
— bed, — bath on 3.90 acres in Sunset Canyon Sec 1. Dripping Springs, TX 78620. $2,500,000.
Discover an exceptional 3.9-acre commercial opportunity fronting Highway 290 in one of the fastest-growing corridors in all of Texas. Offering flexibility at every turn, this property consists of two legal lots, allowing buyers the option to purchase half or the entire tract depending on their needs. The seller is currently in the process of removing the property from the ETJ, further enhancing future development potential. As it stands, the site is unrestricted with no zoning, creating a rare blank canvas along this high-visibility stretch of 290. Originally designed for retail or automotive use, the property features a TxDOT-approved curb cut, and plans and entitlements can be transferred to the buyer upon closing—saving both time and development costs. Whether you’re looking to build and sell as a package, build and lease out for long-term income, or secure a prime location as an owner-user, this location supports a wide range of commercial strategies. Utilities include water and gas available along Highway 290, with septic needed. The property also backs up to Hidden Hills Drive, offering additional access and layout flexibility. With a prominent, highly visible line of sight, strong traffic counts, and ideal positioning for retail, automotive, convenience store, or flex park development, this tract offers unmatched potential in a booming growth corridor.
Verified property facts
3981 & 3983 E Highway 290 is listed at $2,500,000 with 0 bedrooms, 3.90-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 Sep 25, 2026).
3981 & 3983 E Highway 290 is a Commercial Sale featuring 0 bedrooms, 3.90-acre lot.
3981 & 3983 E Highway 290 is listed by Friedman Real Estate, Inc.. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 26, 2026.
This page does not assume a mortgage rate or publish a monthly payment for 3981 & 3983 E Highway 290. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
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1 record on file
Every recorded listing, sale, and lease at 3981 & 3983 E Highway 290, 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.
District context schools are shown because address-level assigned school fields are not available for this property. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($500K)
Adjustable assumption - not a lending recommendation.
$2,500,000
Luxury property intelligence
A sourced read on Sunset Canyon Sec 1 pricing, timing, and property scale. No automated valuation claim.
List price
$2,500,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
292 days
Original to current
No verified reduction
$2.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Sep 26, 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
As of Sep 26, 2026, 3981 & 3983 E Highway 290 is offered at $2,500,000. The current MLS snapshot shows 233 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.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
| Address | Sold Price |
|---|---|
| 306 Saddlehorn Dr | $1.27M |
| 380 Waters Edge Cv | $2.40M |
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