247 E FM 581, Lampasas, TX 76550
FOR SALE
86 ACRES

247 E FM 581
Lampasas, TX 76550

    $980,000

    Est. Mortgage $5,795/mo*
    Get Pre-Qualified

    $980,000

    Est. Mortgage $5,795/mo*
    Get Pre-Qualified
    (on 86 acres)

    Local Information

    Map showing home location
    © Google
    -- mins to
    Commute Destination

    Description

    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.

    Home Highlights

    Parking
    No Info
    Outdoor
    No Info
    HOA
    None
    Price/Sqft
    No Info
    Listed
    179 days ago

    Home Details for 247 E FM 581

    Active Status

    MLS Status: Active

    Interior Features

    Appliances & Utilities
    Utilities: Electricity Available, Water Available
    Gas & Electric
    Has Electric on Property
    View
    Has a ViewView: Hill Country

    Exterior Features

    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

    Days on Market

    Days on Market: 179

    Property Information

    Property Type / Style
    Property Type: FarmProperty Subtype: Farm
    Building
    Not a New Construction
    Property Information
    Parcel Number: 155748

    Price & Status

    Price
    List Price: $980,000

    Location

    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

    Agent Information

    Listing Agent
    Listing ID: 8349622

    Lot Information

    Lot Area: 86 Acres

    Listing Info

    Special Conditions: Standard

    Offer

    Listing Terms: Cash, Conventional

    Miscellaneous

    Mls Number: 8349622Attribution Contact: (214) 693-9436
    Last check for updates: about 8 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.

    Price History for 247 E FM 581

    DatePriceEventSource
    11/10/2025$980,000Listed For SaleUnlock MLS #8349622

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    Assigned Schools

    These are the assigned schools for 247 E FM 581.
    View nearby schools on GreatSchools
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    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

    Learn more about our methodology.
    • Sixtorocha4
      "Lots of loose dogsI wouldn’t recommend living here at all due to the animals always being out the well-being of the city not being that great and the community the only part being great"
      0
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    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 2026-05-08 16:08:30 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
    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.