$244,400
↓ $11K (4.2%)
●
Land -
For Sale
405 Heartleaf DR
Lampasas, TX 76550
Studio
0 Bath
$1,277
Est. Monthly
$76
HOA / Fees
About This Property
Welcome to Cross Timber Ranch in Burnet County, ideally located
between Burnet and Lampasas, Texas. This
stunning 10.4-acre tract offers the perfect setting to build your dream home, vacation retreat, barndominium, or
weekend getaway cabin. The property is heavily wooded with mature oak and elm trees, providing privacy, shade,
and natural beauty. Improved access at the entry and electricity available make development easy and convenient.
Situated within a gated, high-fence community, residents enjoy abundant exotic and native wildlife, including Red
Stag, Axis Deer, Aoudad, White-Tailed Deer, Blackbuck Antelope, and Wild Turkey. Take advantage of low property
taxes with an existing agricultural exemption. The annual grazing association fee is $912 per tract. Conveniently
located just a short drive to an 18-hole golf course and local wineries, this property offers the perfect blend of Hill
Country tranquility and nearby amenities.
stunning 10.4-acre tract offers the perfect setting to build your dream home, vacation retreat, barndominium, or
weekend getaway cabin. The property is heavily wooded with mature oak and elm trees, providing privacy, shade,
and natural beauty. Improved access at the entry and electricity available make development easy and convenient.
Situated within a gated, high-fence community, residents enjoy abundant exotic and native wildlife, including Red
Stag, Axis Deer, Aoudad, White-Tailed Deer, Blackbuck Antelope, and Wild Turkey. Take advantage of low property
taxes with an existing agricultural exemption. The annual grazing association fee is $912 per tract. Conveniently
located just a short drive to an 18-hole golf course and local wineries, this property offers the perfect blend of Hill
Country tranquility and nearby amenities.
Unit Size
-
Days on Market
-
Land Size
10.40 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1
HOA Dues
$76
Year Built
-
Listed By
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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: 2 months ago (Unlock MLS #ACT6720650)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2026 | Price Decreased |
$244,400
↓ $11K
(4.2%) | |
| Price Decreased | |||
| Jun 19, 2026 | Listed by Shipley Ranches | $254,990 | |
| Listed by Shipley Ranches | |||
| Jun 10, 2026 | No longer available | - | |
| No longer available | |||
| May 19, 2026 | Price Decreased |
$254,990
↓ $5K
(1.9%) | |
| Price Decreased | |||
| Jan 25, 2026 | Listed by Shipley Ranches | $259,990 | |
| Listed by Shipley Ranches | |||
   | |||
|
Welcome to Cross Timber Ranch in Burnet County, ideally located between Burnet and Lampasas, Texas. This stunning 10.4-acre tract offers the perfect setting to build your dream home, vacation retreat, barndominium, or weekend getaway cabin. The property is heavily wooded with mature oak and elm trees, providing privacy, shade, and natural beauty. Improved access at the entry and electricity available make development easy and convenient. Situated within a gated, high-fence community, residents enjoy abundant exotic and native wildlife, including Red Stag, Axis Deer, Aoudad, White-Tailed Deer, Blackbuck Antelope, and Wild Turkey. Take advantage of low property taxes with an existing agricultural exemption. The annual grazing association fee is $912 per tract. Conveniently located just a short drive to an 18-hole golf course and local wineries, this property offers the perfect blend of Hill Country tranquility and nearby amenities.
| |||
Property Highlights
Exterior Details
Waterfront Features: None
Other Structures: None
Lot Features: Agricultural
Lot Size Area: 453024
Lot Size Units: Square Feet
Lot Size Acres: 10.4
Lot Size Square Feet: 453024
Water Source: None
Financial Details
Tax Map Number: 236
Tax Assessed Value: $691
Tax Annual Amount: $10
Utilities Details
Sewer : None
Location Details
HOA/Condo/Coop Fee Includes: See Remarks
HOA Fee: $912
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Burnet
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Listed by: Jim Banks
Listed Office: Shipley Ranches - Listing courtesy of Unlock MLS
Phone: (325) 998-4548
Last Updated: 2026-08-25 04:05:03
Data Source: Unlock MLS, MLS# ACT6720650
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Shipley Ranches - Listing courtesy of Unlock MLS
Phone: (325) 998-4548
Last Updated: 2026-08-25 04:05:03
Data Source: Unlock MLS, MLS# ACT6720650
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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