122 Reserve Way
About this property
lot 58 (122 Reserve Way)- Homestead Hills Subdivision| Lampasas Welcome to your private piece of the Texas Hill Country! Tucked away at the end of a quiet cul-de-sac, this premium 10.74-acre estate in the highly desirable, gated Homestead Hills subdivision offers the perfect blend of luxury, privacy, and rugged natural beauty. The property boasts a gently sloping topography characterized by dense pockets of mature cedar trees, creating natural privacy screens and a serene, park-like atmosphere. Ascend to the elevated, cleared custom build site where you can design your dream home to capture panoramic, unobstructed long-range views of the surrounding valleys. Whether you want to build a luxury custom estate, establish a small multi-species hobby ranch, or simply enjoy the peace of country living, this property delivers. Benefit from the existing Ag-Exemption, keeping your holding costs and property taxes incredibly low. Located within the highly-rated Lampasas ISD, you get the best of rural tranquility without sacrificing excellent educational opportunities and community standards. Deed restrictions are in place to protect your investment and maintain the community's upscale aesthetic. Electricity is available at the road; private well and septic are required. Do not miss this rare opportunity to own a massive, double-digit acreage lot on a premium cul-de-sac street. Schedule your private tour today!
Property details
Location
About the Area
122 Reserve Way is located in Lampasas, Texas, in Burnet County. Burnet County sits in the heart of the Highland Lakes region, anchored by the city of Burnet, the Bluebonnet Capital of Texas, and Lake Buchanan, the largest of the Highland Lakes chain. The county blends working ranch land with lakefront recreation in a landscape that has drawn Texans for generations.
The Colorado River was dammed in the 1930s to create the Highland Lakes chain, and Lake Buchanan and Inks Lake both lie within Burnet County. The terrain transitions from the granite-topped Central Mineral Region in the west to limestone hills in the east, with the Colorado River canyon cutting through dramatic bluffs.
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.
Lake tourism, retirement communities, granite quarrying, ranching, and small-scale agriculture drive the Burnet County economy. The county is experiencing significant growth as Austin-area buyers seek lakefront properties and acreage within a 90-minute drive of the city.
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.