— bed, — bath on 22.01 acres in Austin. Austin, TX 78736. $3,500,000. Dripping Springs ISD.
About This Home
*Owner financing available. Ask for details.* This property has brought decades of success to a first-class horse business and is now ready to bring your development to life. Fitzhugh Road is quickly becoming one of the most famous roads in both Austin and Dripping Springs. With such exponential growth in the area, the Fitzhugh Corridor is hungry for restaurants, breweries, distilleries, wedding/event venues, music venues, short term rentals, commercial warehouses, flex parks, etc. With no HOA and limited restrictions, the sky is truly the limit with this 22+ acre tract! Property is also fully equipped to continue operating as a horse business with a single-family home, detached two car garage, guest house, large horse barn that’s been expanded to includes nine stalls, a large metal shop area, two 12x12’ tack rooms, a 12x12’ insulated air conditioned feed room, hay room, wash-rack, outdoor arena, nine cross-fenced pastures, and four run-in horse sheds. Property is currently ag exempt and can be subdivided into 2+ acre tracts. Austin address in Hays County, and it’s outside both Austin and Dripping Springs ETJs. It lends easy access to not only SW & Central Austin, but also Bee Caves, Lakeway, Dripping Springs, Wimberley, and the Hill Country. Ask for additional details.
15000 Fitzhugh Rd gives you 22.01 ag-exempt acres in the Austin along the Fitzhugh Corridor, with no HOA, limited restrictions, and the option to subdivide into 2-plus-acre tracts. At $3.90 million, that pencils to about $177,000 per acre and roughly $4.07 per land square foot, which matters for buyers weighing land in Austin, TX 78736 against other Hays County opportunities.
This is being marketed as Land - Unimproved Land, but the real story is flexibility. The site has a long track record as a horse property, and the existing setup supports that use today while also giving a buyer real optionality for what comes next. The current improvements tied to the horse operation include a barn with nine stalls, tack rooms, feed storage, a wash rack, an outdoor arena, cross-fenced pastures, and run-in sheds, along with residential and shop support structures. For a user, investor, or operator, that means the property can serve as a going concern, a phased redevelopment play, or a land hold in a part of western Austin that keeps attracting new demand.
Geography is the value driver here. Fitzhugh Road has become one of the Hill Country’s strongest lifestyle and commercial corridors, and 15000 Fitzhugh Rd sits in the middle of that movement. Jester King Brewery at 13187 Fitzhugh Rd and Treaty Oak Distilling at 16604 Fitzhugh Rd are nearby anchors that give this stretch recognizable traffic and destination appeal. Access to US 290 is straightforward, and from this part of Fitzhugh Road you are generally about 15 minutes from Dripping Springs, about 20 minutes from Oak Hill, and about 25 minutes from Hill Country Galleria, traffic depending. That puts Bee Cave, Lakeway, Wimberley, Southwest Austin, and Central Austin within practical reach for customers, guests, tenants, or future residents.
The record does not publish bedroom count, bathroom count, interior square footage, school assignments, school ratings, or a year built, so buyers should evaluate the site as a land and use-case decision first. The long 1038-day market time also tells you this is not a commodity tract. It is a specialized offering with scale, visibility, and multiple paths forward, especially given its position outside both the Austin and Dripping Springs ETJs. For the buyer who understands where Fitzhugh is headed, this Austin address offers room to build a business, hold strategic land, or shape a Hill Country destination with long-term upside.
The numbers behind this insight
- Offered at
- $3,500,000
- Listed
- April 5, 2023
- Price changes
- Reduced, down 22.2% from $4,500,000
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $732 per sq ft over the trailing 12 months (178 sales), as of November 4, 2026.
- Property Type
- Land
- Lot Size
- 22.01 acres
Listing information last updated July 6, 2026.
Listed by Friedman Real Estate, Inc.
MLS# 1835921 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Public Maintained Road
- Rolling Slope
- Trees-Large (Over 40 Ft)
- Many Trees
- Trees-Medium (20 Ft - 40 Ft)
- Lot Size
- 22.01 Acres
Financial
- Original List Price
- $4,500,000
Utilities
- Electricity Connected
- Phone Connected
- Sewer Connected
- Water Connected
- Water Source
- Well
- Sewer
- Septic Tank
Transaction History
9 records on file
Every recorded listing, sale, and lease at 15000 Fitzhugh Rd, whoever represented it.
- ActiveListed 2026Asking rent: $6,500/moOriginal asking rent: $6,500/moMLS 4774079
- Listed · August 13, 2026$6,500/mo
- ActiveListed 2026Asking rent: $6,500/moOriginal asking rent: $6,500/moMLS 2013893
- Listed · August 13, 2026$6,500/mo
- ActiveListed 2023Current price: $3,500,000Original list: $4,500,000MLS 2548897
- Price changed · February 6, 2026$3,900,000
- Price changed · July 6, 2026$3,500,000
- ActiveListed 2023Current price: $3,500,000Original list: $4,500,000MLS 1835921
- Price changed · February 6, 2026$3,900,000
- Price changed · July 6, 2026$3,500,000
- WithdrawnListed 2022Current price: $4,200,000Original list: $4,200,000MLS 8707056
- WithdrawnListed 2022Current price: $4,200,000Original list: $4,200,000MLS 3773826
- WithdrawnListed 2022Current price: $4,200,000Original list: $4,200,000MLS 3719208
- WithdrawnListed date not recordedCurrent price: $849,000Original list: $849,000MLS 7904866
- SoldMarch 6, 1998Listed at: $314,900MLS 442944
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.
- Current list
- $3,500,000
- Original list
- $4,500,000
- Price movement
- $1M reduction
- Listed / DOM
- Apr 5, 2023 · 1,309 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $567,890
- Assessment Year
- 2025
- Year Built
- 1980
- Parcel ID
- 10-0070-0039-00000-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $567,890 | $150,060 | $417,830 |
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.
Illustrative down payment
20% ($700K)
Adjustable assumption - not a lending recommendation.
Home price
$3,500,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.
List price
$3,500,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
1,309 days
Original to current
$1M reduction
$4.5M 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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