My Search Tools:

$21,500,000 - 8467 N Us 281 Highway, Lampasas

-
Bedrooms
-
Baths
78,492
SQ. Feet
408.74
Acres

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.

Essential Information

  • MLS® #:
    1527030
  • Price:
    $21,500,000
  • Bathrooms:
    0.00
  • Square Footage:
    78,492
  • Acres:
    408.74
  • Year Built:
    2007
  • Type:
    Farm
  • Sub-Type:
    Ranch
  • Status:
    Active

Community Information

  • Address:
    8467 N Us 281 Highway
  • Subdivision:
    none
  • City:
    Lampasas
  • County:
    Lampasas
  • State:
    TX
  • Zip Code:
    76550

Amenities

  • Utilities:
    Electricity Available, Propane, See Remarks
  • View:
    Hills, Lake, Pasture
  • Is Waterfront:
    Yes
  • Waterfront:
    Lake Front, Waterfront

Interior

  • Heating:
    Central, Fireplace(s), Propane

Exterior

  • Lot Description:
    Landscaped, Many Trees, Private, Rolling Slope, See Remarks, Sprinklers Automatic, Views

School Information

  • District:
    Lampasas ISD
  • Elementary:
    Hanna Springs
  • Middle:
    Lampasas
  • High:
    Lampasas

Property Listed by: Texas Ranch Brokers Llc

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 April 5th, 2026 at 9:45am CDT. 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.