247 E Fm 581 Highway, Lometa, TX 76853

Offered at $980,000, this is an opportunity to own an 86 acre property with incredible views, highway frontage and investment potential in one of the Hill Country’s most sought-after regions.

Location: Located just minutes from Lometa, this 86-acre Hill Country ranch offers sweeping long-range views, approximately 1700 feet of Highway 581 frontage, and exceptional versatility for cattle, recreation, or investment. A seasonal creek winds through the property, enhancing its natural character and appeal. The ranch is easily accessible from both Highway 581 and County Road 2745—just 9 minutes from Lometa and roughly 1 hour and 30 minutes from Austin. With electricity on-site and a water line along Highway 581, this property is well-positioned for future development, a premier homestead, or continued agricultural use.

History: This parcel was once part of the historic Wagon Wheel Ranch — a notable operation recognized for its high-quality horse breeding and cattle program throughout much of the 20th century. The land reflects the authentic ranching heritage that defines this region, offering a rare opportunity to own a piece of Hill Country history with investment potential.

Land: Situated in the heart of Lampasas County, this 86-acre ranch offers a blend of usability, scenic beauty, and investment potential. The land is primarily flat with gentle rolling terrain, providing exceptional grazing opportunities for cattle or other livestock. A wet-weather creek meanders through the property, adding natural character and seasonal water features that enhance both ranching and recreational appeal. Electricity is on-site, and a community water line runs along FM 581—making this ranch well-suited for development, continued agricultural use, or long-term investment. Property is currently under Agriculture exemption.

This 86-acre Hill Country ranch on East FM 581 Highway in Lometa represents the rare combination of working agricultural land, equestrian potential, and long-term investment value that defines successful ranch operations in Lampasas County. The property carries 1,700 feet of direct highway frontage along FM 581, paired with gentle rolling terrain that slopes across the parcel and creates natural grazing zones for horses, cattle, or mixed livestock operations.

The foundation for serious equestrian use is already in place. Electricity runs to the property, and a community water line borders FM 581, eliminating two major infrastructure barriers that typically delay ranch development. A seasonal creek winds through the acreage, providing natural water features that support both livestock operations and the aesthetic character of a functional horse property. The land's gentle slope prevents drainage issues while offering the kind of naturally divided pasture zones that experienced riders and ranchers understand are essential for rotating animals and maintaining herd health.

Located nine minutes from Lometa via County Road 2745 and FM 581, this ranch sits within the Lometa Independent School District and maintains reasonable proximity to regional services despite its rural character. The property sits roughly 90 minutes from Austin's central employment corridors, positioning it for buyers seeking rural acreage without complete isolation from the metro area.

The historical context matters here. This parcel was part of the Wagon Wheel Ranch operation, a recognized horse breeding and cattle program throughout the 20th century. That heritage reflects the land's proven capacity to support quality livestock operations. Currently holding an agricultural exemption, the property offers tax advantages for working ranches while remaining positioned for alternative development or investment purposes if your needs shift over time.

For the buyer serious about horses, cattle breeding, or mixed agricultural operations, the combination of existing infrastructure, usable acreage, water access, and highway frontage eliminates years of development work. This is functional ranch land that operates from day one, not a raw parcel requiring extensive capital investment before first use.