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Motivated seller! Will consider any reasonable offers. If buyers use our preferred lender, Cross Country Mortgage LLC, Team Workman. They will offer up to $8,500.00 in closing cost help. Experience a rare opportunity to own a private 5.01-acre compound in Dripping Springs, tucked within a quiet neighborhood with direct access to Hwy 290 and just minutes from downtown. Designed for multigenerational living, home-based business, or both, this unique estate blends space, flexibility, and Hill Country charm. The main residence offers approximately 4,558 sq ft, with 5 bedrooms, 4.5 baths, an office, playroom, an expansive living/dining/kitchen area, a large walk-in pantry, Cyrus Akadia luxury vinyl plank, and a massive covered porch and patio with a luxury fireplace, island, and outdoor sink ideal for entertaining. Built in 1998 with significant additions in 2014 and 2020, each bedroom features an ensuite, and the primary suite showcases a spacious walk-in shower with dual heads as well as separate his/her vanities. Two laundry rooms in the main house and another in the guest house add convenience. The compound also includes a 1,028 sq ft guest house with 2 bedrooms, 1 bath, laundry, and a full kitchen, and a living room; a 2,865 sq ft office/warehouse with bath, four offices, and flexible meeting or storage areas that could convert to additional living space; multiple storage buildings; a pump house; and an open field once used as a baseball area and a nearly 2,000 sqft pad with water/sewer. Total usable living or office space exceeds 9,400 sq ft across the property. Water infrastructure is exceptional with a long-serving well, nearly 30,000-gallon rainwater collection system, and an existing pipeline in place for future city water connection. Lines from the pump house serve all buildings. Additional highlights include a covered outdoor wet bar and fireplace, a podcast/office space, a well and septic systems, and ample room for recreation, gatherings, or business use.
Property Type
Residential
Year Built
1998
Lot Size
5.01 acres
$/Sq Ft
$183
Garage
4 spaces
Listed by Keller Williams Realty
Verified property facts
2795 W Highway 290 is listed at $1,545,000 with 7 bedrooms, 5 full, 1 half bathrooms, 8,451 square feet, 5.01-acre lot. This places it above the 78620 median of $867,000.
2795 W Highway 290 is zoned for Dripping Springs ISD with assigned schools: Walnut Springs (7/10) (elementary), Dripping Springs Middle (middle), Dripping Springs (8/10) (high). School assignments should be verified directly with the district.
2795 W Highway 290 is in Downtown Austin, Austin, Texas. See the full [Downtown Austin neighborhood guide](/neighborhoods/downtown-austin) for market data, schools, and lifestyle details.
2795 W Highway 290 is a Residential built in 1998 featuring 7 bedrooms, 5 full, 1 half bathrooms, 8,451 square feet, 5.01-acre lot.
2795 W Highway 290 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Listing timeline with current price, original ask, and market time.
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% ($309K)
$1,545,000
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$1,545,000
Price per sqft
$183/sqft
Vs. Downtown Austin median
+76.6%
$875K median
Days on market
55 days
Original to current
$50K reduction
$1.6M original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 77% above the Downtown Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 31, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
2795 W Highway 290 is priced at $183 per square foot across 8,451 sqft. The Downtown Austin median list price is $875,000.
The most recent annual property tax for 2795 W Highway 290 is $12,649. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($309,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 2795 W Highway 290 is around $9,071 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,545,000, 2795 W Highway 290 is in the Downtown Austin market where there are currently 236 active listings in 78620. The Keenan Group has completed 11 transactions in 78620 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Downtown Austin guide](/neighborhoods/downtown-austin).
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Downtown Austin is one of Austin's established neighborhoods, zoned for Dripping Springs ISD in the 78620 area. The Keenan Group has specialized in Downtown Austin 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)
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in N/A
Neighborhood guide and local insights
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts. The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake. The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views. Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance. Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
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Current Price
$1,595,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Active listings near 2795 W Highway 290
Recent sales for market context