2555 County Road 1139
About This Property
Create a lifetime of outdoor memories with family on this exceptional 95+- acre recreational ranch located just 7 miles north of Lampasas. With a wildlife exemption already in place for low property taxes, this turnkey ranch is ready for hunting weekends, family getaways, holiday traditions, or full-time country living.
The property offers outstanding wildlife habitat and hunting opportunities for whitetail deer, turkey, dove, occasional quail, and seasonal ducks on the spring-fed pond. For young outdoorsmen and anglers, the pond provides excellent fishing for largemouth bass and sunfish, making it easy to introduce the next generation to the outdoors right from your own property.
A newly upgraded chip-sealed road leads from the county road to a beautifully remodeled 840 sqft home updated in 2019. The comfortable 2-bedroom, 1-bath home features a welcoming living room, dining area, and kitchen, along with a spacious 364 sqft covered front porch-perfect for enjoying sunrises, watching wildlife, or sharing stories after a successful day in the field.
Additional improvements include a matching 240 sqft storage barn with electricity, rainwater collection system with a 9,592-gallon water storage tank, septic system, electric service, and septic-ready RV parking for visiting family and friends. Gather around the large outdoor fire pit for s'mores and campfire stories, tend the raised garden beds, or simply enjoy the peace and privacy of the Texas countryside.
Whether you're teaching your children to hunt, spending weekends fishing by the pond, exploring the ranch on ATVs, or creating a family legacy property to enjoy for generations, this ranch offers the perfect blend of recreation, comfort, and country living.
With many items conveying, this fully equipped and turnkey ranch is ready to hunt, fish, relax, and make memories from day one
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2026 | Price Decreased |
$1,250,000
↓ $10K
(0.8%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$1,260,000
↓ $15K
(1.2%) | |
| Price Decreased | |||
| Jun 11, 2026 | Listed by Shipley Ranches | $1,275,000 | |
| Listed by Shipley Ranches | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017