
4 bed, 4 bath, 3,656 sqft on 42.80 acres in Dripping Springs. Dripping Springs, TX 78620. $5,500,000. Dripping Springs ISD.
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.
The 42.8-acre property at 3340 Martin Road in Dripping Springs sits in a rare category in the Hill Country: genuinely private land where the nearest neighbor feels appropriately distant. Built in 2020, the main residence spans 3,656 square feet across four bedrooms and 4.5 bathrooms, positioned to maximize views while minimizing visibility from the road. The design reflects contemporary Hill Country aesthetics without the visual loudness that sometimes dominates newer construction here. Stone and board-and-batten siding weather naturally over time, and the metal roof requires minimal maintenance across decades.
The lot structure itself defines the lifestyle. Forty-two acres of unrestricted land means the property operates without HOA restrictions or architectural controls that govern most Dripping Springs developments. The terrain slopes gently through native plantings and mature live oaks that were established decades before construction began. A wet-weather creek runs through the property, supporting the natural ecosystem and providing what locals recognize as genuine Hill Country character rather than landscaped approximation.
The infrastructure here extends beyond typical residential amenities. A four-stall barn with tack room, full bathroom, and 4.5 acres of fenced pasture serves equestrian purposes directly. A separate party barn with roll-up doors, covered porch, and integrated studio apartment functions as event space, guest quarters, or workshop depending on the owner's needs. The pool overlooks the valley with adequate setback to feel private even from aerial perspectives.
Location places the property approximately 11 minutes from Dripping Springs High School, Dripping Springs Middle School, and Walnut Springs Elementary, all within the Dripping Springs ISD. Dripping Springs High School maintains an 8/10 rating on GreatSchools. The town center, with its established dining and wine tasting venues, sits roughly 10 minutes south. Austin's job centers remain accessible within 30-45 minutes depending on destination and traffic flow.
The property's unrestricted status creates flexibility that becomes increasingly valuable as personal circumstances evolve. Owner financing is available, which restructures the acquisition timeline. Buyers without immediate plans for expansion or modification simply inherit a property that requires minimal intervention to maintain its current function. That restraint-oriented approach defines how serious Hill Country buyers evaluate land this size.
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 ZIP 78620 single-family closed-sale median price of $867,000 (ZIP 78620 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 1, 2026).
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 listed by Buono & Associates. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Oct 1, 2026.
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1 record on file
Every recorded listing, sale, and lease at 3340 Martin Rd, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline 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)
Adjustable assumption - not a lending recommendation.
$5,500,000
Luxury property intelligence
A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.
List price
$5,500,000
Price per sqft
$1,504/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
190 days
Original to current
$543K reduction
$6M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 1, 2026.
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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.
This page does not assume a mortgage rate or publish a monthly payment for 3340 Martin Rd. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 1, 2026, 3340 Martin Rd is offered at $5,500,000. The current MLS snapshot shows 223 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.
3340 Martin Rd was built in 2020, making it 6 years old with relatively recent construction.
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.
2 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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