3 bed, 1 bath, 1,444 sqft on 2.74 acres in Dripping Springs. Dripping Springs, TX 78620. $499,000. Dripping Springs ISD.
About This Home
Opportunity meets Texas Hill Country charm on 2.744 fully fenced acres just minutes from downtown Dripping Springs. With no HOA and the flexibility for short-term rental use, this unique property offers an exciting opportunity for investors, weekend-home buyers, or anyone looking for a property that can serve as both a personal Hill Country escape and income-producing rental.
Behind the gated entrance, heritage oak trees, a seasonal creek, small barn, and chicken coop create the kind of authentic Hill Country experience guests come to Dripping Springs to find. There's room to gather around a firepit, enjoy coffee under the trees, watch the stars at night, or simply escape the pace of the city. The acreage also offers plenty of potential to further enhance the guest experience with outdoor gathering spaces, games, gardens, or other amenities.
Inside, the thoughtfully updated home features three bedrooms, a beautifully renovated bath, and an updated kitchen that blends modern convenience with Hill Country character. City water, low tax rates, and no HOA add to the property's appeal.
Location is one of the biggest advantages. Just ten minutes from downtown Dripping Springs and convenient to the Hill Country Galleria, the property puts guests close to the area's popular wedding venues, wineries, breweries, restaurants, shopping, and Hill Country attractions while still giving them the privacy and acreage of a true country getaway.
Whether you're looking for a dedicated short-term rental, a weekend retreat that can generate income when you're away, or a long-term investment as your primary residence in the growing Dripping Springs area, this property offers a combination that's increasingly hard to find: acreage, privacy, character, convenience, and flexibility. All in the heart of the Texas Hill Country.
- Property Type
- Residential
- Year Built
- 1983
- Lot Size
- 2.74 acres
- Price / Sq Ft
- $346
Listing information last updated October 20, 2026.
Listed by Magnolia Realty Austin Hill Co
MLS# 5606263 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Beamed Ceilings
- Ceiling-High
- Double Vanity
- Eat-in Kitchen
- No Interior Steps
- Primary Bedroom on Main
- Soaking Tub
- Stackable W
- D Connections
- Dishwasher
- Microwave
- Gas Oven
- Free-Standing Gas Range
- Stainless Steel Appliance(s)
- Water Heater
- Carpet
- Tile
- Vinyl
- Wood
- Heating
- Central,Hot Water,Propane
- Cooling
- Central Air
Exterior & Lot
- Lighting
- Private Yard
- Frame
- Cement Siding
- Wood Siding
- Back Yard
- Cul-De-Sac
- Front Yard
- Level
- Native Plants
- Private
- Many Trees
- Trees-Medium (20 Ft - 40 Ft)
- Views
- Electric
- Fenced
- Livestock
- Partial
- Pillar
- Post
- Pier
- Covered
- Front Porch
- Patio
- Rear Porch
- Roof
- Composition,Metal
- Lot Size
- 2.74 Acres
- Circular Driveway
- Outside
- RV Access
- Parking
- Storage
- Dry
- Seasonal
Financial
- Original List Price
- $539,000
- Price per Sq Ft
- $346
Utilities
- Electricity Connected
- High Speed Internet
- Phone Available
- Propane
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Septic Tank
Transaction History
2 records on file
Every recorded listing, sale, and lease at 2591 Spring Valley DR, whoever represented it.
- ActiveListed 2026Asking rent: $2,700/moOriginal asking rent: $3,000/moMLS 8305215
- Listed · August 6, 2026$3,000/mo
- Price changed · October 19, 2026$2,700/mo
- ActiveListed 2026Current price: $499,000Original list: $539,000MLS 5606263
- Listed · August 6, 2026$539,000
- Price changed · September 10, 2026$525,000
- Price changed · October 19, 2026$499,000
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
Price Change with current price, original ask, and market time.
- Current list
- $499,000
- Original list
- $539,000
- Price movement
- $40K reduction
- Listed / DOM
- Aug 6, 2026 · 77 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $415,540
- Assessment Year
- 2025
- Year Built
- 1983
- Parcel ID
- 11-8070-0000-147A0-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $415,540 | $236,860 | $178,680 |
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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% ($100K)
Adjustable assumption - not a lending recommendation.
$499,000
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Keenan Market Position
A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.
List price
$499,000
Price per sqft
$346/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
77 days
Original to current
$40K reduction
$539K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 20, 2026.
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