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$21,500,000
$7,200Reward *
Lampasas, TX 76550Listing ID 1527030

Lampasas, TX 76550

Active
Time on site: 1145 days • Last updated: Feb 3, 2026
Property Type
Property Type
Farm
Property Sub Type
Property Sub Type
Ranch
Square Feet
Square Feet
78,492
Acres
Acres
408.74
Days on Site
Days on Site
1,144
Cooling
Cooling
Ceiling Fan(s), Central Air
Heating
Heating
Central, Fireplace(s), Propane
Year Built
Year Built
Texas Ranch Brokers LLC, (512) 756-7718

Market Report for 76550

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Unlock MLS
Unlock MLS logo

The 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. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from 02 Aug 2026, 05:06 PM UTC. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.

For corrections to this data please contact Brytecore MLS Support.

ACT273134 • ACT202616

2007

The Underwood Ranch is a remarkable 408.74+/- acre legacy with a convenient location near Lampasas & Austin. It’s diverse topography features, breathtaking vistas, productive bottom land, and native trees. The crown jewel of the ranch is a stunning main house with exquisite craftsmanship, 4 bedrooms, 4 baths, 3 half baths, 2 commercially equipped kitchens, a great room with a massive bar, and a 5-car garage. A barndominium, a foreman's/guest house, and a multi-use building offer additional living and storage space. Abundant water resources, includes stocked lakes/ponds, 7 water wells, private power plant, ensure self-sufficiency. With high fencing, an MLD permit, and a variety of wildlife, the ranch is ideal for hunting. Whether as a retreat, event venue, or family/corporate ranch, the Underwood Ranch is a versatile property that will bring joy every time you enter its gates.

Property Information

Property Details

Location

County
Lampasas
City
Lampasas
Zip Code
76550
School District
Lampasas ISD
High School
Lampasas
Elementary School
Hanna Springs
MLS Area
LP

Interior Features

Heating and Cooling

Cooling
Ceiling Fan(s), Central Air
Heating
Central, Fireplace(s), Propane

Building

Building Information

Square Feet
78,492
Year Built
2007

Financial

Special Conditions
See Remarks

Property Taxes

Tax Annual Amount
$51,067
Tax Year
2022