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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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3588 N Us Highway 281 , Lampasas, TX 76550
$1,500,000
Est. Payment: $7,722.65/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 32
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

3588 N. US Highway 281 offers an exceptional opportunity to own 122± acres in the heart of Central Texas, where strong investment potential meets the flexibility to create a premier ranch, luxury estate, or future development. Featuring desirable highway frontage, rolling terrain, scattered native trees, and multiple scenic homesites, this property offers the privacy and versatility today's land buyers are seeking. Whether your vision is a custom ranch headquarters, equestrian property, cattle operation, or recreational retreat, the acreage provides ample room to build while preserving the character of the land. Investors and developers will appreciate the potential to subdivide into approximately 20-acre tracts (subject to county approval), creating estate-sized ranchettes that may qualify for agricultural valuation with continued qualifying use and meet the growing demand for larger acreage throughout Central Texas. With its strategic location, development flexibility, and long-term appreciation potential, this property presents a rare opportunity for end users, investors, and developers alike to capitalize on one of Texas' strongest land markets.

Highlights

Listed by Nichole Shelton , and Megan Humphrey , Christie's Lone Star , North Texas Real Estate Information Systems

Property Type

Vacant Land

Lot/Acreage
122.81

County

Lampasas

Neighborhood

Gibson Branch

School District

Lampasas ISD

Listing ID

21339272

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Acreage,Agricultural,Over 100 Acres
Zoning:Agricultural
Principal Interest
$7,723
Taxes
$956

Home Price

$1,500,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$300,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,722.65

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,722.65 $956.25 $0.00 $8,678.90
Yearly $92,671.82 $11,475.00 $0.00 $104,146.82
Total $2,780,154.51 $344,250.00 $0.00 $3,124,404.51

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Lampasas, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T21:21:41.390Z

© 2026 North Texas Real Estate Information Systems