#4594835, Tammy Fox-Beaver, Listing Office: All City Real Estate Ltd. Co
Property details
About 122 Reserve Way
10.74 Acres in Burnet County This AG EXEMPT property is located in the exclusive, gated ranch community of Homestead Hills. Offering the perfect setting to build your custom Hill Country ranch home, this property features breathtaking, unobstructed views and a serene, peaceful atmosphere. Enjoy the tranquility and privacy that this exceptional location provides, making it an ideal spot for your dream ranch retreat. Land Tucked away on a private cul-de-sac, this lot features an appealing sloping topography with several potential build sites. You can create scenic pathways through the cedar trees to preserve your privacy while unveiling stunning views at the back of the property. The land backs up to a 500+ acre ranch, offering added seclusion and natural beauty. Utilities: • Power: Available • Water: Well needed • Sewer: Septic needed • Internet: Starlink is best option Homestead Hills The large concrete entrance off county road 101 leads to an impressive gate constructed of limestone and metal. The development has concrete private roads throughout. There's a community ag exemption in place to help lower property taxes. The development has light restrictions to preserve your investment (ie. Barndominiums and commercial activities are allowed) Location Homestead Hills is located 2.3 miles from US 281 • 16 miles to Burnet • 37 miles to Liberty Hill • 71 miles to downtown Austin
Highlights
Summary
- View: Hills
- Exterior: Fence
- List Price: $184,900
- HOA Amount: $33
- HOA Frequency: Annually
- Annual Tax Amount: $11
- Tax Year: 2023
- Directions: From Burnet, go north of 281. Turn left onto Burnet-Lampassas Rd (CR 101). Turn left onto Homestead Dr. Turn left onto Reserve Way.
- Lot Size: 10.74 Acres
- MLS Number: 559396
- MLS Name: CentralTexas
- Office Name: Longhorn Realty, LLC
- Office Phone: (512) 289-2121
- Listing Agent: Andrew Deck
Data provided by the Central Texas MLS IDX program. Information deemed reliable but not guaranteed. Some properties which appear for sale may no longer be available due to no longer being offered for sale. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2025 Central Texas MLS, All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Texas Real Estate Commission Consumer Protection Notice
Texas Real Estate Commission Information About Brokerage Service
Last updated on: 5/10/2025, 9:15:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹

$184,900
122 Reserve Way
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $698 | $11 |
History based on county public records data.
Nearby schools
7
Kline Whitis Elementary School
Public District PK-5
7.7 mi
•500 S Willis St
4
Hanna Springs Elementary School
Public District PK-5
9.3 mi
•604 E Avenue F
3
R. J. Richey Elementary School
Public District 3-5
13.6 mi
•500 E Graves St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $76,923. Residents of Lampasas, TX typically earn between $35k-100k each year. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.
Similar homes for sale
Frequently asked questions
About 122 Reserve Way
The listing price of 122 Reserve Way property is $184,900.
The property 122 Reserve Way is land located in Lampasas, Texas, 76550.
Active Listing: 122 Reserve Way is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 122 Reserve Way are: Kline Whitis Elementary School (GreatSchools Rating 7/10), Hanna Springs Elementary School (GreatSchools Rating 4/10), R. J. Richey Elementary School (GreatSchools Rating 3/10), Lampasas Middle School (GreatSchools Rating 6/10), Burnet Middle School (GreatSchools Rating 4/10), S.C. Lee Junior High School (GreatSchools Rating 5/10), Lampasas High School (GreatSchools Rating 6/10), Burnet High School (GreatSchools Rating 5/10), Quest High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $11 (source: MLS/based on county public records data).
The property 122 Reserve Way is 10.74 acres.
This home is located at 122 Reserve Way in Lampasas, TX and zip code 76550. Features: 0 bathroom. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $184,900.
Lampasas, TX housing market in April 2025 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 5 sold below. Between March and April 2025, Lampasas, TX real estate market has seen increase in the number of listings by 21.5%. In April 2025, listings were on the market for 77 days. During the same period, the median list price in this real estate market was $332,000.