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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 in Signal Hill, Austin, Texas. See the full [Signal Hill neighborhood guide](/neighborhoods/signal-hill-austin) for market data, schools, and lifestyle details.
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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listed with current price, original ask, and market time.
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
6 spaces
Pool
Yes
Listed by Buono & Associates
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
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 Signal Hill pricing, timing, and property scale. No automated valuation claim.
List price
$5,500,000
Price per sqft
$1,504/sqft
Vs. Signal Hill median
+1194.1%
$425K median
Days on market
47 days
Original to current
No verified reduction
$5.5M original
Active inventory context
Ask for current inventory
Price Position in Signal Hill
Listed 1194% above the Signal Hill median
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 11, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
3340 Martin Rd is priced at $1,504 per square foot across 3,656 sqft. The Signal Hill median list price is $425,000.
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.
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 Signal Hill market where there are currently 261 active listings in 78620. The Keenan Group has completed 11 transactions in 78620 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Signal Hill guide](/neighborhoods/signal-hill-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.
Signal Hill is one of Austin's established neighborhoods, zoned for Dripping Springs ISD in the 78620 area. The Keenan Group has specialized in Signal Hill real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
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.
5 events on record
Current Price
$5,500,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Neighborhood guide and local insights
Signal Hill is one of the smaller, quieter neighborhoods in southwest Austin's 78748 zip code, the kind of place where neighbors actually wave from their driveways and most homes have been owned by the same families for years. Built primarily across two phases in the 1990s and early 2000s, Signal Hill sits at a price point that has become rare in Austin - a median around $425,000 puts it well below most of the city's established neighborhoods, which makes it one of the more accessible entry points into Austin ISD school zones. Signal Hill sits in southwest Austin near the intersection of Slaughter Lane and Manchaca Road, with quick access to MoPac and I-35 for downtown commutes that run about 20 minutes outside of rush hour. South Austin's commercial corridor along Slaughter Lane handles weekly errands - H-E-B, restaurants, and shopping all within five minutes. The neighborhood backs up to wooded land that gives it a more rural feel than its proximity to major roadways would suggest. The housing stock is straightforward Texas suburban - traditional and ranch-style homes built mostly between 1995 and 2005, with brick and stone facades, two- and three-car garages, and the kind of practical layouts that hold their value because they work for families. Lots range from 0.15 acres in the older sections to about 0.5 acres in the larger phase, with most homes between 1,800 and 3,200 square feet. Pricing typically falls between $375,000 and $525,000, with some larger lots and updated homes pushing higher. Signal Hill is served by Austin ISD. Baranoff Elementary handles the elementary years and has a steady reputation for solid academics and engaged parent involvement. Bailey Middle School serves the middle school years, and most students continue to Akins High School. The schools are close enough that walking and biking are realistic options for elementary kids, which adds to the neighborhood character. The lifestyle here is straightforward suburban with strong access to outdoor space. The Slaughter Creek Trail runs nearby for runners and cyclists. South Austin's restaurant scene along Slaughter and Manchaca handles casual dining and date nights. Onion Creek Metropolitan Park is a short drive south for hiking and disc golf. And the proximity to MoPac means Lady Bird Lake, Zilker, and downtown are all within reach for weekend plans. Signal Hill works for families and first-time buyers who want Austin ISD schools without paying central Austin prices. It is more affordable than Circle C Ranch to the west and has more established trees and lot sizes than the newer Hays CISD developments further south. The tradeoff is that Signal Hill is small - inventory turns over slowly because owners tend to stay - so when something does come on the market, it usually moves fast. For buyers who can be patient and act decisively, this is one of the better-value pockets in southwest Austin.
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