Lampasas, TX 76550 (Lampasas County)
About this property
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 details
Location
About the Area
8467 N US 281 Hwy is located in Lampasas, Texas, in Lampasas County. Lampasas County sits at the northeastern edge of the Hill Country, centered on Lampasas, a small historic city known for its mineral springs that once drew health-seekers from across Texas. The county blends working ranch land with proximity to the Killeen-Temple metro and the growing northern Austin suburbs.
The Lampasas River flows through the county seat, and Sulphur Creek, fed by mineral springs, runs through historic downtown Lampasas. The terrain features limestone hills and cedar brakes in the west transitioning to gentler agricultural land in the east. Lampasas sits at the edge of the Lampasas Cut Plain geological region.
Lampasas had an estimated population of 7,506 as of 2023. The 76550 zip code has a median household income of $73,697, a median home value of $237,600, and a median age of 42.8. The average household size is 2.63 people.
Cattle ranching, agriculture, Fort Cavazos proximity, and a growing commuter population from the Killeen-Temple metro define the Lampasas County economy. The county offers affordable Hill Country-adjacent acreage for buyers who want the landscape without the premium prices of the core Hill Country counties.
Demographic data sourced from the U.S. Census Bureau, American Community Survey 5-Year Estimates (2023).
Listing information © 2026 Unlock MLS (ACTRIS). All data provided AS IS. Information is deemed reliable but not guaranteed. Listing courtesy of Texas Ranch Brokers LLC.