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Keenan Group#1 Austin Board of Realtors Team 2024
Lot 17 Gracewood WAY, photo 1 of 1, Dripping Springs, Dripping Springs, TX
Active

$1,150,000

10.01 acresLot

Lot 17 Gracewood Way, Dripping Springs, TX 78620

Dripping Springs·MLS# 8561112·24 days on market

— bed, — bath on 10.01 acres in Dripping Springs. Dripping Springs, TX 78620. $1,150,000. Dripping Springs ISD.

About This Home

Set at the very back of Maddalena Ranch on a quiet cul-de-sac, Lot 17 is the definition of private. No through traffic, no passing headlights, just the end of the road and ten acres of your own. Mature hardwoods blanket the homesite, delivering the kind of canopy and seclusion that takes generations to grow, while stunning long-range Hill Country views open across the horizon. A natural ravine runs through the property, offering potential for a private pond and the soft sound of water just beyond the back porch.

Maddalena Ranch is a private, high-fenced luxury ranch community set across 233 acres of thoughtfully preserved land, featuring just 23 ten-acre homesites designed around heritage oaks, panoramic views, and roaming Axis deer. Just minutes from Dripping Springs and 30–40 minutes from Austin, Maddalena offers the seclusion of a private ranch with the convenience of city proximity. The land speaks for itself: rolling topography, a seasonal creek with spring-fed grottos, a private fishing lake, mature hardwoods, and a 15-acre shared preserve with trails for hiking and biking. Ag-exempt tax benefits add long-term value to an already compelling investment. Guided by architectural standards that celebrate Hill Country authenticity - native stone, generous overhangs, and homes designed to sit naturally on the land, not compete with it - every homesite is an opportunity to build something truly personal. Homesites are priced from $825,000 to $1,150,000, with finished home values projected in the $3M–$5M+ range. Dripping Springs ISD. Pricing and availability subject to change. Lot details are accurate to the best of our knowledge at time of listing.

Property Type
Land
Lot Size
10.01 acres
HOA
$220/mo

Listing information last updated September 22, 2026.

Listed by Compass RE Texas, LLC

MLS# 8561112 • Active

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

Highlights

Generous 10.01-acre lot
Agricultural
Gentle Sloping
Native Plants
Trees-Large (Over 40 Ft)
Many Trees

Facts & Features

Exterior & Lot

Lot Features

  • Agricultural
  • Gentle Sloping
  • Native Plants
  • Trees-Large (Over 40 Ft)
  • Many Trees
  • Views
Lot Size
10.01 Acres
Financial
HOA Fee
$220 / mo
Original List Price
$1,150,000
Utilities
  • Underground Utilities
Water Source
Private
Sewer
Private Sewer,Septic Needed,Septic Tank

Transaction History

1 record on file

Every recorded listing, sale, and lease at Lot 17 Gracewood WAY, whoever represented it.

  1. ActiveListed 2026
    Current price: $1,150,000Original list: $1,150,000MLS 8561112

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
$1,150,000
Original list
$1,150,000
Price movement
No verified reduction
Listed / DOM
Sep 22, 2026 · 24 days
Map showing Lot 17 Gracewood WAY
Lot 17 Gracewood WAY
Directions
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
$6,370
HOA dues
$220

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

HOA source: MLS Grid / Unlock MLS, as of 2026-10-16T00:07:13.33+00:00; normalized from monthly dues.

20% ($230K)

Adjustable assumption - not a lending recommendation.

$1,150,000

Loan: $920K
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Keenan Market Position

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

List price

$1,150,000

Price per sqft

Not available

Vs. Neighborhood guide reference price

Not available

Days on market

24 days

Original to current

No verified reduction

$1.2M 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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Homes sold by Keenan Group.

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Frequently Asked Questions

How much is Lot 17 Gracewood Way?

Lot 17 Gracewood Way is listed at $1,150,000 with 0 bedrooms, 10.01-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 15, 2026).

What school district is Lot 17 Gracewood Way in?

Lot 17 Gracewood Way is zoned for Dripping Springs ISD with assigned schools: Walnut Springs (elementary), Dripping Springs Middle (middle), Dripping Springs (high). School assignments should be verified directly with the district.

How should a buyer estimate the monthly payment for Lot 17 Gracewood Way?

This page does not assume a mortgage rate or publish a monthly payment for Lot 17 Gracewood Way. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does Lot 17 Gracewood Way compare with other homes in Dripping Springs?

As of Oct 16, 2026, Lot 17 Gracewood Way is offered at $1,150,000. The current MLS snapshot shows 233 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 community structure at Lot 17 Gracewood Way?

The MLS listing reports HOA or association dues of $220 monthly for Lot 17 Gracewood Way. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.

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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Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 10/15/2026, 7:07:13 PM. 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: 10/15/2026, 7:07:13 PM

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