$162,750
●
Land -
Off Market
238 Rolling Hills DR
Lampasas, TX 76550
Studio
0 Bath
$829
Est. Monthly
$28
HOA / Fees
About This Property
This 9.3-acre lot in The Rolling Hills Reserve presents a fantastic
opportunity for those seeking country living in the Hill Country.
Located in a private, gated community between Burnet and Lampasas,
you'll enjoy the tranquility of rural life just 15 minutes from
charming local towns.
Electricity is already available on the property, though a well and septic system will need to be installed. With flexible building restrictions, this lot is ideal for barndominiums and allows RVs during construction. Plus, the Ag-Exemption keeps property taxes low, adding to its appeal.
Experience the charm of country living while still having convenient access to nearby amenities!
Electricity is already available on the property, though a well and septic system will need to be installed. With flexible building restrictions, this lot is ideal for barndominiums and allows RVs during construction. Plus, the Ag-Exemption keeps property taxes low, adding to its appeal.
Experience the charm of country living while still having convenient access to nearby amenities!
Unit Size
-
Days on Market
-
Land Size
9.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1
HOA Dues
$28
Year Built
-
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (Unlock MLS #ACT9754661)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 1, 2026 | No longer available | - | |
| No longer available | |||
| Mar 13, 2025 | Price Decreased |
$162,750
↓ $17K
(9.6%) | |
| Price Decreased | |||
| Oct 10, 2024 | Listed by eXp Realty, LLC | $180,000 | |
| Listed by eXp Realty, LLC | |||
| Dec 23, 2023 | No longer available | - | |
| No longer available | |||
| Oct 22, 2023 | Listed by K Clark Realty & Associates, LLC. | $192,000 | |
| Listed by K Clark Realty & Associates, LLC. | |||
| | |||
|
Certainly, here's a more refined description: The Rolling Hills Reserve, a pristine parcel of land, is positioned just 16 miles north of Burnet, Texas and less than 15 miles south of Lampasas. Nestled within a serene gated community, this 18.03-acre property offers frontage along County Road 103. It features majestic oak trees and a scattering of cedar brush. During the Spring, vibrant seasonal wildflowers and bluebonnets adorn the pastures. The land is frequented by native wildlife, with the gentle calls of turkeys in the background. This represents a superb opportunity to craft your dream home in a tranquil country setting, all within the confines of an exclusive community, yet conveniently close to essential amenities.
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Property Highlights
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About Burnet
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Listed by: Kayla Runge
Listed Office: eXp Realty, LLC - Listing courtesy of Unlock MLS
Phone: (888) 519-7431
Last Updated: 2026-06-01 04:11:05
Data Source: Unlock MLS, MLS# ACT9754661
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: eXp Realty, LLC - Listing courtesy of Unlock MLS
Phone: (888) 519-7431
Last Updated: 2026-06-01 04:11:05
Data Source: Unlock MLS, MLS# ACT9754661
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. 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. Some IDX listings have been excluded from this website.
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