
3 bed, 3 bath, 3,800 sqft on 340.00 acres in N/A. Lampasas, TX 76550. $7,900,000. Lampasas ISD.
The R&R Riverbend Ranch presents a rare opportunity to own 340 acres in the highly sought-after Lampasas River Valley, featuring nearly two miles of frontage along the Lampasas River. Properties offering this combination of acreage, substantial river frontage, productive agricultural land, exceptional views, and newly constructed improvements are increasingly difficult to find in the Texas Hill Country.
At the heart of the ranch is a fertile river valley with a long history of agricultural production. The property includes approximately 180 acres of cultivated bottomland, currently utilized for hay production and winter wheat grazing. The field is believed to be the oldest continually cultivated field in Lampasas County, adding a unique layer of history and character to an already remarkable property.
Perched above the river valley, the newly constructed ranch headquarters takes full advantage of the property's elevated setting and panoramic views. The improvements include a custom-built main residence, an adjoining custom guest house, and a large metal storage and equipment barn. Thoughtfully designed for both comfortable ranch living and entertaining, the residences feature open floor plans, expansive windows, abundant natural light, and exceptional views across the ranch and surrounding countryside. Despite the expansive vistas, the headquarters maintains a strong sense of privacy and seclusion.
Water resources are abundant throughout the ranch. Two ponds are located on the elevated western portion of the property and are fed by wet-weather drainage creeks. The larger pond has proven remarkably reliable, maintaining water even through periods of drought, and offers recreational fishing opportunities for bass and perch. The eastern portion of the ranch encompasses nearly two miles of meandering Lampasas River frontage, providing an exceptional recreational and scenic component.
Verified property facts
15104 N Hwy 281 is listed at $7,900,000 with 3 bedrooms, 3 full, 1 half bathrooms, 3,800 square feet, 340.00-acre lot.
15104 N Hwy 281 is zoned for Lampasas ISD with assigned schools: Hanna Springs (elementary), Lampasas (middle), Lampasas (high). School assignments should be verified directly with the district.
15104 N Hwy 281 is a Farm built in 2025 featuring 3 bedrooms, 3 full, 1 half bathrooms, 3,800 square feet, 340.00-acre lot.
15104 N Hwy 281 is listed by West and Swope Ranches. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 25, 2026.
This page does not assume a mortgage rate or publish a monthly payment for 15104 N Hwy 281. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
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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% ($1.6M)
Adjustable assumption - not a lending recommendation.
$7,900,000
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List price
$7,900,000
Price per sqft
$2,079/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
21 days
Original to current
No verified reduction
$7.9M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Sep 25, 2026.
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The MLS listing marks 15104 N Hwy 281 as waterfront. The reported waterfront feature is Pond, River Front. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
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