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Verified property facts
203 Rheingold School Rd is listed at $2,000,000 with 0 bedrooms, 86.00-acre lot.
203 Rheingold School Rd is zoned for Fredericksburg ISD with assigned schools: Fredericksburg (elementary), Fredericksburg (middle), Fredericksburg (Fredericksburg ISD) (high). School assignments should be verified directly with the district.
203 Rheingold School Rd is in Signal Hill, Austin, Texas. See the full [Signal Hill neighborhood guide](/neighborhoods/signal-hill-austin) for market data, schools, and lifestyle details.
203 Rheingold School Rd is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
With 20% down ($400,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 203 Rheingold School Rd is around $14,044 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
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Listing timeline with current price, original ask, and market time.
The property encompasses 86± acres of prime land just outside Fredericksburg in the heart of the Texas Hill Country, offering a rare combination of privacy, natural beauty, and convenience. Located approximately 20 minutes from Fredericksburg Main Street known for its shopping, dining, and wineries the property provides both seclusion and accessibility. The land features a scenic blend of native hardwoods and cedar, supporting abundant wildlife and reflecting the true character of the Hill Country. Rolling terrain and elevated homesites deliver sweeping panoramic views, stunning sunsets, and wide open skies. Multiple potential build sites offer unique vantage points across the acreage. A picturesque creek bed, accented with historic wagon wheel markers, adds charm and a sense of heritage. The property is well-suited for a private ranch, weekend retreat, or full-time residence, with additional potential for recreation, hunting, or future improvements such as roads and fencing. Carved from a larger, generational ranch, this one-owner property presents a rare opportunity to own a significant piece of Hill Country land. An access easement will be provided, allowing flexibility while maintaining privacy and the integrity of the surrounding ranch. With its size, location, and natural beauty, this property offers an exceptional canvas to build, invest, and enjoy one of Texas’ most desirable regions.
Property Type
Farm
Lot Size
86.00 acres
Listed by Reata Ranch Realty, LLC
Property Details
Lot Features
Fencing
Fredericksburg ISD
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% ($400K)
$2,000,000
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List price
$2,000,000
Price per sqft
Not available
Vs. Signal Hill median
+370.6%
$425K median
Days on market
19 days
Original to current
No verified reduction
$2M original
Active inventory context
Ask for current inventory
Price Position in Signal Hill
Listed 371% above the Signal Hill median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 22, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $2,000,000, 203 Rheingold School Rd is in the Signal Hill market where there are currently 49 active listings in 78624. For a detailed market analysis, see our [Signal Hill guide](/neighborhoods/signal-hill-austin).
203 Rheingold School Rd sits on a 86.00-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Signal Hill is one of Austin's established neighborhoods, zoned for Fredericksburg ISD in the 78624 area. The Keenan Group has specialized in Signal Hill real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Neighborhood guide and local insights
Signal Hill is one of the smaller, quieter neighborhoods in southwest Austin's 78748 zip code, the kind of place where neighbors actually wave from their driveways and most homes have been owned by the same families for years. Built primarily across two phases in the 1990s and early 2000s, Signal Hill sits at a price point that has become rare in Austin - a median around $425,000 puts it well below most of the city's established neighborhoods, which makes it one of the more accessible entry points into Austin ISD school zones. Signal Hill sits in southwest Austin near the intersection of Slaughter Lane and Manchaca Road, with quick access to MoPac and I-35 for downtown commutes that run about 20 minutes outside of rush hour. South Austin's commercial corridor along Slaughter Lane handles weekly errands - H-E-B, restaurants, and shopping all within five minutes. The neighborhood backs up to wooded land that gives it a more rural feel than its proximity to major roadways would suggest. The housing stock is straightforward Texas suburban - traditional and ranch-style homes built mostly between 1995 and 2005, with brick and stone facades, two- and three-car garages, and the kind of practical layouts that hold their value because they work for families. Lots range from 0.15 acres in the older sections to about 0.5 acres in the larger phase, with most homes between 1,800 and 3,200 square feet. Pricing typically falls between $375,000 and $525,000, with some larger lots and updated homes pushing higher. Signal Hill is served by Austin ISD. Baranoff Elementary handles the elementary years and has a steady reputation for solid academics and engaged parent involvement. Bailey Middle School serves the middle school years, and most students continue to Akins High School. The schools are close enough that walking and biking are realistic options for elementary kids, which adds to the neighborhood character. The lifestyle here is straightforward suburban with strong access to outdoor space. The Slaughter Creek Trail runs nearby for runners and cyclists. South Austin's restaurant scene along Slaughter and Manchaca handles casual dining and date nights. Onion Creek Metropolitan Park is a short drive south for hiking and disc golf. And the proximity to MoPac means Lady Bird Lake, Zilker, and downtown are all within reach for weekend plans. Signal Hill works for families and first-time buyers who want Austin ISD schools without paying central Austin prices. It is more affordable than Circle C Ranch to the west and has more established trees and lot sizes than the newer Hays CISD developments further south. The tradeoff is that Signal Hill is small - inventory turns over slowly because owners tend to stay - so when something does come on the market, it usually moves fast. For buyers who can be patient and act decisively, this is one of the better-value pockets in southwest Austin.
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