— bed, — bath on 5.75 acres in Dripping Springs. Dripping Springs, TX 78620. $4,250,000.
About This Home
Skip years of planning and bring your project to market faster. Ranch Road Crossing is one of the few fully entitled commercial development opportunities available in Dripping Springs, offering approximately 5.75 acres with CS zoning, approved city permits, public water and sewer, and plans in place for approximately 50,000 square feet of commercial development. Strategically positioned at the signalized corner of Ranch Road 12 and Founders Park Road, the property enjoys outstanding visibility, accessibility, and exposure in the heart of one of Central Texas' fastest-growing communities. With two approved curb cuts on Ranch Road 12, three existing LUEs, approximately 88 parking spaces planned, and all major utilities available, the most time-consuming stages of development have already been completed. Designed for a wide range of commercial uses including retail, medical, professional office, industrial, flex, restaurants, and mixed-use concepts, the approved plans provide exceptional flexibility while significantly reducing entitlement risk and accelerating development timelines. Located just minutes from Highway 290 and downtown Dripping Springs, Ranch Road Crossing offers developers, investors, and owner-users a rare opportunity to capitalize on one of the Hill Country's strongest commercial markets without the delays typically associated with bringing a project from concept to construction. Development-ready opportunities with this combination of location, zoning, approvals, infrastructure, and visibility are becoming increasingly rare.
At $4.25 million, 27900 Ranch Road 12 puts 5.753 acres at one of Dripping Springs' most visible commercial corners into play with permits already in hand for about 50,000 square feet of development. This Commercial Sale - See Remarks site sits at the intersection of 27900 Ranch Road 12 and Founders Park Road in Dripping Springs, TX 78620, giving it direct exposure in a part of Hays County where entitled commercial land is hard to find.
The current package matters here. City permits are approved, the tract has CS zoning, sewer is available, and the site includes three existing LUEs. That removes much of the uncertainty that usually slows commercial projects in Dripping Springs. The layout is set up for flexibility, with plans supporting four buildings that can fit industrial, flex, retail, medical, or general office use. Two curb cuts on Ranch Road 12 improve access and circulation, and the visibility from both Ranch Road 12 and Founders Park Road gives future tenants or owner-users a strong identity from day one.
For buyers asking what it is like to own and develop 27900 Ranch Road 12, the answer is straightforward: this is a shovel-ready commercial tract in a fast-growing corridor just outside downtown Dripping Springs and with quick access to US Highway 290. That location connects businesses to the daily flow between central Dripping Springs, west Austin commuters, and Hill Country traffic. Downtown Dripping Springs is minutes away for restaurants, services, and local foot traffic, while Highway 290 expands the reach east toward Austin and west through the Hill Country growth corridor.
Several core data points are not listed in the current record. Building square footage for any existing improvements is not provided, so price per square foot cannot be calculated from the listing. Year built is not listed. School district and school information are also not provided, which is typical for a commercial offering where the main value driver is zoning, entitlement status, access, and utility service rather than residential assignment.
What stands out most is timing. The property has been on the market for 436 days, but that can create an opening for buyers who understand how rare entitled commercial land with sewer and major road frontage is in Dripping Springs. For an investor, developer, or business owner looking to control a strategic site on Ranch Road 12, this tract offers a direct path to long-term value in one of the Austin area's most supply-constrained growth markets.
The numbers behind this insight
- Offered at
- $4,250,000
- Listed
- October 28, 2024
- Price changes
- Reduced, down 15% from $5,000,000
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
- Commercial Sale
- Lot Size
- 5.75 acres
Listing information last updated August 6, 2026.
Listed by Friedman Real Estate, Inc.
MLS# 6606441 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Lot Size
- 5.75 Acres
Financial
- Original List Price
- $5,000,000
Utilities
- Electricity Available
- Natural Gas Available
- Sewer Available
- Water Available
- Water Source
- Public
- Sewer
- Public Sewer,See Remarks
Transaction History
1 record on file
Every recorded listing, sale, and lease at 27900 Ranch Road 12, whoever represented it.
- ActiveListed 2024Current price: $4,250,000Original list: $5,000,000MLS 6606441
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
- $4,250,000
- Original list
- $5,000,000
- Price movement
- $750K reduction
- Listed / DOM
- Oct 28, 2024 · 738 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,238,800
- Assessment Year
- 2025
- Parcel ID
- 10-0415-0132-00000-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $1,238,800 | $1,184,840 | $53,960 |
District Schools Nearby
Dripping Springs High School
Sycamore Springs Middle School
Rooster Springs Elementary
Cypress Springs Elementary
Sycamore Springs Elementary
Walnut Springs Elementary
District context schools are shown because address-level assigned school fields are not available for this property. 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% ($850K)
Adjustable assumption - not a lending recommendation.
Home price
$4,250,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.
List price
$4,250,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
738 days
Original to current
$750K reduction
$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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