Situated just a short 10-minute drive from Lampasas up Highway 281, this exceptional 113.38-acre property offers a rare combination of operational or residential opportunity. With natural Texas Hill Country beauty and long-term investment potential. This land sells itself with its Rolling Hills across a rich bottomland and up to its elevated points with spectacular panoramic views! The landscape boasts a dense variety of native trees and hardwoods with cedar at a minimum. This ranch is fully perimeter-fenced and features additional heavy-duty pipe fencing and run pens. A perfect setup for your horse or cattle operation. A small herd of Longhorn cattle will convey with an acceptable offer! The STAR feature of the land is a live underground spring that reliably keeps a picturesque pond filled year-round, complemented by both co-op water service and an additional private water well. Equestrian amenities include a dedicated three-stall horse barn outfitted with storage rooms for tack and hay. Anchoring the property is a split-level, four-bedroom, three-and-a-half-bath home full of character and architectural potential, making this versatile spread an ideal private equestrian retreat or a highly promising real estate investment. Let us show you around today!