— bed, — bath on 386.00 acres in Lampasas. Lampasas, TX 76550. $2,900,000. Lampasas ISD.
About This Home
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.
Lucy Creek Ranch spans 386 acres of live-water Hill Country terrain in Lampasas County, positioned just 72 minutes from downtown Austin via US Highway 281 and County Road 2207. This property operates as a fully functional, self-sufficient working ranch with integrated water systems that eliminate dependency on municipal infrastructure.
The foundation of independence here is water security. Lucy Creek runs year-round across the property with more than half a mile of spring-fed frontage, maintaining reliable flow even during severe drought cycles. The ranch includes two drilled production wells, one actively supplying livestock infrastructure, plus a spring-fed pond and four wet-weather stock tanks that capture seasonal runoff. This layered water strategy removes vulnerability to supply interruptions while supporting diverse uses from agricultural operations to wildlife management.
Energy independence is built into the property through established electrical service, with two RV hookups and metal overhangs providing immediate utility access for current operations or future development. The rolling topography across the 386 acres creates natural elevation advantages for solar installation, with southern and western exposures ideal for photovoltaic systems. The native landscape of mature live oak motts, cedar flats, and healthy native grasses requires minimal intervention while providing natural windbreaks and shade management.
Ecological self-sufficiency is embedded in the land itself. The property carries an agricultural exemption and supports natural whitetail deer populations, Rio Grande turkey, dove, duck, and established game bird habitat. Native vegetation requires no artificial inputs while regenerating soil structure. Grazing operations, if desired, align with the existing ecosystem rather than fighting against it. The gentle slopes and varied terrain across the acreage create multiple microclimates suitable for diverse plantings or pasture management.
The infrastructure already in place removes startup friction. An internal road system with partial low fencing and cross fencing enables immediate operational control. The proximity to downtown Lampasas keeps basic services and supplies accessible without sacrificing true independence. Students attending Lampasas ISD schools including Hanna Springs Elementary, Lampasas Middle, and Lampasas High retain connection to community institutions while living on authentic ranch land.
At $3.48M on 386 acres, this property delivers approximately $9,016 per acre of fully operational, water-secure land with immediate livability. The combination of year-round water access, established utility infrastructure, and natural systems creates a working homestead that functions independently while maintaining the comfort and flexibility for whatever vision the next owner brings to the landscape.
The numbers behind this insight
- Offered at
- $2,900,000
- Listed
- January 20, 2026
- Price changes
- Reduced, down 16.6% from $3,477,420
Keenan Luxury Market Index: $2M-$3M single-family homes across the Austin area sold at a median $601 per sq ft over the trailing 12 months (379 sales), as of October 15, 2026.
- Property Type
- Farm
- Lot Size
- 386.00 acres
Listing information last updated September 2, 2026.
Listed by TX Real Estate Team LLC
MLS# 3921240 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Gentle Sloping
- Native Plants
- Private Maintained Road
- Rock Outcropping
- Rolling Slope
- Sloped Down
- Sloped Up
- Trees-Heavy
- Trees-Large (Over 40 Ft)
- Many Trees
- Trees-Medium (20 Ft - 40 Ft)
- Trees-Moderate
- Trees-Small (Under 20 Ft)
- Views
- Cross Fenced
- Perimeter
- Lot Size
- 386.00 Acres
- Creek
Financial
- Original List Price
- $3,477,420
Utilities
- Electricity Available
- Electricity Connected
- Water Available
Transaction History
1 record on file
Every recorded listing, sale, and lease at 6729 US HWY 281, whoever represented it.
- ActiveListed 2026Current price: $2,900,000Original list: $3,477,420MLS 3921240
- Listed · January 20, 2026$3,477,420
- Price changed · August 11, 2026$3,129,678
- Price changed · September 2, 2026$2,900,000
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
- $2,900,000
- Original list
- $3,477,420
- Price movement
- $577.4K reduction
- Listed / DOM
- Jan 20, 2026 · 269 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% ($580K)
Adjustable assumption - not a lending recommendation.
$2,900,000
Luxury property intelligence
Keenan Market Position
A sourced read on Lampasas pricing, timing, and property scale. No automated valuation claim.
List price
$2,900,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
269 days
Original to current
$577.4K reduction
$3.5M 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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