
Owner Financing Possible— Unrestricted 42+ Acre Hill Country Masterpiece – Luxury Living Meets Endless Possibilities in Dripping Springs. Nestled in the heart of Texas Hill Country just outside vibrant Dripping Springs (11 Mins to Dripping Springs High School, Dripping Springs Middle School, and Walnut Springs Elementary School), this rare, unrestricted 68-acre estate offers privacy, luxury, and true freedom. Minutes from town’s distilleries, wineries, breweries, and top schools, yet worlds away with easy access to Austin (~30-45 min). The custom modern farmhouse boasts elegant stone and board-and-batten siding, a sleek metal roof, expansive windows, and seamless indoor-outdoor flow under a canopy of mature live oaks. Step outside to the resort-style pool overlooking rolling hills and breathtaking sunsets—perfect for entertaining or serene escapes. Equestrian enthusiasts will appreciate the established horse facilities: a spacious 4 stall barn with covered areas, tack room, Bumk Room w/ full Bathroom, 4.5-acre fenced turn-out pasture, and trailer storage, set amid open pastures ideal for grazing or riding. The standout party barn—with covered porch, 2 large roll-up doors, half-court basketball court and studio apartment—serves as an ideal event space, workshop, guest retreat, or hobby haven. A scenic wet-weather creek threads through the property, enhancing natural beauty and attracting wildlife, while gently rolling terrain, native grasses, and ancient oaks evoke authentic Texas ranch living. With no restrictions, envision your dream: expand the equestrian setup, add structures, start a vineyard, create a family compound, or simply enjoy the freedom of 42+ acres of prime Hill Country land. Stunning views, dramatic sunsets, abundant wildlife, and your private oasis in one of Texas’s most desirable areas. NEW SURVEY PURCHASED BY SELLERS. BUYER RESPONSIBLE FOR ALL DUE DILIGENCE. Also listed under MLS 2335875 for the purchase of the full 68 acres.
Property Type
Residential
Year Built
2020
Lot Size
42.80 acres
$/Sq Ft
$1,504
Garage
3 spaces
Pool
Yes
Listed by Buono & Associates
Verified property facts
3340 Martin Rd is listed at $5,500,000 with 4 bedrooms, 4 full, 1 half bathrooms, 3,656 square feet, 42.80-acre lot. This places it above the 78620 median of $867,000.
3340 Martin Rd 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.
3340 Martin Rd is a Residential built in 2020 featuring 4 bedrooms, 4 full, 1 half bathrooms, 3,656 square feet, 42.80-acre lot.
3340 Martin Rd 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.
The most recent annual property tax for 3340 Martin Rd is $19,145. 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.
#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
Listed 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 | — | $1,266,830 | $2,908,760 | $1,141,510 |

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% ($1.1M)
$5,500,000
Luxury property intelligence
A sourced read on na pricing, timing, and property scale. No automated valuation claim.
List price
$5,500,000
Price per sqft
$1,504/sqft
Vs. na median
Not available
Days on market
130 days
Original to current
No verified reduction
$5.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Aug 2, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($1,100,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 3340 Martin Rd is around $30,134 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $5,500,000, 3340 Martin Rd is in the na market where there are currently 230 active listings in 78620. The Keenan Group has completed 11 transactions in 78620 as part of 1,000+ career sales totaling $1B+ across Austin.
3340 Martin Rd was built in 2020, making it 6 years old with relatively recent construction.
3340 Martin Rd sits on a 42.80-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
3 events on record
Current Price
$5,500,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $1,266,830 |
| $2,908,760 |
| $1,141,510 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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