
— bed, — bath on 386.00 acres in NA. Lampasas, TX 76550. $2,900,000. Lampasas ISD.
MOTIVATED SELLER. The lowest price per acre for a live water ranch within 1 hour of Austin, TX.
Lucy Creek Ranch is a premier 386 acre live-water Texas Hill Country ranch located in Lampasas County, just 1 hour and 12 minutes from Austin. This rare offering features over half a mile of spring-fed Lucy Creek, dramatic limestone bluffs, rolling terrain, and excellent long-term investment potential. Live-water ranches of this caliber and proximity to Austin are increasingly difficult to replace. The ranch showcases rolling Hill Country topography with mature live oak motts, cedar flats, and healthy native grasses. Open pastures blend seamlessly with hardwoods and cedar, providing excellent habitat for wildlife and grazing. Elevation changes create long-range views and multiple elevated homesites ideal for a family retreat, recreational ranch, or future improvements. Lucy Creek flows year-round and remains reliable even during drought, offering audible streamflow, deep pools, and a scenic limestone backdrop. Additional water features include wet-weather ravines with natural seep springs, a spring-fed pond suitable for waterfowl hunting or stocking, and four wet-weather stock tanks. Two drilled water wells are present, one currently supplying livestock troughs. Improvements include partial low fencing with cross fencing, an internal road system, electricity, two RV hookups, and a water line along CR 2207. Twometal RV overhangs allow for immediate use while maintaining flexibility for future development. Native wildlife includes whitetail deer, Rio Grande turkey, dove, duck, and wild hogs, and the ranch carries an agricultural exemption. With frontage on both County Road 2207 and Highway 281, and just minutes from downtown Lampasas, Lucy Creek Ranch represents an outstanding hold-or-improve opportunity in the heart of the Texas Hill Country.
Verified property facts
6729 US 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.
6729 US Hwy 281 is listed by TX Real Estate Team LLC. 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 6729 US Hwy 281. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
The MLS listing marks 6729 US Hwy 281 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.
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Every recorded listing, sale, and lease at 6729 US HWY 281, whoever represented it.
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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% ($580K)
Adjustable assumption - not a lending recommendation.
$2,900,000
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List price
$2,900,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
248 days
Original to current
$577.4K reduction
$3.5M original
Active inventory context
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Source: MLS Grid / Unlock MLS and Keenan Group review as of Sep 25, 2026.
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Car-Dependent
N/A
Somewhat Bikeable
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