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Keenan Group#1 Austin Board of Realtors Team 2024

$2,250,000

0Beds
1.57 acresLot

4002 E Highway 290, Dripping Springs, TX 78620

Dripping Springs·MLS# 1283347·Built 1997·106 days on market

— bed, — bath on 1.57 acres in Dripping Springs. Dripping Springs, TX 78620. $2,250,000.

About This Home

An exceptional opportunity to acquire one of the Texas Hill Country’s most distinctive commercial properties along the highly desirable Highway 290 corridor in Dripping Springs. Situated on approximately 1.573 acres with outstanding highway visibility and approximately 35,703 vehicles passing daily (2024 TxDOT AADT), this remarkable property offers exceptional exposure, timeless character, and incredible flexibility in one of Central Texas’ fastest-growing commercial markets. Originally handcrafted in 1997 using environmentally conscious building practices, the approximately 5,000-square-foot building features a durable metal frame and roof, straw bale and stucco construction for natural insulation, concrete floors, and a 40,000-gallon rainwater collection system. Towering oak and juniper trees create an inviting outdoor setting ideal for patios, food trucks, outdoor dining, special events, community gatherings, or future expansion. Located in the Dripping Springs ETJ with West Travis water available at the site, Aquadrip septic, propane, Pedernales Electric, and approximately 28–30 on-site parking spaces, this property is well suited for a wide variety of commercial uses. Ideal for a restaurant, brewery, winery or tasting room, coffee house, food truck venue, event center, wellness or medical practice, professional offices, coworking space, boutique retail, art gallery, educational facility, nonprofit headquarters, or a one-of-a-kind destination business. Positioned near Belterra Village, H-E-B, Home Depot, established neighborhoods, and where the future Target store is currently under development, this property is exceptionally positioned to benefit from continued commercial investment and population growth along the Highway 290 corridor. Whether you’re an investor, owner-user, or visionary entrepreneur, this is a rare opportunity to establish a landmark destination in one of the Texas Hill Country’s most dynamic and rapidly expanding commercial corridors.

Property Type
Commercial Sale
Year Built
1997
Lot Size
1.57 acres

Listing information last updated July 9, 2026.

Listed by Sky Realty

MLS# 1283347 • Active

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

Highlights

Generous 1.57-acre lot

Facts & Features

Interior

Flooring

  • Concrete
Heating
Central,Hot Water
Cooling
Central Air
Exterior & Lot

Construction

  • Concrete
  • Recycled
  • Bio-Based Insulation
  • Natural Building
  • Plaster
  • Straw
  • Stucco
Lot Size
1.57 Acres

Parking

  • Gravel
  • On Site
  • Parking Lot
  • Private
Financial
Original List Price
$2,250,000
Utilities
  • Above Ground
  • Cable Connected
  • Electricity Connected
  • High Speed Internet
  • Phone Connected
  • Water Connected
Water Source
MUD
Sewer
Septic Tank

Transaction History

1 record on file

Every recorded listing, sale, and lease at 4002 E Highway 290, whoever represented it.

  1. ActiveListed 2026
    Current price: $2,250,000Original list: $2,250,000MLS 1283347
    1. Listed · July 8, 2026$2,250,000

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
$2,250,000
Original list
$2,250,000
Price movement
No verified reduction
Listed / DOM
Jul 8, 2026 · 106 days

Tax Record

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

Assessed Value
$1,420,594
Assessment Year
2025
Year Built
1996
Parcel ID
11-8510-0000-00200-4
YearTaxesTotal AssessmentLandAdditions
2025
—$1,420,594$1,242,110$178,484

Virtual Tour

Virtual tour of 4002 E Highway 290
Map showing 4002 E Highway 290
4002 E Highway 290
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Principal & interest
$12,463

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

20% ($450K)

Adjustable assumption - not a lending recommendation.

$2,250,000

Loan: $1.8M
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Keenan Market Position

A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.

List price

$2,250,000

Price per sqft

Not available

Vs. Neighborhood guide reference price

Not available

Days on market

106 days

Original to current

No verified reduction

$2.3M 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 4002 E Highway 290?

4002 E Highway 290 is listed at $2,250,000 with 0 bedrooms, 1.57-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 are the property details for 4002 E Highway 290?

4002 E Highway 290 is a Commercial Sale built in 1997 featuring 0 bedrooms, 1.57-acre lot.

What are the property taxes for 4002 E Highway 290?

The most recent annual property tax for 4002 E Highway 290 is $23,232. 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 4002 E Highway 290?

This page does not assume a mortgage rate or publish a monthly payment for 4002 E Highway 290. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 4002 E Highway 290 compare with other homes in Dripping Springs?

As of Oct 15, 2026, 4002 E Highway 290 is offered at $2,250,000. 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.

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.

25+ years advising buyers and sellers in this community

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Based on information submitted to MLS GRID as of 10/15/2026, 3:07:31 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated: 10/15/2026, 3:07:31 PM

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