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County Road 1320, Lampasas, TX, 76550

--beds
--baths
2,750sqft
$1,131,025
$411price/sqft
$7,573/moest. monthly cost
$302,920/yrincome needed

About This Home

68+- AG-EXEMPT & UNRESTRICTED ACRES | DEVELOPMENT & INVESTMENT OPPORTUNITY Discover 68+- ag-exempt, unrestricted acres ideally located between Lampasas and Lometa, offering exceptional flexibility for development, investment, or a private ranch estate. The seller will consider subdividing, making this a rare opportunity for buyers seeking multiple tracts, future resale potential, or a thoughtfully planned development. This diverse property features Donaldson Creek crossing through the land, creating a scenic wildlife corridor surrounded by mature oak and hardwood trees. Excellent pastureland supports agricultural use, grazing, and recreational enjoyment, including ideal hunting opportunities. A significant value-add is the Corix water supply, enhancing both build potential and long-term investment appeal. The elevated southern portion of the property offers panoramic Hill Country views, providing an ideal setting for a custom home, family compound, or multiple homesites. With no restrictions, ag exemption in place, water availability, and a highly desirable location, this property is well-suited for residential development, land investment, recreational use, or a legacy ranch. Convenient access to nearby towns offers privacy without sacrificing connectivity. Whether you envision a private estate, subdivided homesites, or a strategic land investment, this property delivers versatility, natural beauty, and long-term value. Contact agent for details on subdivision possibilities and development options.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
20
BikeSomewhat Bikeable

Schools

7/10
6/10
Lampasas Middle SchoolGrades 6-89.8 mi
6/10
Lampasas High SchoolGrades 9-1210.4 mi

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm

Interior

Interior Area

  • Total interior livable area: 2,750 sqft

Property

Details

  • Parcel number: 2040602000000
  • Special condition: Standard

Features

  • Fencing: Partial, See Remarks
  • Has view: Yes
  • View description: Creek/Stream,Rural,Trees/Woods
  • Has water view: Yes
  • Water view: Creek/Stream
  • Waterfront features: Creek

Lot

  • Lot size: 68.85 Acres
  • Features: Gentle Sloping,Native Plants,Public Maintained Road,Trees-Large (Over 40 Ft),Trees-Moderate,Views,See Remarks

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
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Hail
Lightning
Tornado
Winter Weather
Cold Wave
Inland Flooding
Strong Wind
Wildfire

FEMA Declared Disasters Across Texas Counties

Flood
Severe Storm
Straight Line Winds

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

MonthlyAnnual
Mortgage $5,719$68,628
Home Insurance *$837$10,044
Property Taxes $716$8,592
Electricity $301$3,623
Total$7,573$90,876
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$259,645/yr
40% on housing$227,190/yr
45% on housing$201,946/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

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.

Insurance Growth Rate5-year average: 6.4%
6.4%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -5.1%
-5.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$411This listing

vs Other Active Listings

Avg $/sqft

ZIP 76550$271
Lampasas County$261

vs Homes Sold Last Month

Median $/sqft

ZIP 76550$163
Lampasas County$162

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)

No zestimate history available

Price History

DateEventPrice
2026-01-07Price change$1,131,025
2024-12-16Listed for sale$1,136,025
2024-08-08Listing removed--
2024-03-27Price change$1,100,000
2023-10-05Listed for sale$1,129,140

For Sale by Agent

AgentDavid Glorioso
BrokerageLonghorn Realty, LLC

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