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half-Diamond 'D' Ranch - Half-Diamond 'D' Ranch 750 Acres of Commercial Land in Killeen, TX 76542

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Investment Highlights

Approximately 750 acres located between Georgetown and Killeen, north of Austin.
Significant highway frontage in a high-growth corridor with strong development potential.
Water resources include a trinity water well and four City of Georgetown water meters.

Substantial Lampasas River frontage with 157 acre-feet of adjudicated water rights.
Existing improvements include a two-story rock home, outbuildings, and infrastructure.
Blend of open pastures and mature tree cover, ideal for recreation, ranching, or development.

Executive Summary

For the first time in over a century, this exceptional 750-acre ranch is being offered for sale, presenting a rare opportunity to acquire one of the last large contiguous tracts in the expanding Austin Metro area. Located between Georgetown and Killeen, the property boasts substantial highway frontage, making it highly accessible and visible for future development or investment. With 157 acre-feet of adjudicated water rights from the Lampasas River, a trinity water well, and multiple city water meters, the ranch offers a strong foundation for agricultural, recreational, or mixed-use development. Its proximity to Austin’s tech corridor, major transportation routes, and regional amenities further enhances its long-term value and versatility.

half-DiamondDRanch BROCHURE

Property Facts

Sale Type	Investment	Property Subtype	Commercial
No. Lots	1	Total Lot Size	750.00 AC
Property Type	Land

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Total Lot Size	750.00 AC

1 Lot Available

Lot

Lot Size	750.00 AC

Lot Size	750.00 AC

Expansive ±750-acre ranch featuring Lampasas River frontage, adjudicated water rights, and significant highway exposure in the rapidly growing Austin–Killeen corridor.

Description

This 750-acre ranch combines natural beauty, water resources, and strategic location in one of Central Texas’ most dynamic growth regions. The property features extensive Lampasas River frontage lined with mature trees, creating a scenic setting ideal for recreation or future residential development. A perfect mix of open pastures and wooded areas supports native wildlife and hunting opportunities. Key infrastructure includes a large two-story rock home, outbuildings, a trinity water well, and four City of Georgetown water meters. With its combination of size, water rights, and accessibility, this property offers unmatched potential for investors, developers, or those seeking a legacy ranch within reach of Austin and major employment hubs.

Property Taxes

Parcel Numbers	Multiple 399655 31072 399657 31071 399658 399612 399613 31070 30999 1538 354171 354138	Improvements Assessment	$279,864 CAD
Land Assessment	$141,740 CAD	Total Assessment	$421,603 CAD