
1 bed, 1 bath on 8.62 acres in Dripping Springs. Dripping Springs, TX 78620. $700,000. Dripping Springs ISD.
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.
Verified property facts
121 Spring CV is listed at $700,000 with 1 bedrooms, 1 full bathrooms, 8.62-acre lot.
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.
121 Spring CV is a Residential featuring 1 bedrooms, 1 full bathrooms, 8.62-acre lot.
121 Spring CV is listed by Coffman Real Estate. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Oct 2, 2026.
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.
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1 record on file
Every recorded listing, sale, and lease at 121 Spring CV, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $492,834 | $434,694 | $58,140 |

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. Ratings from GreatSchools.org.
20% ($140K)
Adjustable assumption - not a lending recommendation.
$700,000
Luxury property intelligence
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
100 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 2, 2026.
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Pricing, prep, launch timing, and Compass marketing strategy
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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.
As of Oct 2, 2026, 121 Spring CV is offered at $700,000. The current MLS snapshot shows 223 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.
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.
1 event on record
Current Price
$700,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $492,834 | $434,694 | $58,140 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
| Address | Offered At |
|---|---|
| 145 Beach Mountain RD | $360K |
| 158 Carentan Cv | $820K |
| 108 Francesco | $439K |
| 32635 Ranch Road 12 Rnch | $940K |
| 200 Twidwell Dr | $535K |
| 500 Hazy Hills Loop | $797K |
| 120 Nodena Dr | $600K |
| 1330 Deer Creek Cir | $520K |
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