— bed, — bath on 15.49 acres in Blanco. Blanco, TX 78606. $3,000,000.
About This Home
Rolling Hills Lake Estate offers a unique commercial opportunity in Blanco, Texas, with highly desirable US Hwy 281 frontage in the heart of the Texas Hill Country. Positioned on approximately 15± acres with direct access to Hwy 281, the property benefits from strong visibility, convenient ingress and egress, and steady traffic flow between San Antonio, Austin, Johnson City, and Marble Falls.
The property is anchored by a rare 3-acre private lake, creating a distinctive setting that sets it apart from typical commercial land offerings in the region. Existing improvements include multiple residential structures, guest accommodations, and a fully built-out shop with office space and gym, providing flexibility for a variety of potential uses.
With a combination of location, frontage, and natural features, this property is well-suited for a range of commercial, hospitality, or mixed-use concepts seeking a Hill Country presence with water and acreage. The balance of open land, existing infrastructure, and scenic appeal offers both immediate usability and long-term development potential.
Located just minutes from Blanco and within easy reach of both San Antonio and Austin, this is a rare opportunity to secure commercial property with Hwy 281 frontage, acreage, and a private lake in one of the most sought-after areas of the Texas Hill Country.
Rolling Hills Lake Estate commands 15.49 acres of prime Texas Hill Country commercial real estate on US Highway 281 in Blanco, with the kind of strategic positioning that separates exceptional opportunities from ordinary land transactions. This is not speculative acreage-it's a fully operational property with three acres of private lake frontage, existing structures, and built infrastructure that immediately generate utility and revenue potential.
The grand entrance arrives via direct Highway 281 access, a location advantage that cannot be replicated. Traffic flow between San Antonio, Austin, Johnson City, and Marble Falls creates constant visibility and convenient access for customers, guests, or tenants. The property sits minutes from downtown Blanco while commanding presence on one of the Hill Country's most traveled corridors. This positioning appeals to hospitality operators, destination retailers, or mixed-use developers seeking Hill Country credentials without remote isolation.
The existing improvements reflect thoughtful development. Multiple residential structures and guest accommodations provide immediate occupancy options or serve as operational backbone for a larger concept. The fully built-out shop features office space and gym facilities-functional infrastructure that demonstrates prior investment in professional standards and operational capability. These elements reduce development friction for commercial operators considering immediate activation versus ground-up construction.
The private lake anchors the property's distinctive appeal. Three acres of water frontage command attention in a region where waterfront property defines luxury and recreational value. The lake transforms 15.49 acres from typical land holding into a distinctive asset with recreation, aesthetic value, and potential event venue capabilities. Lakefront positioning elevates concept possibilities beyond conventional commercial use.
The grounds balance open land with scenic appeal, offering flexibility for expansion, development staging, or additional improvements without density constraints. The combination of Highway 281 frontage, acreage, water features, and existing infrastructure creates rare convergence of factors that typically require assembling multiple parcels. This property already exists as an integrated whole.
Blanco County's growth trajectory and the Texas Hill Country's sustained appeal to hospitality, wellness, and destination retail operators position this asset for multiple use cases. Whether envisioned as boutique resort, event venue, commercial enterprise, or mixed-use development, Rolling Hills Lake Estate offers the foundation that transformative concepts require. The 2017 construction timeline means modern building standards and systems are already established. This is legacy commercial real estate positioned for the next chapter.
The numbers behind this insight
- Offered at
- $3,000,000
- Listed
- April 16, 2026
- Price changes
- Reduced, down 8.8% from $3,289,000
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $737 per sq ft over the trailing 12 months (185 sales), as of October 21, 2026.
- Property Type
- Commercial Sale
- Year Built
- 2017
- Lot Size
- 15.49 acres
Listing information last updated September 2, 2026.
Listed by Magnolia Realty Austin Hill Co
MLS# 5027267 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Concrete
- Vinyl
- Wood
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Log
- Stucco
- Slab
- Lot Size
- 15.49 Acres
- Attached Carport
- Detached Carport
Financial
- Original List Price
- $3,289,000
Utilities
- Electricity Connected
- Water Source
- Well
- Sewer
- Aerobic Septic
Transaction History
6 records on file
Every recorded listing, sale, and lease at 101 Rolling Hills RD, whoever represented it.
- ActiveListed 2026Current price: $3,000,000Original list: $3,289,000MLS 5027267
- Listed · April 16, 2026$3,289,000
- Price changed · July 9, 2026$3,189,000
- Price changed · September 1, 2026$3,000,000
- ActiveListed 2026Current price: $3,000,000Original list: $3,289,000MLS 1596560
- Listed · April 16, 2026$3,289,000
- Price changed · July 9, 2026$3,189,000
- Price changed · September 1, 2026$3,000,000
- ActiveListed 2026Current price: $3,000,000Original list: $3,289,000MLS 1083026
- Listed · April 27, 2026$3,289,000
- Price changed · July 9, 2026$3,189,000
- Price changed · September 1, 2026$3,000,000
- ExpiredListed date not recordedCurrent price: $775,000Original list: $775,000MLS 8610778
- ExpiredListed date not recordedCurrent price: $849,900Original list: $849,900MLS 5992497
- ExpiredListed date not recordedCurrent price: $849,900Original list: $849,900MLS 3805441
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $3,000,000
- Original list
- $3,289,000
- Price movement
- $289K reduction
- Listed / DOM
- Apr 16, 2026 · 188 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $819,232
- Assessment Year
- 2025
- Year Built
- 2014
- Parcel ID
- R-15-2300-0300-0001
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026+10.0% | — | $901,155 | $385,463 | $515,800 |
2025 | — | $819,232 | $392,338 | $426,894 |
Virtual Tour

20% ($600K)
Adjustable assumption - not a lending recommendation.
$3,000,000
Luxury property intelligence
Keenan Market Position
A sourced read on Blanco pricing, timing, and property scale. No automated valuation claim.
List price
$3,000,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
188 days
Original to current
$289K reduction
$3.3M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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