be identified on the first contact and must accompany buyer prospect on all showings to be allowed full participation. If this condition is not met, fee participation will be at the sole discretion of Shipley Ranches, Broker). The information contained herein is understood to be accurate and reliable, but it is not guaranteed. Please verify all information before using the information contained herein for decision-making purposes.

Property Type
Residential
Year Built
1980
Lot Size
30.57 acres
Price / Sq Ft
$675

Listing information last updated January 28, 2026.

Listed by Shipley Ranches

MLS# 4500890 • Pending

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

Generous 30.57-acre lot
Welcome to a glorious 30.57 acres of pristine beauty awaiting you
Accompanying the residence are notable structures designed to enhance your ranch living experience
Enjoy the convenience of co-op water and electricity, ensuring all the comforts of modern living
If this condition is not met, fee participation will be at the sole discretion of Shipley Ranches, Broker)
The information contained herein is understood to be accurate and reliable, but it is not guaranteed

Facts & Features

Exterior & Lot
Lot Size
30.57 Acres
Financial
Original List Price
$795,000
Price per Sq Ft
$675

Transaction History

1 record on file

Every recorded listing, sale, and lease at 123 Private Road 138, whoever represented it.

  1. PendingListed 2023
    Current price: $795,000Original list: $795,000MLS 4500890

Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.

Price & Listing History

Listing timeline with current price, original ask, and market time.

View Timeline
Current list
$795,000
Original list
$795,000
Price movement
No verified reduction
Listed / DOM
Dec 7, 2023 · 1,043 days

Virtual Tour

Virtual tour of 123  Private Road 138
Map showing 123  Private Road 138
123 Private Road 138
Directions

Zoned Schools

Lampasas ISD

1 High School1 Middle School1 Elementary School

Lampasas

High SchoolGrades 9-12Zoned assignment

Lampasas

Middle SchoolGrades 6-8Zoned assignment

Kline Whitis

ElementaryGrades K-5Zoned assignment

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.

Principal & interest
$4,404

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

20% ($159K)

Adjustable assumption - not a lending recommendation.

$795,000

Loan: $636K
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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List price

$795,000

Price per sqft

$675/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

1,043 days

Original to current

No verified reduction

$795K original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.

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Frequently Asked Questions

How much is 123 Private Road 138?

123 Private Road 138 is listed at $795,000 with 2 bedrooms, 2 full, 1 half bathrooms, 1,177 square feet, 30.57-acre lot. This places it above the ZIP 76550 single-family closed-sale median price of $328,400 (ZIP 76550 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 15, 2026).

What school district is 123 Private Road 138 in?

123 Private Road 138 is zoned for Lampasas ISD with assigned schools: Kline Whitis (elementary), Lampasas (middle), Lampasas (high). School assignments should be verified directly with the district.

What are the property details for 123 Private Road 138?

123 Private Road 138 is a Residential built in 1980 featuring 2 bedrooms, 2 full, 1 half bathrooms, 1,177 square feet, 30.57-acre lot.

How should a buyer estimate the monthly payment for 123 Private Road 138?

This page does not assume a mortgage rate or publish a monthly payment for 123 Private Road 138. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 123 Private Road 138 compare with other homes in Lampasas?

As of Oct 15, 2026, 123 Private Road 138 is offered at $795,000. The current MLS snapshot shows 52 active listings in 76550.

When was 123 Private Road 138 built?

123 Private Road 138 was built in 1980 (46 years ago). Buyers should budget for potential updates to major systems.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Lampasas

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

Unlock MLSMLS GRID

Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 10/15/2026, 9:52:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated: 10/15/2026, 9:52:02 AM

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