320 Waterbuck Way Lampasas, TX 76550
This exceptional 5.25-acre property presents a unique opportunity to own a piece of Texas Hill Country paradise. Situated within the desirable gated community of The Ranches at Blackbuck Ridge, this land boasts breathtaking views and a welcoming neighborhood atmosphere. The property is conveniently located approximately one hour northwest of Austin, and just 20 minutes from the shopping and dining options of Lampasas and Burnet. Outdoor enthusiasts will appreciate the proximity to several state parks, including Inks Lake State Park, Buchanan Lake, Longhorn Cavern State Park, and Colorado Bend State Park. Numerous wineries are also located nearby. The land offers a low tax rate, further enhanced by the possibility of a wildlife exemption. Essential utilities, including electricity, are available at the building site, and a well and well-house are already in place. While a septic system will be required, this property provides a solid foundation for building your dream home or a lucrative investment opportunity. Enjoy the peace and tranquility of this remarkable location, while still being within easy reach of urban amenities. This is truly a rare find in the highly sought-after Texas Hill Country.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.