MOTIVATED SELLER. The lowest price per acre for a live water ranch within 1 hour of Austin, TX. Lucy Creek Ranch is a premier 386 acre live-water Texas Hill Country ranch located in Lampasas County, just 1 hour and 12 minutes from Austin. This rare offering features over half a mile of spring-fed Lucy Creek, dramatic limestone bluffs, rolling terrain, and excellent long-term investment potential. Live-water ranches of this caliber and proximity to Austin are increasingly difficult to replace. The ranch showcases rolling Hill Country topography with mature live oak motts, cedar flats, and healthy native grasses. Open pastures blend seamlessly with hardwoods and cedar, providing excellent habitat for wildlife and grazing. Elevation changes create long-range views and multiple elevated homesites ideal for a family retreat, recreational ranch, or future improvements. Lucy Creek flows year-round and remains reliable even during drought, offering audible streamflow, deep pools, and a scenic limestone backdrop. Additional water features include wet-weather ravines with natural seep springs, a spring-fed pond suitable for waterfowl hunting or stocking, and four wet-weather stock tanks. Two drilled water wells are present, one currently supplying livestock troughs. Improvements include partial low fencing with cross fencing, an internal road system, electricity, two RV hookups, and a water line along CR 2207. Twometal RV overhangs allow for immediate use while maintaining flexibility for future development. Native wildlife includes whitetail deer, Rio Grande turkey, dove, duck, and wild hogs, and the ranch carries an agricultural exemption. With frontage on both County Road 2207 and Highway 281, and just minutes from downtown Lampasas, Lucy Creek Ranch represents an outstanding hold-or-improve opportunity in the heart of the Texas Hill Country.