$4,500,000

19348 Highway 281 Lampasas, TX 76550

Estimated payment $28,381/month

Total Views 495
3 Beds
3 Baths
2,525 Sq Ft
$1,782 Price per Sq Ft

Highlights

  • Horses Allowed On Property
  • 387.35 Acre Lot
  • Partially Wooded Lot
  • Views of Hill Country
  • Creek On Lot
  • Agricultural Exemption

About This Home

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.

Listing Agent

John Colvin

Texas Ranch Brokers LLC License #0202616 Listed on: 01/20/2026

Co-Listing Agent

Dennis Herbst

Herbst Real Estate Services License #0381195

Property Details

Property Type

  • Other

Year Built

  • Built in 2020

Lot Details

  • 387.35 Acre Lot
  • Barbed Wire
  • Pipe Fencing
  • Partially Wooded Lot
  • Grass Covered Lot

Home Design

  • Farm
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 2,525 Sq Ft Home
  • Ceiling Fan
  • Tile Flooring
  • Views of Hill Country
  • Dishwasher
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Creek On Lot
  • Shed

Utilities

  • Central Heating and Cooling System
  • 1 Water Well
  • Septic Tank
  • Septic System

Additional Features

  • Agricultural Exemption
  • Horses Allowed On Property

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 151828

Property Details

Property Type

Other

Year Built

Built in 2020

Lot Details

0

Listing Details

  • View: Hill Country
  • Reso Property Sub Type: Farm
  • Prop. Type: Farm
  • ResoLaundryFeatures: Electric Dryer Hookup
  • Road Frontage Type: Highway
  • Co List Office Mls Id: HLM131
  • Co List Office Phone: 512-768-3401
  • Co List Office Mls Id: HLM873
  • Subdivision Name: None
  • Directions: From Lampasas, north on Highway 281 for approximately 20 miles, subject is on the right.
  • Reso Flooring: Tile
  • Efficiency: Ceiling Fan(s)
  • Year Built: 2020
  • HLM_FloodZone: Unknown
  • HLM_ShortSale: No
  • HLM_REOForeclosure: No
  • HLM_Waterfront: No
  • HLM_NumberOfResidences: 2
  • HLM_Improvements: Equipment Shed
  • HLM_PropertyDescription: Partial Wooded,Rolling,View
  • HLM_AgExempt: Yes
  • HLM_Creeks: yes
  • HLM_NumberWellsOnProperty: 1
  • HLM_SepticLocOnProp: Yes
  • HLM_Special: Horses Permitted
  • HLM_MiscExtras: Fireplace,Patio/Deck,Smoke Detectors,Swimming Pool
  • HLM_Wooded: partial
  • HLM_NaturalGrass: yes
  • Leases: Grass & Crops,Hunting
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Appliances: Dishwasher, Washer Hookup
  • Full Bathrooms: 3
  • Total Bedrooms: 3

Exterior Features

  • Roof: Tile
  • Fencing: Barbed Wire, Pipe
  • Acres: 387.35
  • Construction Type: Wood Siding, Stone
  • Foundation Details: Slab

Utilities

  • Cooling: Central Air
  • Sewer: Septic Tank
  • Heating: Central
  • Utilities: Electricity Available
  • Water Source: Well

Schools

  • Junior High Dist: Lampasas

Lot Info

  • Parcel #: 151828

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/20/2026 01/20/26 For Sale $4,500,000 -- $1,782 / Sq Ft
Source: Highland Lakes Association of REALTORS®

Source: Highland Lakes Association of REALTORS®

MLS Number: HLM176237

Highland Lakes Association of REALTORS®