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Welcome to Lonesome Dove Hill Country Ranch, a 38-acre stretch of Texas Hill Country where the skies go on forever, the views are unforgettable, and the land feels like something out of a storybook. Perched above an elevation of 1,400 ft, this property offers multiple build sites, each more stunning than the last. A seasonal creek cuts through the land, forming peaceful grottos and shaded rock ledges that make it feel like your own private park. It’s quiet here, the kind of quiet that lets you hear the wind move through the trees and the wildlife going about its day. With a current wildlife exemption, you get to enjoy the beauty of nature and benefit from low property taxes. Daily sightings of whitetail deer, turkey, and other native game are common here, and if you enjoy hunting, the land offers the privacy and habitat to support it. You can explore the many trails on foot or by UTV, whether hiking to a favorite lookout, watching wildlife, or cruising at sunset. At the heart of the property is the Lonesome Dove cabin, a 1,520 sq ft Hill Country retreat with big porches, warm wood interiors, and thoughtful finishes that echo the spirit of the land. It’s currently a VRBO, and the cabin easily transitions into a private guest house, temporary quarters while you build, or a weekend escape. Two large metal buildings offer incredible flexibility: a 5,000 sq ft structure with six roll-up doors and concrete floors, plus an additional 1,500 sq ft building. Ideal for storing UTVs, ranch equipment, launching a hobby space, or future expansion into guest quarters or a rec barn. And while the land feels remote, you’re just minutes from the town square in Blanco and an easy drive to Dripping Springs, Johnson City, and Canyon Lake. Austin and San Antonio are both within an hour, giving you access to major airports, healthcare, and dining, without sacrificing peace and privacy. This is where you can unplug, spread out, and build something that lasts
Property Type
Residential
Year Built
1997
Lot Size
38.34 acres
$/Sq Ft
$1,316
Garage
20 spaces
Listed by Compass RE Texas, LLC
Verified property facts
281 Kloster LN is listed at $1,999,999 with 3 bedrooms, 2 full, 1 half bathrooms, 1,520 square feet, 38.34-acre lot. This places it above the 78606 median of $1,000,000.
281 Kloster LN is zoned for Blanco ISD with assigned schools: Blanco (elementary), Blanco (middle), Blanco (high). School assignments should be verified directly with the district.
281 Kloster LN is in Signal Hill, Austin, Texas. See the full [Signal Hill neighborhood guide](/neighborhoods/signal-hill-austin) for market data, schools, and lifestyle details.
281 Kloster LN is a Residential built in 1997 featuring 3 bedrooms, 2 full, 1 half bathrooms, 1,520 square feet, 38.34-acre lot.
281 Kloster LN 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
Waterfront
Listing timeline with current price, original ask, and market time.

Blanco ISD
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.
20% ($400K)
$1,999,999
Luxury property intelligence
A sourced read on Signal Hill pricing, timing, and property scale. No automated valuation claim.
List price
$1,999,999
Price per sqft
$1,316/sqft
Vs. Signal Hill median
+370.6%
$425K median
Days on market
116 days
Original to current
No verified reduction
$2M original
Active inventory context
Ask for current inventory
Price Position in Signal Hill
Listed 371% above the Signal Hill median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 1, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
281 Kloster LN is priced at $1,316 per square foot across 1,520 sqft. The Signal Hill median list price is $425,000.
The most recent annual property tax for 281 Kloster LN is $3,574. 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 ($400,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 281 Kloster LN is around $10,675 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,999,999, 281 Kloster LN is in the Signal Hill market where there are currently 42 active listings in 78606. For a detailed market analysis, see our [Signal Hill guide](/neighborhoods/signal-hill-austin).
281 Kloster LN includes verified waterfront access: Dry/Seasonal. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Signal Hill is one of Austin's established neighborhoods, zoned for Blanco ISD in the 78606 area. The Keenan Group has specialized in Signal Hill 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)
1 event on record
Current Price
$1,999,999
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.
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in NA
Neighborhood guide and local insights
Signal Hill is one of the smaller, quieter neighborhoods in southwest Austin's 78748 zip code, the kind of place where neighbors actually wave from their driveways and most homes have been owned by the same families for years. Built primarily across two phases in the 1990s and early 2000s, Signal Hill sits at a price point that has become rare in Austin - a median around $425,000 puts it well below most of the city's established neighborhoods, which makes it one of the more accessible entry points into Austin ISD school zones. Signal Hill sits in southwest Austin near the intersection of Slaughter Lane and Manchaca Road, with quick access to MoPac and I-35 for downtown commutes that run about 20 minutes outside of rush hour. South Austin's commercial corridor along Slaughter Lane handles weekly errands - H-E-B, restaurants, and shopping all within five minutes. The neighborhood backs up to wooded land that gives it a more rural feel than its proximity to major roadways would suggest. The housing stock is straightforward Texas suburban - traditional and ranch-style homes built mostly between 1995 and 2005, with brick and stone facades, two- and three-car garages, and the kind of practical layouts that hold their value because they work for families. Lots range from 0.15 acres in the older sections to about 0.5 acres in the larger phase, with most homes between 1,800 and 3,200 square feet. Pricing typically falls between $375,000 and $525,000, with some larger lots and updated homes pushing higher. Signal Hill is served by Austin ISD. Baranoff Elementary handles the elementary years and has a steady reputation for solid academics and engaged parent involvement. Bailey Middle School serves the middle school years, and most students continue to Akins High School. The schools are close enough that walking and biking are realistic options for elementary kids, which adds to the neighborhood character. The lifestyle here is straightforward suburban with strong access to outdoor space. The Slaughter Creek Trail runs nearby for runners and cyclists. South Austin's restaurant scene along Slaughter and Manchaca handles casual dining and date nights. Onion Creek Metropolitan Park is a short drive south for hiking and disc golf. And the proximity to MoPac means Lady Bird Lake, Zilker, and downtown are all within reach for weekend plans. Signal Hill works for families and first-time buyers who want Austin ISD schools without paying central Austin prices. It is more affordable than Circle C Ranch to the west and has more established trees and lot sizes than the newer Hays CISD developments further south. The tradeoff is that Signal Hill is small - inventory turns over slowly because owners tend to stay - so when something does come on the market, it usually moves fast. For buyers who can be patient and act decisively, this is one of the better-value pockets in southwest Austin.
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