Smith Family Sells 2,894-Acre Smith Ranch In Lampasas, Texas For $42 Million

The asset involved in the transaction is the Smith Ranch, a 2,894-acre recreational property located at 690 County Road 1299 in Lampasas, TX. The ranch was listed for $42 million and features private lakes, ponds, shooting ranges, guest facilities, a lodge, two private airstrips, and exotic wildlife.

Summary of transaction details:

• Property Type: Ranch
• Transaction Amount: Not disclosed
• Address: 690 County Road 1299
• Market: Lampasas, TX
• Seller: Smith family
• Brokers: Luke Smith & Stieler Harris - TX Real Estate
• Acres: 2,894

The transaction was facilitated by brokers Luke Smith and Stieler Harris, who represented the Smith family in the sale of the property. The new owners plan to utilize the Smith Ranch as a recreational property and intend to pass it down for future generations.