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For sale
  • Price increase: $520K (5/15)
    $790,000

    388 CR 3500, Lampasas, TX 76550

    4beds
    --sqft
    : 
    $5,430/mo
    Get pre-qualified
    Farm
    Built in ----
    19.25 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Ranch-style homeDouble-sided fireplaceWet-weather creekSerene ag-exempt countrysideOpen floor planOpen-concept floor planPole barn
    Discover a truly unique opportunity to own two homes on 29.621 acres of serene, Ag-exempt countryside — fully fenced and cross-fenced, perfect for ranch living, livestock, or multi-generational use. The main ranch-style home offers approximately 1,733 sq. ft. with 3 bedrooms and 3 full baths, featuring an open-concept floor plan, spacious living areas, and a covered patio ideal for outdoor entertaining. A private water well services this home, providing self-sufficiency and rural charm. The second residence, an impressive 5,054 sq. ft. metal-structure home, is partially finished and ready for your custom touches. With its open floor plan, double-sided fireplace, beautiful roll-up doors, and underground shipping container, this structure offers endless possibilities for completion as a luxury barndominium, workshop, or expansive family home. Electrical and plumbing rough-ins are already in place, streamlining the finishing process. Additional improvements include a 2,356 sq. ft. garage with a 1-bedroom, 1-bath apartment, perfect for guests, extended family, as well as a pole barn and an extra shop for equipment, vehicles, or storage. The property also features a wet-weather creek and seasonal ponds, adding natural beauty and character to the landscape. This property benefits from an Agricultural Exemption for lower property taxes, making it not only a beautiful investment but a smart one. Ideal for a buyer with vision and creativity—so
    273 days
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    318
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    10
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    Zillow last checked:

    Listing updated:

    Listed by:

    Audrey Bear 512-525-9321,

    Bear Real Estate Services

    Source: HLMLS as distributed by MLS GRID,MLS#: 175521MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      Cooling
      • Central Air
      Appliances
      • Included: Electric Water Heater
      Features
      • Flooring: Laminate Floating, Other
      • Has fireplace: No

      Property

      Features
      • Fencing: Cross Fenced,Perimeter
      • Waterfront features: No
      Lot
      • Size: 19.25 Acres
      Details
      • Parcel number: 011571

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Farm
      Materials
      • Metal Siding, Vinyl Siding
      • Foundation: Slab
      • Roof: Composition,Metal

      Utilities & green energy

      • Utilities for property: Electricity Available

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Lampasas

      Financial & listing details

      • Tax assessed value: $300,380
      • Annual tax amount: $2,041
      • Date on market: 10/30/2025
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/15/2026Price change$790,000+192.6%
        Source: HLMLS as distributed by MLS GRID #175521 Report a problem
        3/31/2026Pending sale$270,000
        Source: Central Texas MLS #595820 Report a problem
        3/31/2026Price change$270,000-73%
        Source: Central Texas MLS #595820 Report a problem
        10/27/2025Listed for sale$999,000
        Source: Central Texas MLS #595820 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,041 -5.2%$222,866 +10%
        2024$2,152 +18.9%$202,605 +10%
        2023$1,810 -27.8%$184,186 -17%
        2022$2,507 $221,800 +45.7%
        2021-- $152,220 +26.6%
        2020-- $120,220 +3%
        2018-- $116,680 +6.7%
        2017-- $109,370 +14.5%
        2016-- $95,490 +0.4%
        2015-- $95,140 +2.9%
        2014-- $92,500
        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
        19 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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