
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
Garage
30 spaces
Listed by Sky Realty
Property Details
Flooring
Construction
Parking
Verified property facts
4002 E Highway 290 is listed at $2,250,000 with 0 bedrooms, 1.57-acre lot. This places it above the 78620 median of $867,000.
4002 E Highway 290 is a Commercial Sale built in 1997 featuring 0 bedrooms, 1.57-acre lot.
4002 E Highway 290 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.
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.
With 20% down ($450,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 4002 E Highway 290 is around $13,611 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
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% ($450K)
$2,250,000
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List price
$2,250,000
Price per sqft
Not available
Vs. Sunset Canyon Sec Ii-C median
Not available
Days on market
4 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 Jul 12, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $2,250,000, 4002 E Highway 290 is in the Sunset Canyon Sec Ii-C market where there are currently 246 active listings in 78620. The Keenan Group has completed 11 transactions in 78620 as part of 1,000+ career sales totaling $1B+ across Austin.
4002 E Highway 290 sits on a 1.57-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.
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