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Keenan Group#1 Austin Board of Realtors Team 2024

$700,000

1Beds
1Baths
8.62 acresLot

121 Spring Cv, Dripping Springs, TX 78620

Dripping Springs·MLS# 8559268·120 days on market

1 bed, 1 bath on 8.62 acres in Dripping Springs. Dripping Springs, TX 78620. $700,000. Dripping Springs ISD.

About This Home

Discover the perfect blend of functionality, privacy, and Hill Country beauty on this exceptional 8.61-acre property at the end of a quiet cul-de-sac. Offering panoramic views, a cleared and established homesite, and valuable infrastructure already in place, this property is ideal for a future custom home, weekend retreat, homestead, or live/work setup in the Texas Hill Country. The property features a 2,400 square foot spray foam insulated barndominium/shop designed for versatility and comfort. Inside, you’ll find two built-in bedrooms, one full bath, loft storage space, and two split-unit HVAC systems providing efficient heating and cooling year-round. The building is perfectly suited for use as a workshop, temporary residence while building, equipment storage, or future guest quarters. The loft area offers additional storage and could easily be finished out for expanded living space. Designed with long-term functionality in mind, the property includes a permitted septic system already engineered for an additional future home (to be built), a 350-foot well, and an impressive 29,000-gallon rainwater collection system complete with water purification and UV filtration. The combination of well water and rainwater storage provides outstanding utility and self-sufficiency potential. The land has already been thoughtfully cleared to showcase the property’s breathtaking Hill Country views while preserving the natural beauty and privacy of the surrounding landscape. An agricultural exemption has recently been approved, with active bee keeping in place through Keepers Harvest, creating an excellent opportunity for reduced property taxes. Whether you’re looking for a turnkey property, future homesite, recreational retreat, or private Hill Country escape, this rare acreage tract offers flexibility, infrastructure, and incredible potential in a peaceful cul-de-sac setting.

Property Type
Residential
Lot Size
8.62 acres
Garage
2 spaces

Listing information last updated September 17, 2026.

Listed by Coffman Real Estate

MLS# 8559268 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

2-car garage with additional parking capacity
Generous 8.62-acre lot
Water Purifier
Cul-De-Sac
Trees-Large (Over 40 Ft)
Many Trees

Facts & Features

Interior

Appliances

  • Water Purifier
Cooling
See Remarks,Wall/Window Unit(s)
Exterior & Lot

Construction

  • Spray Foam Insulation
  • Metal Siding

Lot Features

  • Cul-De-Sac
  • Level
  • Trees-Large (Over 40 Ft)
  • Many Trees
Lot Size
8.62 Acres

Parking

  • Additional Parking
  • Door-Multi
Garage Spaces
2

Waterfront

  • Creek
Financial
Original List Price
$700,000
Utilities
  • Electricity Connected
Water Source
See Remarks,Well

Transaction History

1 record on file

Every recorded listing, sale, and lease at 121 Spring CV, whoever represented it.

  1. ActiveListed 2026
    Current price: $700,000Original list: $700,000MLS 8559268
    1. Listed · June 24, 2026$700,000

Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.

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Price & Listing History

Listing timeline with current price, original ask, and market time.

View Timeline
Current list
$700,000
Original list
$700,000
Price movement
No verified reduction
Listed / DOM
Jun 24, 2026 · 120 days

Tax Record

Public record data from county appraisal records. Market value can differ from assessed value.

Assessed Value
$492,834
Assessment Year
2025
Year Built
2021
Parcel ID
11-5025-0000-02400-4
YearTaxesTotal AssessmentLandAdditions
2025
—$492,834$434,694$58,140

Virtual Tour

Virtual tour of 121 Spring Cv
Map showing 121 Spring CV
121 Spring CV
Directions

Zoned Schools & District Context

Dripping Springs ISD →

1 High School1 Middle School1 Elementary School

Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.

Principal & interest
$3,877

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

20% ($140K)

Adjustable assumption - not a lending recommendation.

$700,000

Loan: $560K
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Luxury property intelligence

Keenan Market Position

A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.

List price

$700,000

Price per sqft

Not available

Vs. Neighborhood guide reference price

Not available

Days on market

120 days

Original to current

No verified reduction

$700K original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.

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Frequently Asked Questions

How much is 121 Spring Cv?

121 Spring Cv is listed at $700,000 with 1 bedrooms, 1 full bathrooms, 8.62-acre lot. This places it above the ZIP 78620 single-family closed-sale median price of $600,000 (ZIP 78620 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 21, 2026).

What school district is 121 Spring Cv in?

121 Spring Cv is zoned for Dripping Springs ISD with assigned schools: Dripping Springs (elementary), Dripping Springs Middle (middle), Dripping Springs (high). School assignments should be verified directly with the district.

What are the property details for 121 Spring Cv?

121 Spring Cv is a Residential featuring 1 bedrooms, 1 full bathrooms, 8.62-acre lot.

What are the property taxes for 121 Spring Cv?

The most recent annual property tax for 121 Spring Cv is $8,060. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.

How should a buyer estimate the monthly payment for 121 Spring Cv?

This page does not assume a mortgage rate or publish a monthly payment for 121 Spring Cv. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 121 Spring Cv compare with other homes in Dripping Springs?

As of Oct 16, 2026, 121 Spring Cv is offered at $700,000. The current MLS snapshot shows 225 active listings in 78620. Keenan Group has completed 15 verified transactions in 78620 within its 1,000+ completed transactions and $1B+ career volume across Austin.

What is the water access at 121 Spring Cv?

The MLS listing marks 121 Spring Cv as waterfront. The reported waterfront feature is Creek. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Dripping Springs

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

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Based on information submitted to MLS GRID as of 10/16/2026, 12:07:24 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated: 10/16/2026, 12:07:24 AM

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