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Keenan Group#1 Austin Board of Realtors Team 2024
27900 Ranch Road 12, aerial view with 27900 Ranch Road 12 in Dripping Springs, Dripping Springs, Dripping Springs, TX
Active

$4,250,000

0Beds
5.75 acresLot

27900 Ranch Road 12, Dripping Springs, TX 78620

Reduced 15%$5,000,000
Dripping Springs·MLS# 6606441·738 days on market

— 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.

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

Generous 5.75-acre lot
Skip years of planning and bring your project to market faster

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.

  1. ActiveListed 2024
    Current 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.

View Timeline
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
YearTaxesTotal AssessmentLandAdditions
2025
—$1,238,800$1,184,840$53,960
Map showing 27900 Ranch Road 12
27900 Ranch Road 12
Directions
Principal & interest
$23,171

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: $3.4M

Loan details

Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-29
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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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Homes sold by Keenan Group.

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Frequently Asked Questions

How much is 27900 Ranch Road 12?

27900 Ranch Road 12 is listed at $4,250,000 with 0 bedrooms, 5.75-acre lot. This places it above the ZIP 78620 single-family closed-sale median price of $599,875 (ZIP 78620 geography · single-family closed sales · median sale price · trailing 12 months as of Nov 4, 2026).

How should a buyer estimate the monthly payment for 27900 Ranch Road 12?

This page does not assume a mortgage rate or publish a monthly payment for 27900 Ranch Road 12. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 27900 Ranch Road 12 compare with other homes in Dripping Springs?

As of Oct 15, 2026, 27900 Ranch Road 12 is offered at $4,250,000. The current MLS snapshot shows 226 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.

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, 1:07:19 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.

Use or search of this IDX data by anyone other than a consumer looking to purchase real estate is prohibited. Automated collection, scraping, republication, or redistribution of MLS listing data is prohibited.

Keenan Luxury Market Index figures and Keenan Group sales counts are published under CC BY 4.0 and may be reused with attribution to Keenan Group at Compass. Methodology and citation format: thekeenangroup.com/the-source/keenan-luxury-market-index-methodology.

Last updated: 10/15/2026, 1:07:19 PM

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