247 E FM 581
Lampasas, TX 76550
(on 86 acres)
Home Highlights
Listed
180+ days ago
Local Information
- Map ViewExplore the area around 247 E FM 581.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
Offered at $980,000, this is an opportunity to own an 86 acre property with incredible views, highway frontage and investment potential in one of the Hill Country’s most sought-after regions. Location: Located just minutes from Lometa, this 86-acre Hill Country ranch offers sweeping long-range views, approximately 1700 feet of Highway 581 frontage, and exceptional versatility for cattle, recreation, or investment. A seasonal creek winds through the property, enhancing its natural character and appeal. The ranch is easily accessible from both Highway 581 and County Road 2745—just 9 minutes from Lometa and roughly 1 hour and 30 minutes from Austin. With electricity on-site and a water line along Highway 581, this property is well-positioned for future development, a premier homestead, or continued agricultural use. History: This parcel was once part of the historic Wagon Wheel Ranch — a notable operation recognized for its high-quality horse breeding and cattle program throughout much of the 20th century. The land reflects the authentic ranching heritage that defines this region, offering a rare opportunity to own a piece of Hill Country history with investment potential. Land: Situated in the heart of Lampasas County, this 86-acre ranch offers a blend of usability, scenic beauty, and investment potential. The land is primarily flat with gentle rolling terrain, providing exceptional grazing opportunities for cattle or other livestock. A wet-weather creek meanders through the property, adding natural character and seasonal water features that enhance both ranching and recreational appeal. Electricity is on-site, and a community water line runs along FM 581—making this ranch well-suited for development, continued agricultural use, or long-term investment. Property is currently under Agriculture exemption.
Last check for updates: about 3 hours ago
Listing courtesy of Tyler Helbing, (214) 693-9436
Allen Cowden, Broker, (214) 693-9436
Source: Unlock MLS, MLS#8349622
Also Listed on Unlock MLS.
Home Details for 247 E FM 581
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MLS Status: Active |
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Appliances & Utilities Utilities: Electricity Available, Water Available |
Gas & Electric Has Electric on Property |
View Has a ViewView: Hill Country |
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Exterior Home Features Fencing: See RemarksOther Structures: Corral(s)No Private Pool |
Frontage Waterfront: Creek, Dry/SeasonalRoad Surface Type: See RemarksNot on Waterfront |
Farm & Range Not Allowed to Raise Horses |
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Days on Market: 180+ |
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Property Type / Style Property Type: FarmProperty Subtype: Farm |
Building Not a New Construction |
Property Information Parcel Number: 155748 |
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Price List Price: $980,000 |
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Direction & Address City: LometaCommunity: None |
School Information Elementary School: LometaElementary School District: Lometa ISDJr High / Middle School: LometaJr High / Middle School District: Lometa ISDHigh School: LometaHigh School District: Lometa ISD |
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Listing Agent Listing ID: 8349622 |
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Lot Area: 86 Acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional |
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Mls Number: 8349622Attribution Contact: (214) 693-9436 |
Around this home
What Locals Say about Lometa
At least 1 Trulia users voted on each feature.
100 % Say there's holiday spirit
100 % Say streets are well-lit
100 % Say parking is easy
50 % Say neighbors are friendly
50 % Say it's walkable to restaurants
Sourced by Trulia users. Learn more about our methodology.
Market trends in Lometa
Last updated July 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
25
1MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
4.18 | Single-Family Home | - | 01/15/26 | 5 | 3 | 2,038 | |
4.72 | Single-Family Home | - | 07/15/26 | 1 | 1 | 725 | |
5.06 | Single-Family Home | - | 01/09/26 | 2 | 3 | 2,721 | |
5.54 | Single-Family Home | - | 12/29/25 | 3 | 1 | 1,320 | |
5.70 | Single-Family Home | - | 06/25/26 | 2 | 1 | 972 | |
5.71 | Single-Family Home | - | 05/01/26 | 3 | 1 | 972 | |
5.90 | Single-Family Home | - | 06/15/26 | 2 | 1 | 1,012 | |
5.94 | Single-Family Home | - | 01/30/26 | 3 | 1 | 980 | |
6.06 | Single-Family Home | - | 10/20/25 | 3 | 1 | 1,536 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.71 | $1,000,000 | - | - | - | For Sale | |
0.89 | $275,000 | - | - | - | For Sale | |
1.28 | - | - | - | - | Off Market | |
1.43 | $1,134,000 | - | - | - | For Sale | |
1.47 | - | - | - | - | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Nov 10, 2025 Source: Unlock MLS #8349622 | Listed For Sale | $980,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Tyler Helbing, Allen Cowden, Broker, (214) 693-9436
Agent Phone: (214) 693-9436
Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2026-08-20 11:34:13 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. Click here for more information
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. Click here for more information
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New Listings near 247 E FM 581
247 E FM 581, Lampasas, TX 76550 is a single-family home. This property is currently available for sale and was listed by Unlock MLS on Nov 10, 2025. The MLS # for this home is MLS# 8349622.