247 E Fm 581 Hwy
About this property
Offered at $980,000, this is an opportunity to own an 86 acre property with incredible views, highway frontage and investment potential in one of the Hill Country’s most sought-after regions. Location: Located just minutes from Lometa, this 86-acre Hill Country ranch offers sweeping long-range views, approximately 1700 feet of Highway 581 frontage, and exceptional versatility for cattle, recreation, or investment. A seasonal creek winds through the property, enhancing its natural character and appeal. The ranch is easily accessible from both Highway 581 and County Road 2745—just 9 minutes from Lometa and roughly 1 hour and 30 minutes from Austin. With electricity on-site and a water line along Highway 581, this property is well-positioned for future development, a premier homestead, or continued agricultural use. History: This parcel was once part of the historic Wagon Wheel Ranch — a notable operation recognized for its high-quality horse breeding and cattle program throughout much of the 20th century. The land reflects the authentic ranching heritage that defines this region, offering a rare opportunity to own a piece of Hill Country history with investment potential. Land: Situated in the heart of Lampasas County, this 86-acre ranch offers a blend of usability, scenic beauty, and investment potential. The land is primarily flat with gentle rolling terrain, providing exceptional grazing opportunities for cattle or other livestock. A wet-weather creek meanders through the property, adding natural character and seasonal water features that enhance both ranching and recreational appeal. Electricity is on-site, and a community water line runs along FM 581—making this ranch well-suited for development, continued agricultural use, or long-term investment. Property is currently under Agriculture exemption.
Property details
Location
About the Area
247 E Fm 581 Hwy is located in Lometa, 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.
Lometa had an estimated population of 787 as of 2023. The 76853 zip code has a median household income of $64,750, a median home value of $247,200, and a median age of 50.1. The average household size is 3.12 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 Allen Cowden, Broker.