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735 County Road 206, Lampasas, TX, 76550

1beds
1baths
1,200sqft
$475,000
$396price/sqft
$3,362/moest. monthly cost
$134,480/yrincome needed

About This Home

20-Acre Estate & Barndominium Package in Burnet County, Texas Legacy Oaks Lot 5 is one of the most usable tracts in the development, with a 1,200 sq. ft. barndominium shell already in place, attached covered parking, and a granite road leading right up to the building. Use it now as a shop, equipment barn, weekend basecamp or finish it out into a Hill Country home. The contractor who built the shell is available to complete the finish-out and a cost estimate can be provided to serious buyers. The land has the kind of character buyers come to Burnet County for: mature oak hardwoods, mixed native vegetation, privacy, wildlife and room to spread out. Legacy Oaks offers AG-exempt ranch tracts with electric available to each property, light restrictions, no HOA and a location under an hour from Austin, with Burnet, Lampasas, the Highland Lakes and the Colorado River all within easy reach. Water is another major advantage in this area. The lot directly beside Lot 5 recently drilled a well that yielded at 80 GPM, giving buyers helpful nearby well data before they drill. A local well driller is available and PEC electric is already at the front of the property. This is not just raw land. Lot 5 gives you a head start: road, shell, covered parking, utilities nearby, strong neighboring well results and a beautiful oak-covered setting ready for the next owner's vision. Lender & Financing: Our local lender is ready with a comprehensive package deal. They can finance the land, the barndominium, the well and any other improvements with 20% down.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

--
Burnet Elementary SchoolGrades PK-210.6 mi
5/10
Burnet Middle SchoolGrades 6-810.5 mi
6/10
Burnet High SchoolGrades 9-1210.6 mi

Construction

Condition

  • Property condition: See Remarks
  • Year built: 2026

Materials

  • Foundation: Slab
  • Roof: Metal

Other

  • Builder name: Western River View Investments, Inc

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm

Interior

Appliances

  • Appliances included: None

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 1

Features

  • None
  • Window features: Insulated Windows,Vinyl Windows
  • Flooring: Concrete

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total interior livable area: 1,200 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 47277
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Front Porch
  • Exterior features: None
  • Fencing: None
  • Has view: Yes
  • View description: Hill Country,Pasture
  • Waterfront features: None

Lot

  • Lot size: 20 Acres
  • Features: Agricultural,Trees-Heavy

Parking

  • Parking features: None

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
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters Across Texas Counties

Flood
Severe Storm
Straight Line Winds
Winter Storm

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 $2,401$28,812
Home Insurance *$351$4,212
Property Taxes $372$4,464
Electricity $238$2,859
Total$3,362$40,344
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$115,268/yr
40% on housing$100,860/yr
45% on housing$89,653/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: 4.9%
4.9%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$396This listing

vs Other Active Listings

Avg $/sqft

ZIP 76550$275
Burnet County$388

vs Homes Sold Last Month

Median $/sqft

ZIP 76550$163
Burnet County$198

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

DateEventPrice
2026-07-20Price change$475,000
2026-06-16Listed for sale$495,000

For Sale by Agent

AgentRex Bumpus
BrokerageBumpus Real Estate

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