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Discover 20+ unrestricted acres in the heart of the Texas Hill Country in Dripping Springs, where wide-open spaces, BIG Texas skies, and peaceful privacy define everyday living. With no HOA, no restrictions, a low tax rate, and a valuable Wildlife tax exemption, this property offers rare freedom and flexibility just minutes from town. Listen to the wind in the trees and birdsong in the distance. At night, the dark skies put on a breathtaking display of stars. Whether you're seeking a serene full-time residence, a weekend retreat, or multi-generational living, this property delivers. The Home-Well maintained and thoughtfully positioned to overlook stunning meadows, majestic oaks and elms, seasonal wildflowers, a seasonal creek, and sweeping Hill Country vistas, this custom 1-story home, 3/2 w/ 2 car garage blends comfort and function beautifully. Featuring an expansive living room with wood-burning fireplace; spacious chef’s kitchen featuring, granite countertops, stainless steel appliances and an oversized island/breakfast bar — ideal for entertaining. 30,000-gallon rainwater collection system providing exceptionally clear, soft water; Solar panels with two Tesla Powerwall's; Brand new 2025 HVAC system. Ranch & Recreational Amenities include 40' x 60' air-conditioned shop w/ climate controlled room with 6” concrete walls and ceiling; 2-stall horse barn w/tack room; 60' round pen; 140' x 240' horse arena; Chicken coop; Private shooting range and trails. The land is sub-dividable, offering flexibility for a second home, guest home, or investment potential.
Property Type
Residential
Year Built
2008
Lot Size
20.30 acres
$/Sq Ft
$802
Garage
10 spaces
Listed by Keller Williams Wimberley
Verified property facts
3501 Pursley Rd is listed at $1,747,000 with 3 bedrooms, 2 full bathrooms, 2,178 square feet, 20.30-acre lot. This places it above the 78620 median of $867,000.
3501 Pursley 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.
3501 Pursley Rd is in Downtown Austin, Austin, Texas. See the full [Downtown Austin neighborhood guide](/neighborhoods/downtown-austin) for market data, schools, and lifestyle details.
3501 Pursley Rd is a Residential built in 2008 featuring 3 bedrooms, 2 full bathrooms, 2,178 square feet, 20.30-acre lot.
3501 Pursley 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
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Price Change with current price, original ask, and market time.

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% ($349K)
$1,747,000
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$1,747,000
Price per sqft
$802/sqft
Vs. Downtown Austin median
+99.7%
$875K median
Days on market
81 days
Original to current
$50K reduction
$1.8M original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 100% above the Downtown Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 31, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
3501 Pursley Rd is priced at $802 per square foot across 2,178 sqft. The Downtown Austin median list price is $875,000.
The most recent annual property tax for 3501 Pursley Rd is $5,167. 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 ($349,400) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 3501 Pursley Rd is around $9,495 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,747,000, 3501 Pursley Rd is in the Downtown Austin market where there are currently 234 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 [Downtown Austin guide](/neighborhoods/downtown-austin).
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Downtown Austin is one of Austin's established neighborhoods, zoned for Dripping Springs ISD in the 78620 area. The Keenan Group has specialized in Downtown Austin 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.
Neighborhood guide and local insights
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts. The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake. The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views. Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance. Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
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Current Price
$1,747,000
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.
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