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Keenan Group#1 Austin Board of Realtors Team 2024
27320 Ranch Road 12, photo 1 of 40, Dripping Springs, Dripping Springs, TX
Active

$2,400,000

0Beds
1.03 acresLot

27320 Ranch Road 12, Dripping Springs, TX 78620

Dripping Springs·MLS# 3175362·Built 2013·1052 days on market

— bed, — bath on 1.03 acres in Dripping Springs. Dripping Springs, TX 78620. $2,400,000.

About This Home

Prime commercial opportunities in the heart of Dripping Springs are becoming increasingly difficult to find. Ideally positioned along Ranch Road 12 adjacent to Home Depot and just moments from the Highway 290 intersection, this highly visible commercial property offers exceptional flexibility for owner-users, investors, and future redevelopment alike. The property benefits from CS zoning, one of the area's most versatile commercial zoning classifications, allowing for a broad range of professional, retail, medical, hospitality, and service-oriented uses. Even more valuable, the City has already approved plans for a new 24-space parking lot, significantly reducing time and expense for a future owner while expanding the property's long-term potential. The existing improvements are well suited for professional offices, medical, financial services, real estate, architecture, engineering, insurance, therapy, technology, and numerous other commercial users. Alternatively, the property's location and zoning make it an outstanding candidate for a boutique coffee shop, wine bar, café, restaurant, retail concept, or other destination business serving the rapidly growing Dripping Springs community. Located in one of the fastest-growing markets in Central Texas, the property provides outstanding access to Austin, Bee Cave, Driftwood, Wimberley, Kyle, and Buda while benefiting from the continued growth of the Highway 290 corridor. Whether you're looking to establish your headquarters, generate investment income, or create one of Dripping Springs' next landmark commercial destinations, opportunities with this combination of location, zoning, approvals, and future potential are exceptionally rare.

Property Type
Commercial Sale
Year Built
2013
Lot Size
1.03 acres

Listing information last updated August 4, 2026.

Listed by Friedman Real Estate, Inc.

MLS# 3175362 • Active

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

Highlights

Generous 1.03-acre lot
Prime commercial opportunities in the heart of Dripping Springs are becoming increasingly difficult to find

Facts & Features

Interior

Flooring

  • Carpet
  • Tile
Heating
Central
Cooling
Central Air
Exterior & Lot

Construction

  • Hardi
  • Plank Type
Lot Size
1.03 Acres

Parking

  • On Site
  • Outside
Financial
Original List Price
$2,375,000
Utilities
  • Electricity Connected
  • High Speed Internet
  • Phone Available
  • Sewer Connected
  • Water Connected
Water Source
Public
Sewer
Septic Tank

Transaction History

1 record on file

Every recorded listing, sale, and lease at 27320 Ranch Road 12, whoever represented it.

  1. ActiveListed 2023
    Current price: $2,400,000Original list: $2,375,000MLS 3175362
    1. Price changed · July 6, 2026$2,400,000

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

Listing timeline with current price, original ask, and market time.

View Timeline
Current list
$2,400,000
Original list
$2,375,000
Price movement
No verified reduction
Listed / DOM
Dec 5, 2023 · 1,052 days

Tax Record

Public record data from county appraisal records. Market value can differ from assessed value.

Assessed Value
$633,460
Assessment Year
2025
Year Built
2003
Parcel ID
10-0415-0153-00000-4
YearTaxesTotal AssessmentLandAdditions
2025
—$633,460$457,170$176,290
Map showing 27320 Ranch Road 12
27320 Ranch Road 12
Directions
Principal & interest
$13,294

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

20% ($480K)

Adjustable assumption - not a lending recommendation.

$2,400,000

Loan: $1.9M
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

$2,400,000

Price per sqft

Not available

Vs. Neighborhood guide reference price

Not available

Days on market

1,052 days

Original to current

No verified reduction

$2.4M 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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Frequently Asked Questions

How much is 27320 Ranch Road 12?

27320 Ranch Road 12 is listed at $2,400,000 with 0 bedrooms, 1.03-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 21, 2026).

What are the property details for 27320 Ranch Road 12?

27320 Ranch Road 12 is a Commercial Sale built in 2013 featuring 0 bedrooms, 1.03-acre lot.

How should a buyer estimate the monthly payment for 27320 Ranch Road 12?

This page does not assume a mortgage rate or publish a monthly payment for 27320 Ranch Road 12. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 27320 Ranch Road 12 compare with other homes in Dripping Springs?

As of Oct 15, 2026, 27320 Ranch Road 12 is offered at $2,400,000. The current MLS snapshot shows 225 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.

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

Unlock MLSMLS GRID

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, 3:07:25 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, 3:07:25 PM

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