
Set on 2.3 fully fenced and gated acres in the highly sought-after Medlin Creek neighborhood off Fitzhugh Rd, this remodeled Hill Country property offers space, privacy, and a lifestyle close to wineries, breweries, and near one of the Hill Country’s favorite towns, Dripping Springs.
The 3,500 sq ft home features 3 bedrooms, 2.5 bathrooms, and a large converted garage that functions as an expansive bonus or flex space with endless potential for a large primary suite, guest quarters, or additional bedrooms. The main level includes the primary suite, while two additional bedrooms are located upstairs.
Remodeled in 2021, the home exudes rustic charm with thoughtful updates like beamed ceilings and a german schmear fireplace. Interior highlights include wood floors in the main area, shiplap walls, wainscoting in the dining area, and updated lighting fixtures. The kitchen and primary shower have been updated, offering a beautiful, functional layout while maintaining character.
Outdoor living is a standout feature with a large covered back patio, pool and spa, fire pit, outdoor kitchen, a wet weather creek at the back of the lot, and views of oak groves throughout the property. The wraparound front porch, complete with a swing and space for rocking chairs, creates a welcoming place to enjoy the Hill Country setting. The property backs to a larger ranchette, enhancing the sense of privacy and country living while still only minutes from downtown Dripping Springs.
Additional features include a well and 40,000 gallon rainwater collection system, a storage shed, playscape, and a chicken coop.
This is a rare opportunity for acreage living in a prime Dripping Springs location with flexibility, charm, and room to make it your own. Call today!
Property Type
Residential Lease
Year Built
1994
Lot Size
2.30 acres
$/Sq Ft
$2
Garage
3 spaces
Pool
Yes
Listed by Magnolia Realty Austin Hill Co
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
301 Medlin Creek LOOP is listed at $7,500 with 3 bedrooms, 2 full, 1 half bathrooms, 3,500 square feet, 2.30-acre lot.
301 Medlin Creek LOOP is zoned for Dripping Springs ISD with assigned schools: Dripping Springs (elementary), Dripping Springs Middle (middle), Dripping Springs (high). School assignments should be verified directly with the district.
301 Medlin Creek LOOP is a Residential Lease built in 1994 featuring 3 bedrooms, 2 full, 1 half bathrooms, 3,500 square feet, 2.30-acre lot.
301 Medlin Creek LOOP 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.
With 20% down ($1,500) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 301 Medlin Creek LOOP is around $53 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Price Change with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $1,010,229 | $510,660 | $799,070 |

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% ($2K)
$7,500
Luxury property intelligence
A sourced read on Medlin Creek Ph I pricing, timing, and property scale. No automated valuation claim.
List price
$7,500
Price per sqft
$2/sqft
Vs. Medlin Creek Ph I median
Not available
Days on market
87 days
Original to current
$1.3M reduction
$1.4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 22, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $7,500, 301 Medlin Creek LOOP is in the Medlin Creek Ph I market where there are currently 248 active listings in 78620. The Keenan Group has completed 11 transactions in 78620 as part of 1,000+ career sales totaling $1B+ across Austin.
301 Medlin Creek LOOP was built in 1994 (32 years ago). Buyers should budget for potential updates to major systems.
301 Medlin Creek LOOP includes verified waterfront access: See Remarks. 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.
8 events on record
Current Price
$1,150,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $1,010,229 | $510,660 | $799,070 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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