19348 Highway 281 Lampasas, TX 76550
Estimated payment $23,769/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per 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®
MLS Number: HLM176237
- Tbd 281 Hwy
- 6729 Highway 281
- 19348 N U S Highway 281
- 1005 Campbell St Unit 1
- TBD Lot 237 Heartleaf Dr
- Lot 2 Bluestem Ln
- TBD Lot 153 Heartleaf Dr
- TBD CR 3900 Blakely Rd
- 503 E Avenue G
- 503 E Avenue G Unit Lot 4-5
- 1260 County Road 2001
- 717 F M 580
- 501 N Ridge St
- 6729 N U S Highway 281
- 0 Highway 281
- 0 Fm 580 E 0123 Lot 23 & 25 Unit 609388
- 801 1/2 E Avenue C
- 104 N Walnut St
- 408 N Spring St
- 906 E Avenue D
- 811 E Ave I Unit B
- 1109 E Ave F
- 1114 Nix Rd
- 106 N Fairview Dr
- 160 Private Road 4352 Unit B
- 1710 County Road 4330 Unit B
- 434 County Road 4616 Unit 436
- 953 Co Rd 3351
- 1140-1142 Co Rd 4804 Unit 1142
- 305 Bobby Lou Ln
- 930 County Rd 3390
- 305 Lost Trail Unit B
- 234 Grn Valley Dr
- 211 Grn Valley Dr
- 506 Lost Trail Unit 506 Lost Trl Unit A
- 527 Lost Trail
- 2813 Settlement Rd
- 3517 Settlement Rd
- 3404 Jacob St
- 504 Hadley Ln Unit A
Ask me questions while you tour the home.