3 bed, 1 bath, 1,032 sqft on 267.34 acres in Lampasas. Lampasas, TX 76550. $3,165,000. Lampasas ISD.
About This Home
Conveniently located approx 14 miles North of Lampasas. Approx 1.3 miles off Hwy 281. Mostly a cattle grazing, hunting and recreational ranch. Float the creek in optimum weather periods or get your fly rod out at the deep holes and cast away. Drive through the gate on top of the plateau with expansive hill country views. There is a gradual drop of 120’ in elevation down to Simms Creek, the beautiful rock bottom creek is the main attraction. Water runs clear most of the time and you can see the bottom and fish swimming by. There are also three stock ponds, one known to have been previously fished. Lampasas County is known for great hunting and diverse wildlife, and Simms Creek 267 has it all. The property provides good habitat for whitetail deer, turkey, dove, ducks, feral hogs, and varmints. A good mix of heavy to moderate tree cover, forbs, and browse help attract wildlife to the ranch. The approx 1,032 sq ft updated 1940s ranch house includes three bedrooms, one bath, kitchen, enclosed sun porch, separate dining room and living area. With central air/heat for year round comfort. The natural hardwood floors have been carefully restored to bring back some of the original charm. There is a covered front porch with plenty of room for grilling or just sitting outside during a spring rain shower or enjoying the beautiful sunsets. The barn is perfect for storing your tractor, UTVs and ATVs. There is an old hay barn/horse stall. The ranch is blessed with ample water supplied by a 60 gpm private well.
The defining feature at #866 CR 2806 is 267.34 acres of Lampasas County land with roughly 120 feet of elevation change down to Simms Creek, a clear, rock-bottom creek that gives this ranch real recreational value and long-range Hill Country views. At #866 CR 2806 in Lampasas, TX 76550, this Farm - Single Family Residence is listed at $3.17 million, or $3,067 per square foot, and it sits about 14 miles north of Lampasas and roughly 1.3 miles off Highway 281.
What stands out here is the mix of water, topography, and utility. Simms Creek is the main draw, with deep holes that support fishing and stretches that can be floated in favorable weather. Three stock ponds add more water across the property, and a private well rated around 60 gallons per minute supports ranch use. For buyers looking at Central Texas land, that combination matters. It supports cattle grazing, hunting, weekend recreation, and the kind of flexibility that is getting harder to find on larger tracts.
The house is modest in size at 1,032 square feet, but it adds immediate function. Built in 1940, the three-bedroom, one-bath residence has updated interiors, restored hardwood floors, central air and heat, a separate dining room, living area, kitchen, and enclosed sun porch. There is also a covered front porch positioned for open-sky sunset views. For working ranch use, the existing barn, hay barn, and horse stall structures give you storage for tractors, UTVs, ATVs, and equipment without needing to start from scratch.
The land itself is well set up for wildlife habitat. Tree cover, browse, and open grazing areas support whitetail deer, turkey, dove, ducks, feral hogs, and other native game commonly found in this part of Lampasas County. That makes the property useful year-round, whether the priority is livestock, hunting, or simply spending time outdoors along the creek corridor.
From a location standpoint, the access is straightforward for a rural holding. Highway 281 keeps Lampasas within an easy drive for daily needs, dining, and services, while the setting remains private enough to feel removed from town traffic and subdivision density. The listing does not provide school district or school names, so buyers should verify those details directly. With 348 days on market, a live-water feature, and a land profile that supports both recreation and ranching, this is the kind of Lampasas property that can hold long-term value through utility, water, and scale.
The numbers behind this insight
- Offered at
- $3,165,000
- Listed
- February 20, 2025
- Price changes
- Reduced, down 5.3% from $3,342,000
- Asking price per sq ft
- $3,067
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $734 per sq ft over the trailing 12 months (181 sales), as of October 15, 2026.
- Property Type
- Farm
- Year Built
- 1940
- Lot Size
- 267.34 acres
- Price / Sq Ft
- $3,067
Listing information last updated February 3, 2026.
Listed by Texas Ranch Brokers LLC
MLS# 4159266 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Lot Size
- 267.34 Acres
Financial
- Original List Price
- $3,342,000
- Price per Sq Ft
- $3,067
Transaction History
1 record on file
Every recorded listing, sale, and lease at #866 CR 2806, whoever represented it.
- ActiveListed 2025Current price: $3,165,000Original list: $3,342,000MLS 4159266
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
- $3,165,000
- Original list
- $3,342,000
- Price movement
- $177K reduction
- Listed / DOM
- Feb 20, 2025 · 603 days
Virtual Tour

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% ($633K)
Adjustable assumption - not a lending recommendation.
$3,165,000
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Keenan Market Position
A sourced read on Lampasas pricing, timing, and property scale. No automated valuation claim.
List price
$3,165,000
Price per sqft
$3,067/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
603 days
Original to current
$177K reduction
$3.3M 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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