16588 N Us Highway 281, Lampasas, TX, 76550
About This Home
SIGNIFICANT PRICE INCENTIVE OFFERED FOR QUICK CASH CLOSING! Spectacular opportunity to capitalize on a property which provides an established built-in 12 Pad RV Development, 3 Income Producing Cabins, income producing Garden, (2) Single Family homes, and you still have +/- 15 acres left for further expansion! This stunning property is strategically located with +/- 1700 feet of frontage on N US Hwy 281 and +/- 600 feet of frontage on E FM 581. Current TxDot traffic study indicates +/- 5,000 daily cars pass this site. With the already in process, major Highway 281 expansion from Evant to Lampasas, this property benefits from even more future daily traffic volume and visibility! Many tremendous uses for this property from an ideal location of major Convenience Store/Truck Stop, Restaurant, RV Park and Cabin expansions, Multi Generational, Short Term Rentals, Air BnB, and the list keeps going! The two stunning Single Family Properties on this property include a Historical Home built in +/- 1870. This master piece has been tastefully restored in many ways and is located along Highway 281. This beautiful home was hand crafted with 20" thick stone walls and displays absolutely stunning beam and wood work! Featuring +/- 1500 square feet, 3 bedrooms/1 bathroom, plus expansive decking and balcony space. It also includes a large underground cellar/storm shelter! The newer 2022 year built, Barndo features luxurious finishes! 2-story ceilings, extensive recessed lighting, wood cabinetry, granite countertops and a show stopper of a screened Patio overlooking a huge Oak Tree Grove. Featuring +/- 1700 square feet, 3 beds, 2 baths, large living/kitchen/dining and a large laundry room. The RV Development is equipped with 12 Large Pad Sites, with full utility hook ups. Additionally, a communal building provides multiple washer/dryers plus 2 additional bathrooms. Don't forget about the 3 Income Producing Cabins featuring bathrooms, kitchens and sleeping spaces!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 2022
Materials
- Foundation: Slab
- Roof: Metal
- Construction materials: Masonry,Steel
Type & Style
- Home type: SingleFamily
- Architectural style: Barndominium,Historic/Antique
- Property subType: Farm,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Disposal,Vented Exhaust Fan,Some Electric Appliances
- Laundry features: Electric Dryer Hookup,Laundry in Utility Room,Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Features
- Ceiling Fan(s),High Ceilings,Pantry,Recessed Lighting,Walk-In Closet(s),Breakfast Area,Granite Counters,Kitchen/Family Room Combo,Solid Surface Counters
- Window features: Double Pane Windows
- Flooring: Concrete,Painted/Stained,Wood
- Number of fireplaces: 2
- Fireplace: Yes
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 3,000 sqft
Master Bathroom
- Level: Main
Master Bedroom
- Level: Main
Property
Details
- Parcel number: 11165 & 11164
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Covered,Patio,Porch,Screened
- Exterior features: Covered Patio,Enclosed Porch,Porch,Rain Gutters
- Fencing: Barbed Wire,Goat Type,Perimeter
- Has view: Yes
- View description: None
- Waterbody name: None
- Topography of land: Rolling
- Residential vegetation: Partially Wooded
- Horses can be raised: Yes
Lot
- Lot size: 20.88 Acres
Parking
- Total spaces: 3
- Parking features: Detached Carport
- Covered spaces: 3
- Carport: Yes
- Carport spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Lightning
- Tornado
- Wildfire
- Winter Weather
- Cold Wave
- Drought
- Inland Flooding
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,573 | $78,876 |
| Home Insurance * | $962 | $11,544 |
| Property Taxes | $386 | $4,632 |
| Electricity | $329 | $3,953 |
| Total | $8,250 | $99,000 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-01 | Price change | $1,299,999 |
| 2026-03-10 | Listed for sale | $1,499,999 |
| 2026-02-24 | Contingent | $1,499,999 |
| 2026-02-20 | Listed for sale | $1,499,999 |
| 2019-02-06 | Listing removed | $225,000 |
| 2018-08-01 | Price change | $225,000 |
| 2018-02-16 | Price change | $240,000 |
| 2018-01-20 | Listed for sale | $130,000 |
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