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Pending
  • Price cut: $250K (6/20)
    $3,500,000

    19348 US Hwy 281, Lampasas, TX 76550

    3beds
    2,525sqft
    : 
    $24,649/mo
    Get pre-qualified
    Farm
    Built in 2020
    387.35 Acres Lot
    $-- Zestimate®
    $1,386/sqft
    $-- HOA

    What's special

    High wood-beam ceilingsHand-laid saltillo tile flooringQuality built-insSolid-surface countertopsCustom cabinetryOpen-concept design
    RACE RANCH 19348 N US Highway 281 | Lampasas, TX 76550387.35± Acres Race Ranch is an exceptional 387.35± acre legacy family ranch offering a rare blend of quality improvements, productive land, recreational appeal, and convenient frontage along US Highway 281 in Lampasas County. Ideal as a luxury homestead, working ranch, or recreational retreat, the property is thoughtfully improved and well positioned for long-term enjoyment or investment. At the heart of the ranch is a custom Santa Fe–inspired Southwest residence built in 2020. The 2,525± SF single-family home features 3 bedrooms and 3 full baths & showcases an open-concept design with high wood-beam ceilings, hand-laid Saltillo tile flooring, custom cabinetry, solid-surface countertops, quality built-ins, and expansive windows overlooking a scenic pond. A custom adobe fireplace anchors the living area, while covered patios provide excellent outdoor living space. An in-ground private pool further enhances the home’s resort-style appeal. Ranch Improvements & Structures • Shop with office & workshop space • Equipment shed & additional storage buildings • Barns & outbuildings suitable for ranch operations • Guest house with covered outdoor patio Land, Water & Agricultural Features • Approximately 381.79± acres with pipe & ranch fencing • 40± acres of improved pasture currently producing hay • Agricultural lease in place for grass, crops, & hunting •3 ponds/stock tanks & a wet-weather creek Conveniently located with privacy for one impressive Ranch.
    190 days
    |
    149
    |
    11
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    John A Colvin 512-755-2078,

    Texas Ranch Brokers LLC,

    Dennis Herbst 512-556-7954,

    Herbst Real Estate Services

    Source: HLMLS as distributed by MLS GRID,MLS#: 176237MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Washer Hookup
      Features
      • Flooring: Tile
      • Has fireplace: No
      Interior area
      • Total structure area: 2,525
      • Total interior livable area: 2,525 sqft
      Video & virtual tour

      Property

      Features
      • Fencing: Barbed Wire,Pipe
      • Has view: Yes
      • View description: Hill Country
      • Waterfront features: No
      Lot
      • Size: 387.35 Acres
      Details
      • Parcel number: 151828

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Farm
      Materials
      • Wood Siding, Stone
      • Foundation: Slab
      • Roof: Tile
      Condition
      • Year built: 2020

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Electricity Available
      Green energy
      • Energy efficient items: Ceiling Fan(s)

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Lampasas

      Financial & listing details

      • Price per square foot: $1,386/sqft
      • Tax assessed value: $85,540
      • Annual tax amount: $1,330
      • Date on market: 1/22/2026
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/21/2026Pending sale$3,500,000$1,386/sqft
        Source: HLMLS as distributed by MLS GRID #176237 Report a problem
        6/20/2026Price change$3,500,000-6.7%$1,386/sqft
        Source: Central Texas MLS #579715 Report a problem
        3/5/2026Price change$3,750,000-16.7%$1,485/sqft
        Source: HLMLS as distributed by MLS GRID #176237 Report a problem
        7/21/2025Price change$4,500,000-25%$1,782/sqft
        Source: Unlock MLS #2233338 Report a problem
        5/5/2025Price change$6,000,000+9.1%$2,376/sqft
        Source: Unlock MLS #2233338 Report a problem
        4/23/2025Listed for sale$5,500,000$2,178/sqft
        Source: Unlock MLS #2233338 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,330 -0.6%$85,540
        2024$1,339 +1.8%$85,540
        2023$1,315 -20.6%$85,540 -7.8%
        2022$1,656 $92,800 +61.5%
        2021-- $57,450
        2020-- $57,450
        2018-- $57,450
        2017-- $57,450 +15%
        2016-- $49,950
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 76550

        Getting around

        0 / 100
        Car-Dependent
        13 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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