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.
Active
$21,500,000
Lampasas, TX 76550
--beds
--baths
78,492sqft
Est.:
Farm
Built in 2007
408.74 Acres Lot
$-- Zestimate®
$274/sqft
$-- HOA
What's special
Native treesExquisite craftsmanshipMulti-use buildingStunning main houseProductive bottom landBreathtaking vistasHigh fencing
- 395 days
- on Zillow |
- 782 |
- 35 |
Zillow last checked: 7 hours ago
Listing updated: August 07, 2025 at 07:04am
Listed by:
Mike Bacon (512) 756-7718,
Texas Ranch Brokers LLC (512) 756-7718,
Drew Colvin (512) 755-2078,
Texas Ranch Brokers LLC
Source: Unlock MLS,MLS#: 1527030

Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Central, Fireplace(s), Propane
Cooling
- Ceiling Fan(s), Central Air
Interior area
- Total interior livable area: 78,492 sqft
Video & virtual tour
Property
Features
- Fencing: Gate, Perimeter, See Remarks
- Has view: Yes
- View description: Hill Country, Lake, Pasture
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Waterfront
- Body of water: See Remarks
Lot
- Size: 408.74 Acres
- Features: Landscaped, Private, Rolling Slope, Sprinkler - Automatic, Many Trees, Views, See Remarks
Details
- Additional structures: Garage(s), Guest House, Residence, RV/Boat Storage, Second Residence, Storage, Workshop
- Has additional parcels: Yes
- Parcel number: 2156304000000
- Special conditions: See Remarks
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Farm
Condition
- New construction: No
- Year built: 2007
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Available, Propane, See Remarks
Community & HOA
Community
- Subdivision: none
HOA
- Has HOA: No
Location
- Region: Lampasas
Financial & listing details
- Price per square foot: $274/sqft
- Annual tax amount: $51,067
- Date on market: 7/17/2024
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: PVD, See Remarks
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