388 County Road 3500
Lampasas, TX, 76550 $ 999,000
Bedrooms4 Baths4.0 Monthly Estimate*
$ 6,151
for $999,000 with 4 bedrooms and 4 full baths. The lot size is 29.601.
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.
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FeaturesGeneralHeating Central
Cooling Central Air
Utilities Electricity Available Water Available
Roof Metal
Appliances Electric Range
Patio/Porch Features Covered
Construction Materials Aluminum Siding Metal Siding
View Pasture Pond
Levels One
Property Subtype Single Family Residence
Tax Year 2024
Waterfront Features See Remarks
County Lampasas
New Construction N
Property Type Farm
HOA N
Subdivision Name none
Other Structures See Remarks Second Residence Workshop
Full Baths 4
Status Active
Directions Go North on 183 towards adamsville. Take Right on CR 3500. Properties have 2 separate gated entrances. Sign by gates.
High School Lampasas
City Lampasas
Disclosures Seller Disclosure
MLS Area LP
Lot Size Square Feet 1289419.56
Elementary School Kline Whitis
Middle/Junior High School Lampasas
Property Condition Under Construction
Additional Parcels Y/N Y
Standard Status Active
Year Built Source Estimated
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ExteriorFencing Cross Fenced Full Perimeter
Parking Features Additional Parking
Lot Features See Remarks
Water Source Well
Foundation Details Slab
Lot Size Acres 29.601
Road Surface Type Asphalt
Waterfront Y/N N
Horse Y/N Y
Horse Amenities Pasture
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InteriorHalf Baths 0
Total Bedrooms 4
Main Level Bedrooms 4
Total Baths 4
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* Excluded FeaturesList ByLacy DavidsonListing Agent
Bear Real Estate ServicesBroker
Affordability Calculator
- Monthly Principal & Interest
- $6,151
- Monthly Property Taxes
- $465
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyFarm listings in Lampasas, TX
Average List Price $2,434,040
Percent of Sale Price 144%
About Lampasas, TX 7,122 Population
5% Since 2002
$ 41,228 Median Income
37.65 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
4360720 Elementary School
4360724 Middle School
Lampasas High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/30/2025 | $999,000 | | Listed Price |