388 County Road 3500 Lampasas, TX 76550
Estimated payment $5,537/month
Highlights
- Additional Residence on Property
- Pond View
- 1 Stock Tank or Pond
- Horses Allowed On Property
- 29.6 Acre Lot
- No HOA
About This Lot
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—someone looking to complete a one-of-a-kind estate in a peaceful rural setting. With multiple living spaces, abundant outbuildings, and vast open land, this is a rare opportunity to create your dream homestead, investment compound, or country retreat.
Listing Agent
Bear Real Estate Services Brokerage Phone: (512) 556-9321 License #0647714 Listed on: 10/30/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,379
Lot Details
- 29.6 Acre Lot
- Cross Fenced
- Property is Fully Fenced
- 11571 14931
Property Views
- Pond
- Pasture
Home Design
- Home Under Construction
- Slab Foundation
- Metal Roof
- Aluminum Siding
- Metal Siding
Interior Spaces
- 1-Story Property
- Electric Range
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- 4 Full Bathrooms
Parking
- Driveway
- Additional Parking
Schools
- Kline Whitis Elementary School
- Lampasas Middle School
- Lampasas High School
Farming
- 1 Stock Tank or Pond
- Agricultural
- Pasture
Utilities
- Central Heating and Cooling System
- Well
Additional Features
- Additional Residence on Property
- Horses Allowed On Property
Listing and Financial Details
- Assessor Parcel Number 7766 11571 14931
Community Details
Overview
- No Home Owners Association
Recreation
- Covered Patio or Porch
- Separate Outdoor Workshop
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,379 | $559,150 | $360,100 | $199,050 |
| 2023 | $3,420 | $734,730 | $535,680 | $199,050 |
| 2022 | $3,387 | $310,740 | $127,970 | $182,770 |
| 2021 | $2,292 | $0 | $0 | $0 |
| 2020 | $2,295 | $0 | $0 | $0 |
| 2019 | $2,349 | $0 | $0 | $0 |
| 2018 | $3,632 | $0 | $0 | $0 |
| 2017 | $5,261 | $250,650 | $101,680 | $148,970 |
| 2016 | $1,978 | $94,240 | $94,240 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/30/2025 10/30/25 | For Sale | $999,000 | +110.3% | -- | |
| 07/30/2015 07/30/15 | Sold | -- | -- | -- | View Prior Sale |
| 06/27/2015 06/27/15 | Pending | -- | -- | -- | |
| 05/18/2015 05/18/15 | For Sale | $475,000 | -- | $195 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Lampasas Texas Title |
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 8489501
APN: 14931
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