122 Reserve Way

467,834 / 10.74
Lot Size / Acres

Description

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
...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
  1. Listed by Andy Deck • TREC #0712002 • Longhorn Realty, LLC
    P: (512)-589-0290 C: (512)-589-0290 andy@longhornrealty.com

Property Details for 122 Reserve Way

Subdivision Name
Homestead Hills
Waterfront
No
Waterfront Description
Seasonal
Water Access Description
See Remarks
View
Hills, Panoramic, Trees/Woods
View YN
Yes
Parcel Number
118780
Tax Lot
58
LISTING UPDATED: 05/05/2026 05:54 PM

Property Details for 122 Reserve Way

StatusActive
MLS #6154663
Days on Market698
Taxes$10 / year
HOA Fees$400 / year
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand / Unimproved Land
Year Built-
Lot Size10.74 AC
CountyBurnet County

Location

Listing Courtesy of Longhorn Realty, LLC, Andy Deck, TREC #0712002
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Building Information for 122 Reserve Way

Lot Size10.74 AC

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$865 per month

30 year fixed, 6.46% Interest

Principal and Interest

$830

Property Taxes

$1

HOA Dues

$33

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Property Information for 122 Reserve Way

General Information
Interior
  • Restrictions: DeedRestrictions
Exterior
  • New Construction: No
  • Fencing: Barbed Wire
  • Community Features: See Remarks
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: Agricultural, Cul De Sac, Many Trees, Views
  • Road Surface Type: Concrete
  • Mineral Rights: None
  • Horse: Yes
  • Corporate Owner Allowed YN: Yes
  • Horse Amenities: SeeRemarks
Utilities
  • Sewer: Septic Needed
  • Utilities: Electricity Available
Unit Information
Unit 1
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: Yes
  • Association Name: Homestead Hills
  • Association Fee Includes: SeeRemarks
  • Tax Assessed Value: $698
  • Additional Parcels: No
  • Tax Year: 2023
  • Tax Rate: 1.45%
Showing Information
Showing Information
  • 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.

Property History for 122 Reserve Way

DateEvent & SourcePriceAppreciation
May 5, 2026

Price Change

ACTRIS #6154663

$164,900
May 5, 2026

Price Change

CTXMLS #559396

$164,900
Jun 13, 2025

Expired

CTXMLS #547466

$194,900
DateEvent & SourcePrice
05/05/2026

Price Change

ACTRIS #6154663

$164,900
05/05/2026

Price Change

CTXMLS #559396

$164,900
06/13/2025

Expired

CTXMLS #547466

$194,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 122 Reserve Way

Taxable ValueLand$713Additions-Total$713
Tax Record2024$3 ($0 / month)
Home Facts
Lot Size467,834 SqFtStyleAgricultural / RuralCountyBURNETAPN118780

Schools near 122 Reserve Way

This home is within Lampasas Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Kline Whitis Elementary School
PublicPK to 5

Lampasas Middle School
Public6 to 8

Lampasas High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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122 Reserve Way is a 10.74 ac of land for sale in Lampasas, TX 76550. This property was listed for sale on June 10, 2024 by Longhorn Realty, LLC, it's currently listed at $164,900. This listing's school district is Lampasas Independent School District. Nearby schools include Kline Whitis Elementary School, Lampasas Middle School and Lampasas High School. 122 Reserve Way is a 0-bed, 0-bath, 10.74 ac of land on a 467,834 sq. ft. / 10.74 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Longhorn Realty, LLC, Andy Deck, TREC #0712002

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2026 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2026] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.