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Keenan Group#1 Austin Board of Realtors Team 2024

$1,450,000

117.00 acresLot

2992 County Road 2400, Lometa, TX 76853

Reduced 6%$1,550,000
Lometa·MLS# 4925821·88 days on market

— bed, — bath on 117.00 acres in Lometa. Lometa, TX 76853. $1,450,000. Lometa ISD.

About This Home

The Shepperd Ranch is a rare opportunity to own a turnkey ranch that offers the perfect balance of comfortable country living, productive cattle operations, quality hay production, and outstanding hunting and recreational value. Located just 2.8 miles south of US Highway 190 in western Lampasas County near Lometa, this 117± acre property features over 2,000 feet of paved County Road 2400 frontage and is ready for immediate enjoyment.

The recently remodeled 1,664± square foot Austin stone home offers 2 bedrooms and 2 bathrooms with numerous updates including a new flooring, paint, doors, plumbing, and HVAC. A two-car attached carport, pipe-fenced yard, towering live oaks, and breathtaking 20-mile views create an exceptional homesite. A Corex water meter is at the house, in addition to the water well.

Designed with livestock in mind, the ranch includes a 44’x44’ metal workshop on a concrete slab, covered cattle working facilities, two water wells, a well house, and excellent cross fencing. Three improved Coastal Bermuda fields have consistently produced over seven round bales per acre on the first cutting, while a fourth field is ready for Coastal or winter wheat. Four additional native grass pastures provide an ideal setup for rotational grazing.

A new solar-powered water well supplies three concrete troughs serving both livestock and wildlife. Antelope Creek meanders through the ranch for over 1,900 feet, featuring scenic limestone bluffs, mature pecan trees, and a deep stock pond.

Whether you’re looking for a full-time residence, weekend retreat, cattle operation, hay farm, or hunting property, the Shepperd Ranch delivers an exceptional combination of beauty, productivity, and recreation that is difficult to find in this size range.

Property Type
Farm
Lot Size
117.00 acres

Listing information last updated September 3, 2026.

Listed by Keller Williams Brazos West

MLS# 4925821 • Active

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

Highlights

Generous 117.00-acre lot
Agricultural
Public Maintained Road
Trees-Large (Over 40 Ft)
A Corex water meter is at the house, in addition to the water well
Four additional native grass pastures provide an ideal setup for rotational grazing

Facts & Features

Interior
Heating
Central,Fireplace(s)
Cooling
Central Air
Exterior & Lot

Lot Features

  • Agricultural
  • Farm
  • Public Maintained Road
  • Trees-Large (Over 40 Ft)
  • Views

Fencing

  • Fenced
  • Pipe
Lot Size
117.00 Acres

Waterfront

  • Creek
Financial
Original List Price
$1,550,000
Utilities
  • Electricity Connected
  • Water Connected
Water Source
Public,Well
Sewer
Septic Tank

Transaction History

1 record on file

Every recorded listing, sale, and lease at 2992 County Road 2400, whoever represented it.

  1. ActiveListed 2026
    Current price: $1,450,000Original list: $1,550,000MLS 4925821
    1. Listed · July 20, 2026$1,550,000
    2. Price changed · September 3, 2026$1,450,000

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
$1,450,000
Original list
$1,550,000
Price movement
$100K reduction
Listed / DOM
Jul 20, 2026 · 88 days

Virtual Tour

Virtual tour of 2992 County Road 2400
Map showing 2992 County Road 2400
2992 County Road 2400
Directions

Zoned Schools

Lometa ISD

1 High School1 Middle School1 Elementary School

Lometa

High SchoolGrades 9-12Zoned assignment

Lometa

Middle SchoolGrades 6-8Zoned assignment

Lometa

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
$8,032

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

20% ($290K)

Adjustable assumption - not a lending recommendation.

$1,450,000

Loan: $1.2M
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Keenan Market Position

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List price

$1,450,000

Price per sqft

Not available

Vs. Neighborhood guide reference price

Not available

Days on market

88 days

Original to current

$100K reduction

$1.6M 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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Verified property facts

Frequently Asked Questions

What school district is 2992 County Road 2400 in?

2992 County Road 2400 is zoned for Lometa ISD with assigned schools: Lometa (elementary), Lometa (middle), Lometa (high). School assignments should be verified directly with the district.

What are the property taxes for 2992 County Road 2400?

The most recent annual property tax for 2992 County Road 2400 is $3,922. 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.

How should a buyer estimate the monthly payment for 2992 County Road 2400?

This page does not assume a mortgage rate or publish a monthly payment for 2992 County Road 2400. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 2992 County Road 2400 compare with other homes in Lometa?

As of Oct 15, 2026, 2992 County Road 2400 is offered at $1,450,000. The current MLS snapshot shows 9 active listings in 76853.

What is the water access at 2992 County Road 2400?

The MLS listing marks 2992 County Road 2400 as waterfront. The reported waterfront feature is Creek. 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.

Why Choose the #1 Austin Board Team for Lometa

#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.

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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.

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Based on information submitted to MLS GRID as of 10/15/2026, 5:07:23 PM. 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, 5:07:23 PM

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