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Keenan Group#1 Austin Board of Realtors Team 2024
31858 RR 12 Unit #Lot 4G1, photo 1 of 11, Dripping Springs, Dripping Springs, TX
Active

$1,125,000

0Beds
5.81 acresLot

31858 RR 12 Unit #Lot 4G1, Dripping Springs, TX 78620

Reduced 6%$1,200,000
Dripping Springs·MLS# 5291268·Built 2027·150 days on market

— bed, — bath on 5.81 acres in Dripping Springs. Dripping Springs, TX 78620. $1,125,000.

About This Home

***Seller Financing Available*** Discover 5.81 acres of commercial land in the rapidly expanding Hays County area, perfectly positioned just outside Dripping Springs ETJ and easy access to Bee Cave and Austin. This rare commercial development opportunity sits directly on the highly trafficked RR12, currently undergoing expansion by TXDOT to accommodate the area's substantial growth. With great visibility for signage and convenient accessibility, this property offers exceptional potential for a wide range of commercial or development ventures. Whether you’re looking to establish a business, invest in a well located land hold, or develop for future opportunities, this strategic location in the Hill Country’s booming growth corridor ensures lasting value. Seize the chance to secure premium real estate in one of Texas's most sought-after regions. Opportunities like this don’t last long – act now to position yourself at the forefront of Hill Country growth! • Outside of the Dripping Springs ETJ • High-traffic location with excellent visibility. • Situated in a rapidly growing area, ideal for businesses. • Flexible light, noise, and height guidelines – negotiable for your vision. • Close proximity to Austin, Dripping Springs, and Bee Cave.

Property Type
Commercial Sale
Year Built
2027
Lot Size
5.81 acres

Listing information last updated November 5, 2026.

Listed by Stanberry REALTORS

MLS# 5291268 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

New construction completed in 2027
Generous 5.81-acre lot
Seize the chance to secure premium real estate in one of Texas's most sought-after regions
• Outside of the Dripping Springs ETJ • High-traffic location with excellent visibility
• Situated in a rapidly growing area, ideal for businesses
• Flexible light, noise, and height guidelines – negotiable for your vision

Facts & Features

Exterior & Lot
Lot Size
5.81 Acres
Financial
Original List Price
$1,200,000
Utilities
  • Electricity Available

Transaction History

1 record on file

Every recorded listing, sale, and lease at 31858 RR 12 Unit #Lot 4G1, whoever represented it.

  1. ActiveListed 2026
    Current price: $1,125,000Original list: $1,200,000MLS 5291268
    1. Listed · June 17, 2026$1,200,000
    2. Price changed · June 29, 2026$1,175,000
    3. Price changed · July 21, 2026$1,150,000
    4. Price changed · August 11, 2026$1,125,000

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
$1,125,000
Original list
$1,200,000
Price movement
$75K reduction
Listed / DOM
Jun 17, 2026 · 150 days
Map showing 31858 RR 12 Unit #Lot 4G1
31858 RR 12 Unit #Lot 4G1
Directions
Principal & interest
$6,054

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% ($225K)

Adjustable assumption - not a lending recommendation.

Home price

$1,125,000

Loan: $900K

Loan details

Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-11-12
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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

$1,125,000

Price per sqft

Not available

Vs. Neighborhood guide reference price

Not available

Days on market

150 days

Original to current

$75K reduction

$1.2M original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Nov 5, 2026.

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Homes sold by Keenan Group.

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Frequently Asked Questions

How much is 31858 RR 12 Unit #Lot 4G1?

31858 RR 12 Unit #Lot 4G1 is listed at $1,125,000 with 0 bedrooms, 5.81-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 13, 2026).

What are the property details for 31858 RR 12 Unit #Lot 4G1?

31858 RR 12 Unit #Lot 4G1 is a Commercial Sale built in 2027 featuring 0 bedrooms, 5.81-acre lot.

How should a buyer estimate the monthly payment for 31858 RR 12 Unit #Lot 4G1?

This page does not assume a mortgage rate or publish a monthly payment for 31858 RR 12 Unit #Lot 4G1. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 31858 RR 12 Unit #Lot 4G1 compare with other homes in Dripping Springs?

As of Nov 5, 2026, 31858 RR 12 Unit #Lot 4G1 is offered at $1,125,000. The current MLS snapshot shows 218 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.

25+ years advising buyers and sellers in this community

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 11/5/2026, 3:57:57 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: 11/5/2026, 3:57:57 PM

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