— bed, — bath, 2,750 sqft on 68.85 acres in Lampasas. Lampasas, TX 76550. $1,131,025. Lampasas ISD.
About This Home
68+- AG-EXEMPT & UNRESTRICTED ACRES | DEVELOPMENT & INVESTMENT OPPORTUNITY Discover 68+- ag-exempt, unrestricted acres ideally located between Lampasas and Lometa, offering exceptional flexibility for development, investment, or a private ranch estate. The seller will consider subdividing, making this a rare opportunity for buyers seeking multiple tracts, future resale potential, or a thoughtfully planned development. This diverse property features Donaldson Creek crossing through the land, creating a scenic wildlife corridor surrounded by mature oak and hardwood trees. Excellent pastureland supports agricultural use, grazing, and recreational enjoyment, including ideal hunting opportunities. A significant value-add is the Corix water supply, enhancing both build potential and long-term investment appeal. The elevated southern portion of the property offers panoramic Hill Country views, providing an ideal setting for a custom home, family compound, or multiple homesites. With no restrictions, ag exemption in place, water availability, and a highly desirable location, this property is well-suited for residential development, land investment, recreational use, or a legacy ranch. Convenient access to nearby towns offers privacy without sacrificing connectivity. Whether you envision a private estate, subdivided homesites, or a strategic land investment, this property delivers versatility, natural beauty, and long-term value. Contact agent for details on subdivision possibilities and development options.
The core advantage at TBD County Road 1320 is simple: 68.85 ag-exempt, unrestricted acres in Lampasas County with subdivision potential and a documented water supply already in place. For buyers who understand rural Texas land, that combination matters because it expands the range of viable outcomes from day one, whether the goal is a private ranch, multiple tracts, or a longer-hold development play between Lampasas and Lometa.
At an asking price of $1.13 million, this farm-ranch offering is positioned around scale, optionality, and utility rather than a finished residential program. The listing reflects 2,750 square feet and a price metric of $411 per square foot, though the real story here is the land itself. Nearly 69 acres gives a buyer room to separate uses across the property, preserve natural features, and plan improvements without the constraint of deed restrictions. The seller will consider subdividing, which adds a practical layer of flexibility for buyers evaluating resale strategy, phased development, or the creation of multiple homesites.
The land mix adds real substance to that flexibility. Donaldson Creek crosses the property, creating a natural corridor that supports wildlife movement and strengthens the recreational profile. Mature oak and hardwood trees give the site structure and shade, while the pastureland supports agricultural use and grazing. Hunting and general recreational use also fit the land’s existing character. A Corix water supply is an important value point because water access shapes both build feasibility and long-term land value in this part of Texas far more than marketing language ever will.
The topography also works in the property’s favor. The southern portion of the tract captures Hill Country views and creates logical placement for a primary homesite, a compound layout, or additional build sites if a buyer chooses to divide the acreage. That matters because view orientation, water access, tree cover, and usable pasture do not always line up on one tract. Here, they do in a way that broadens the buyer pool and supports more than one exit strategy.
After 387 days on market, this is still the kind of property that deserves a serious look from buyers focused on land first and structures second. In a market where unrestricted acreage with water, creek frontage, and subdivision flexibility is increasingly harder to replace, TBD County Road 1320 stands out as a tract with clear utility now and multiple paths to future value.
The numbers behind this insight
- Offered at
- $1,131,025
- Listed
- December 16, 2024
- Price changes
- Reduced, down 0.4% from $1,136,025
- Asking price per sq ft
- $411
- Property Type
- Farm
- Lot Size
- 68.85 acres
- Price / Sq Ft
- $411
Listing information last updated September 25, 2026.
Listed by Coldwell Banker Apex
MLS# 2002235 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Gentle Sloping
- Native Plants
- Public Maintained Road
- Trees-Large (Over 40 Ft)
- Trees-Moderate
- Views
- Partial
- Lot Size
- 68.85 Acres
- Creek
Financial
- Original List Price
- $1,136,025
- Price per Sq Ft
- $411
Utilities
- Electricity Available
- Sewer Not Available
- Water Available
- Sewer
- Septic Needed
Transaction History
1 record on file
Every recorded listing, sale, and lease at TBD County Road 1320, whoever represented it.
- ActiveListed 2024Current price: $1,131,025Original list: $1,136,025MLS 2002235
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
- $1,131,025
- Original list
- $1,136,025
- Price movement
- $5K reduction
- Listed / DOM
- Dec 16, 2024 · 669 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% ($226K)
Adjustable assumption - not a lending recommendation.
$1,131,025
Luxury property intelligence
Keenan Market Position
A sourced read on Lampasas pricing, timing, and property scale. No automated valuation claim.
List price
$1,131,025
Price per sqft
$411/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
669 days
Original to current
$5K reduction
$1.1M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
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