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Keenan Group#1 Austin Board of Realtors Team 2024

$5,500,000

4Beds
4.5Baths
3,656Sq Ft
42.80 acresLot

3340 Martin Rd, Dripping Springs, TX 78620

Reduced 9%$6,043,000
Dripping Springs·MLS# 6512380·Built 2020·211 days on market

4 bed, 4 bath, 3,656 sqft on 42.80 acres in Dripping Springs. Dripping Springs, TX 78620. $5,500,000. Dripping Springs ISD.

About This Home

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
Price / Sq Ft
$1,504
Garage
3 spaces
Pool
Yes

Listing information last updated April 13, 2026.

Listed by Buono & Associates

MLS# 6512380 • Active

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

Highlights

Private pool and outdoor entertaining setup
3-car garage with additional parking capacity
Generous 42.80-acre lot
Agricultural
Native Plants
NEW SURVEY PURCHASED BY SELLERS

Facts & Features

Interior
Heating
Central,Fireplace(s)
Cooling
Central Air
Fireplaces
1
Exterior & Lot

Lot Features

  • Agricultural
  • Native Plants

Foundation

  • Slab

Patio / Porch

  • Patio
  • Porch
  • Rear Porch
  • Screened
Roof
Metal
Lot Size
42.80 Acres
Garage Spaces
3
Pool
Yes
Financial
Original List Price
$6,043,000
Price per Sq Ft
$1,504
Utilities
  • High Speed Internet
Sewer
Aerobic Septic

Transaction History

1 record on file

Every recorded listing, sale, and lease at 3340 Martin Rd, whoever represented it.

  1. ActiveListed 2026
    Current price: $5,500,000Original list: $6,043,000MLS 6512380

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
$5,500,000
Original list
$6,043,000
Price movement
$543K reduction
Listed / DOM
Mar 25, 2026 · 211 days

Tax Record

Public record data from county appraisal records. Market value can differ from assessed value.

Assessed Value
$1,390
Assessment Year
2025
Parcel ID
10-0170-0013-00000-4
YearTaxesTotal AssessmentLandAdditions
2025
—$1,390$954,190—

Virtual Tour

Virtual tour of 3340 Martin Rd
Map showing 3340 Martin Rd
3340 Martin Rd
Directions
1 High School1 Middle School1 Elementary School

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% ($1.1M)

Adjustable assumption - not a lending recommendation.

$5,500,000

Loan: $4.4M
Mortgage rate%
Payoff: ~2056
No mortgage rate is assumed
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Keenan Market Position

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

211 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 15, 2026.

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Frequently Asked Questions

How much is 3340 Martin Rd?

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 $600,000 (ZIP 78620 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 21, 2026).

What school district is 3340 Martin Rd in?

3340 Martin Rd is zoned for Dripping Springs ISD with assigned schools: Walnut Springs (elementary), Dripping Springs Middle (middle), Dripping Springs (high). School assignments should be verified directly with the district.

What are the property details for 3340 Martin Rd?

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.

What are the property taxes for 3340 Martin Rd?

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.

How should a buyer estimate the monthly payment for 3340 Martin Rd?

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.

How does 3340 Martin Rd compare with other homes in Dripping Springs?

As of Oct 15, 2026, 3340 Martin Rd is offered at $5,500,000. The current MLS snapshot shows 225 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.

When was 3340 Martin Rd built?

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.

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.

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Last updated: 10/15/2026, 1:07:15 PM

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