5 bed, 5 bath, 4,863 sqft on 10.41 acres in Austin. Austin, TX 78737. $1,550,000. Dripping Springs ISD.
About This Home
Escape to the serenity of Texas Hill Country with this rare 10+acre retreat between Austin and Dripping Springs, where privacy, natural beauty, and country living come together. Surrounded by majestic oak trees and sweeping hill country views, the rustic yet whimsical farmhouse offers 4 beds, 4 baths, and multiple living spaces designed for gathering and relaxation. The 2017 addition provides flex space for a 5th bedroom if desired. A large kitchen with ample storage opens seamlessly into the heart of the home, while four expansive decks invite you to enjoy sunrise coffee, evening sunsets, and the peaceful sounds of nature. The grounds are equally impressive featuring a sparkling pool with hot tub and fastlane swimjet, a 30,000 gallon rainwater collection system, and a garage/storehouse, all arranged to support a tranquil country lifestyle. For those dreaming of space to roam, the fully enclosed acreage once supported free-grazing horses and offers endless possibilities for pets, recreation, or future improvements. Per seller, the property may be resubdivided into as many as 4 parcels, offering additional homesite opportunities. Adding even more value is the charming detached guest cabin, complete with private road access and gated parking. This cozy 1-bedroom, 1-bath retreat features a full kitchen, living room, spacious deck for rockers and grill, and a 240V EV charging outlet. Operating in the past as a successful Airbnb with a 4.9-star rating, the cabin provides an exceptional opportunity for multigenerational living, or hosting family and friends. Whether you envision a private homestead, hobby ranch, family compound, or future development opportunity, this one-of-a-kind hill country property offers the space, flexibility, and charm to make it your own. Ony 30 minutes to Austin or the airport, It awaits your buyer's personal design touches. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.
Twelve thousand acres of mature oak trees and uninterrupted Hill Country views define the setting at 12701 High Sierra, a 10-acre retreat positioned between Austin and Dripping Springs in Hays County's Big Country Annex subdivision. The property operates as a genuine private compound rather than a single residence, offering the kind of seclusion Austin's most accomplished buyers actively seek but rarely find this close to the city.
The main house spans 4,863 square feet across five bedrooms and five full bathrooms, with a 2017 addition that expanded the home's footprint without compromising its original character. The layout prioritizes separation of spaces: a primary suite on the main floor, a dedicated study, and multiple living areas allow household members to pursue independent activities while the main kitchen and gathering spaces remain the connective hub. Stone and frame construction with deep overhangs and multiple decks blur the boundary between interior and exterior living. The kitchen includes a built-in cooktop and oven with views across the property, while the screened rear porch and covered deck systems provide tiered outdoor access for morning coffee or evening meals without direct weather exposure.
Infrastructure reveals the property's utility beyond residential living. A 30,000-gallon rainwater collection system manages water independence. An electric vehicle charging station indicates practical forethought. The pool and spa complex occupies the rear grounds, positioned to maximize privacy and separation from the main structure's activity zones. A detached guest cabin with private road access, full kitchen, and its own EV charging capability operated successfully as an Airbnb with a 4.9-star rating, generating documented revenue for years.
Dripping Springs Independent School District serves the property, with Dripping Springs Elementary, Middle, and High School handling educational needs for families with children. The location sits roughly 30 minutes from downtown Austin and the airport via FM 1431 and US 290 corridors, making it genuinely rural without requiring a daily distance penalty for those working in central Austin.
At $369 per square foot and 14 days on market, this represents priced-to-sell inventory for a property with subdivision potential and multigenerational compound capability. The combination of land mass, mature tree coverage, water independence, and documented rental income distinguishes it from typical residential stock in the Austin market.
The numbers behind this insight
- Offered at
- $1,550,000
- Listed
- May 15, 2026
- Price changes
- 2, down 13.6% from $1,795,000
- Asking price per sq ft
- $319
- Property Type
- Residential
- Year Built
- 1984
- Lot Size
- 10.41 acres
- Price / Sq Ft
- $319
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated September 9, 2026.
Listed by Moreland Properties
MLS# 5810790 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Two Primary Suties
- Ceiling Fan(s)
- Ceiling-High
- Double Vanity
- Kitchen Island
- Multiple Living Areas
- Primary Bedroom on Main
- Study
- Home Office
- Walk-In Closet(s)
- Built-In Oven(s)
- Cooktop
- Dishwasher
- Microwave
- Vented Exhaust Fan
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air,Multi Units,Zoned
- Fireplaces
- 1
Exterior & Lot
- Balcony
- Electric Car Plug-in
- Exterior Steps
- Private Entrance
- Private Yard
- Frame
- Stone
- Back Yard
- Front Yard
- Gentle Sloping
- Private
- Split Possible
- Trees-Heavy
- Trees-Large (Over 40 Ft)
- Trees-Medium (20 Ft - 40 Ft)
- Views
- Gate
- Livestock
- Perimeter
- Slab
- Covered
- Deck
- Patio
- Rear Porch
- Screened
- Roof
- Metal
- Lot Size
- 10.41 Acres
- Detached
- Electric Vehicle Charging Station(s)
- Gravel
- Garage Spaces
- 2
- Pool
- Yes
Financial
- Original List Price
- $1,795,000
- Price per Sq Ft
- $319
Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
- Water Source
- See Remarks,Well
- Sewer
- Septic Tank
Transaction History
2 records on file
Every recorded listing, sale, and lease at 12701 High Sierra, whoever represented it.
- ActiveListed 2026Current price: $1,550,000Original list: $1,795,000MLS 5810790
- Listed · May 15, 2026$1,795,000
- Price changed · July 20, 2026$1,675,000
- Price changed · September 9, 2026$1,550,000
- SoldApril 15, 2009Listed at: $350,000MLS 5507946
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Explore this area
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $1,550,000
- Original list
- $1,795,000
- Price movement
- $245K reduction
- Listed / DOM
- May 15, 2026 · 155 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,004,345
- Assessment Year
- 2025
- Year Built
- 1984
- Parcel ID
- 11-0470-0600-00000-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $1,004,345 | $1,243,190 | $650,459 |
Zoned Schools & District Context
Dripping Springs
Dripping Springs Middle
Rooster Springs Elementary
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($310K)
Adjustable assumption - not a lending recommendation.
$1,550,000
Luxury property intelligence
Keenan Market Position
A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.
List price
$1,550,000
Price per sqft
$319/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
155 days
Original to current
$245K reduction
$1.8M 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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