ReadyFront
Real Estate
$21,500,000
Photo 36
Photo 1
Photo 2
Photo 3
Photo 4
Photo 5
Photo 6
Photo 7
Photo 8
Photo 9
Photo 10
Photo 11
Photo 12
Photo 13
Photo 14
Photo 15
Photo 16
Photo 17
Photo 18
Photo 19
Photo 20
Photo 21
Photo 22
Photo 23
Photo 24
Photo 25
Photo 26
Photo 27
Photo 28
Photo 29
Photo 30
Photo 31
Photo 32
Photo 33
Photo 34
Photo 35
Photo 36
Photo 1
Active·Property for sale·MLS# 1527030

$21,500,000

↓ $2,000,000 price reduction

0
bd
·
0
ba
·
78,492
sqft
·
408.74
ac

Property details

Est. $120,144/mo20% down · 7.11% · taxes & insurance included
Get qualified
Estimate my buying powerTrue Buyer Profile · Explore affordability using your income and debts.No credit pull. Not a lender preapproval.

Ask Ready Front to help with the next step when you’re ready for a conversation.

Property story

Listing overview

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 ...

What stands out about this property

Waterfront
Water View
Hill Country View
408.7 Acres
No HOA

Key facts

The essentials

Days on market
1153
Status
Active
Property type
Ranch
Year built
2007
Lot size
408.74 acres
Price / sqft
$274
HOA
No
Pool
No
Waterfront
Yes
Open house
No
Annual tax
$51,067
Tax rate
1.78%
View
Hill Country, Lake, Pasture
County
Lampasas

Monthly payment breakdown

Principal & interest$115,705
Property tax$4,256
Homeowners insurance$183
$120,144estimated / month

Principal, interest, taxes, insurance

Interest rate

Freddie Mac 30-year · Nov 12, 2026

7.11%
Principal & interest$115,705
Estimated monthly property tax$4,256
Homeowners insurance$183
Down payment20% · $4,300,000
Build your True Buyer Profile

Nearby Schools

Sorted by proximity · Latest TEA ratings · Verify attendance boundaries

No school data available for this area.

Property Details

Interior

Rooms
Bathrooms
0
Living Area (SqFt)
78492
Days on Market
1153

Property

Structure
Property Type
Farm
Sub Type
Ranch
Year Built
2007
Lot Size
408.74 acres
Open House
No
New Construction
No

Exterior

Exterior Features
Private Pool
No
Waterfront
Yes
View
Hill Country, Lake, Pasture
Utilities
Heating
Central, Fireplace(s), Propane
Cooling
Ceiling Fan(s), Central Air
Water Source
Well
Sewer
Septic Tank
ReadyFront Checked4 minutes ago
|
MLS Updated9 months ago
|
On ReadyFront314 days
Listing Information
Listing Agent
Mike Bacon
Texas Ranch Brokers LLC
MLS Source
#1527030
actris

Listing data supplied through MLS Grid by the reported MLS source. Information deemed reliable but not guaranteed.

Updated Feb 3, 2026

Price History

DateEventPrice
Jun 14, 2023Listed for sale$23,500,000

Price history from current MLS listing data. Historical transactions may not be shown.

Tax Information

YearAnnual Tax / Estimate
2022$51,067

For full tax history, visit the county assessor.

Lampasas County Assessor

Data Source & Disclaimer

Property data is supplied through MLS Grid by actris and is updated periodically. While we strive to provide accurate and up-to-date information, details may be incomplete, outdated, or subject to change without notice.

Information is provided for personal, non-commercial use only and may not reflect all real estate activity in the market. Certain listings may be excluded in accordance with MLS rules. Buyers are encouraged to independently verify all information.

Explore Current Central Texas Inventory

Every location below currently has a public listing in Ready Front search.

Can't find what you're looking for?

Browse all current public listings or tell us what you need.