3 bed, 2 bath, 2,905 sqft on 293.00 acres in Lampasas. Lampasas, TX 76550. $7,344,000. Lampasas ISD.
About This Home
Smith River Ranch: Premier 293-Acre Estate located on the Lampasas River Location: Ideally positioned just 15 minutes from Copperas Cove and Lampasas, and approximately one hour from Austin, Smith River Ranch offers a rare blend of privacy, luxury, and convenience. This sprawling 293-acre estate is nestled in the heart of the Texas Hill Country, providing seamless access to urban amenities while offering a peaceful retreat surrounded by natural beauty.
Property Overview: Smith River Ranch is a turn-key recreational and agricultural estate, boasting approximately 5,040 feet of pristine Lampasas River frontage. The land is a diverse mix of 50% pasture and 50% brush, and is predominantly high-fenced, with a robust wildlife management program in place. The ranch is home to an estimated 100 white-tailed deer with a 2:1 doe-to-buck ratio, including trophy bucks in the 225-“250 inch class, and 10-12 bucks scoring between 165-“230inches. Additionally, the ranch supports a thriving population of 30-“40 axis deer, including a few trophy-class bucks.
The ranch holds a Level 3 Managed Land Deer (MLD) Wildlife Exemption, and is outfitted with four blinds (three within the high-fenced area), four protein feeders, and four feed pens. Water is abundant across the property with three water troughs plumbed into Kempner city water, a reliable old well servicing three additional troughs and cattle pens, and access to city water services for the home, pool, shop, and surrounding infrastructure.
Smith River Ranch is a truly exceptional offering that combines luxury living, recreational excellence, and productive agriculture, all set against the breathtaking backdrop of the Lampasas River. Whether you are seeking a turnkey hunting retreat, a working ranch, or a private escape near Austin, this premier estate delivers unparalleled opportunity in the heart of Texas Hill Country.
Smith River Ranch spans 293 acres on FM 1715 in Lampasas County, anchored by a 2,905-square-foot main residence built in 2004 with three bedrooms, two full baths, and two half baths. The infrastructure here exists to serve serious equestrian and agricultural operations, not as an afterthought to residential living.
The working core includes a full-sized barn system with multiple outbuildings, concrete feed pens, and four protein feeders strategically positioned across the property. Water infrastructure runs throughout the ranch via plumbed troughs connected to Kempner city water, plus a functional well system that serves additional troughs and livestock pens. The land breaks into 50 percent improved pasture and 50 percent brush, with high-fencing securing the perimeter and internal divisions. This setup accommodates multiple animal management strategies simultaneously. The property holds a Level 3 Managed Land Deer Wildlife Exemption, reflecting its dual-use agricultural and wildlife stewardship designation.
The 5,040 feet of Lampasas River frontage provides natural water access and defines the eastern boundary. Access via FM 1715 connects directly to Lampasas, roughly 15 minutes south, and Copperas Cove sits equally close to the north. Highway 190 runs nearby for easier connections toward I-35 and the drive toward Austin, approximately one hour away. This positioning gives you rural isolation without rural distance penalties.
The current wildlife program on-site includes an estimated 100 white-tailed deer managed at a 2:1 doe-to-buck ratio, with several trophy-class bucks in the 225-250 inch range and additional bucks scoring 165-230 inches. The property also maintains 30-40 axis deer, including trophy-class specimens. Four blinds positioned strategically across the fenced areas support active management and recreational hunting.
For equestrian owners, the open pasture acreage, water systems, and established fencing create an immediate working foundation. The barn and pen infrastructure reduce startup costs and equipment needs. Buyers arriving with horses, cattle, or other livestock can operate immediately rather than building basic systems from scratch. The Lampasas County tax base reflects agricultural valuations, reducing operational carrying costs relative to similar-acreage properties closer to Austin. This is functional land with existing systems, not raw acreage requiring years of development before practical use.
The numbers behind this insight
- Offered at
- $7,344,000
- Listed
- April 21, 2025
- Price changes
- Reduced, down 6.4% from $7,844,000
- Asking price per sq ft
- $2,528
Keenan Luxury Market Index: $5M-$10M single-family homes across the Austin area sold at a median $990 per sq ft over the trailing 12 months (44 sales), as of October 16, 2026.
- Property Type
- Farm
- Year Built
- 2004
- Lot Size
- 293.00 acres
- Price / Sq Ft
- $2,528
- Garage
- 3 spaces
- Pool
- Yes
Listing information last updated August 19, 2026.
Listed by Ranchland Real Estate
MLS# 2915849 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling-High
- Ceiling-Vaulted
- Granite Counters
- Eat-in Kitchen
- Pantry
- Primary Bedroom on Main
- Soaking Tub
- Sound System
- Walk-In Closet(s)
- Electric Range
- Ice Maker
- Double Oven
- Tile
- Wood
- Heating
- Electric
- Cooling
- Electric
- Fireplaces
- 1
Exterior & Lot
- Private Entrance
- Private Yard
- Stone
- Agricultural
- Private
- Sprinkler - Automatic
- Trees-Heavy
- Views
- Waterfall
- Barbed Wire
- Cross Fenced
- Livestock
- Perimeter
- Slab
- Covered
- Front Porch
- Rear Porch
- Roof
- Metal
- Lot Size
- 293.00 Acres
- Additional Parking
- Attached Carport
- Covered
- Garage
- Garage Spaces
- 3
- Pool
- Yes
- River Front
Financial
- Original List Price
- $7,844,000
- Price per Sq Ft
- $2,528
Utilities
- Cable Connected
- Electricity Connected
- Propane
- Water Connected
- Water Source
- Public,Well
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 4503 FM 1715, whoever represented it.
- ActiveListed 2025Current price: $7,344,000Original list: $7,844,000MLS 2915849
- Price changed · August 19, 2026$7,344,000
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.
- Current list
- $7,344,000
- Original list
- $7,844,000
- Price movement
- $500K reduction
- Listed / DOM
- Apr 21, 2025 · 543 days
Zoned Schools
Lampasas ISD
Lampasas
Lampasas
Hanna Springs
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($1.5M)
Adjustable assumption - not a lending recommendation.
$7,344,000
Luxury property intelligence
Keenan Market Position
A sourced read on Lampasas pricing, timing, and property scale. No automated valuation claim.
List price
$7,344,000
Price per sqft
$2,528/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
543 days
Original to current
$500K reduction
$7.8M 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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