$3,500,000
$1M PRICE DROP

19348 Highway 281 Lampasas, TX 76550

Estimated payment $22,404/month

Total Views 5,015
3 Beds
3 Baths
2,525 Sq Ft
$1,386 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

  • 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

Farming

  • Agricultural Exemption
  • Farm

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 151828

Property Details

Property Type

Other

Year Built

Built in 2020

Lot Details

387.35 Acres

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

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/22/2026 06/22/26 Price Changed $3,500,000 -6.7% $1,386 / Sq Ft
03/05/2026 03/05/26 Price Changed $3,750,000 -16.7% $1,485 / 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®
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