There was one released fairly recently. Wizardry Variants Daphne. 

On a related-ish note, Richard Garriott has apparently been trying to buy back Ultima, to no avail. He's also apparently been hanging around at Larian Studios, which fuels all kinds of wild speculation about Larian doing an Ultima game. 

Keept that nutjob away from gaming these days. Industry has passed him buy and he is still trying to live off some lame ass persona. His last game was a clusterfuck, sketchy and shit. Then went to do NFT garbage. The dude has not done anything worth a shit since Bill Clinton was president. 

Shroud of the Avatar wasn't that bad, the clusterfuck and NFT shit all came AFTER Garriot left respectively got pushed out (again!)

The monetization was in the game from the start, but originally (during the kickstarter campaign until almost the release), you could outright buy a plot, downgrade to renting (and all the other renting/monetization) options came after he left in 2018.

The main problem for Garriot with that game was the vision, which was way too big for what a smaller studio like his could realistically achieve. He didn't have the funds from a backing of a big publisher like EA (Origin Systems) or NCSoft (Destination Games) with Portalarium and simply way overdid it, running out of money to which the studio reacted by monetizing absolutely everything.

I wouldn't mind Garriot coming back and making a new Ultima... but an offline one please!

And while we're at it, Jon Van Canegem could also make a new Might & Magic and Brenda Romero a new Wizardry if they just could get their licenses back...