4016 McGregor LN, Dripping Springs, TX 78620

A rare Hill Country offering with unmatched potential. A complete beautiful remodeled farmhouse on a 4.83 Acre tract with 3 additional 5 acre tracts making this—perfectly suited for builders, developers, or for those seeking a private 19.83 acre estate of pristine land, offering a compelling opportunity to build multiple custom/spec homes or create a thoughtfully designed private compound. Perimeter fenced and pond/stock tank to boot. With one fully renovated residence already in place, the groundwork has been laid for both immediate use and future expansion. The existing home has been meticulously transformed from top to bottom, blending modern updates with the natural beauty that surrounds it. Featuring updated plumbing, electrical, water well, and major systems, along with a septic system, the home offers peace of mind alongside elevated design. Inside, the multi-level layout creates a distinctive and flexible living experience. A fully redesigned kitchen showcases new cabinetry, stainless steel appliances, and contemporary finishes, while the bathrooms have been completely reimagined with clean, modern design. The main living area is anchored by a dramatic picture window framing mature oak trees, paired with a wood-burning stove that adds warmth and character. A private deck extends the living space outdoors, creating a seamless connection to the surrounding landscape. Additional bedrooms and a versatile loft provide flexibility for a variety of uses, while a rare basement level with laundry adds functionality not often found in Central Texas homes. Beyond the home, the true value lies in the land. With four legal tracts, this property offers incredible flexibility—ideal for a builder looking to develop custom homes, a buyer seeking a multi-generational compound, or someone wanting to secure a large, private Hill Country estate. This estate is a jewel and only 15 minutes from Dripping Springs. Owner Financing is welcome...

The ornate iron gates at the entrance to 4016 McGregor Lane in Dripping Springs announce what lies beyond: a meticulously maintained 19.83-acre private estate in the Dripping Springs subdivision of Hays County. The gated perimeter encloses what amounts to a curated Hill Country landscape, with mature oak trees dotting the property and native plantings creating natural screening from neighboring land. The long driveway unfolds through this tamed acreage, revealing the deliberate hand of ownership that has transformed raw Hill Country terrain into an organized, livable compound.

The grounds themselves tell the story of thoughtful stewardship. Four distinct legal tracts comprise the full parcel, with one fully developed and three remaining vacant, creating genuine flexibility for an owner seeking either a private family estate or future development potential. Perimeter fencing secures the entire property, while a pond and stock tank provide water features and functionality. Native trees and medium-canopy vegetation (20 to 40 feet tall) frame sightlines across level terrain, creating pockets of privacy without the wild, unmaintained feel of undeveloped land.

The main residence occupies roughly 1,720 square feet across three bedrooms and two full baths, built in 1983 but comprehensively updated. The home features a renovated kitchen with stainless steel appliances, quartz counters, and modern cabinetry. Large picture windows frame those mature oaks, while a wood-burning stove anchors the main living area with vaulted ceilings and open floor planning. A rare basement-level laundry room adds functionality uncommon in Central Texas. Two primary suites provide flexibility for multi-generational living or guest quarters, with walk-in closets and ensuite baths.

At $1.85M, or $1,076 per square foot, the valuation reflects land value substantially more than the residence. The property sits within the Dripping Springs Independent School District, served by Walnut Springs Elementary, Dripping Springs Middle School, and Dripping Springs High School. Modern systems throughout-including a tankless water heater, water softener, updated electrical and plumbing, private well, and septic system-ensure long-term self-sufficiency.

The location sits approximately 15 minutes from downtown Dripping Springs and maintains direct access to McGregor Lane via public maintained road. Outdoor living spans multiple levels: front porch, wrap-around configuration, multiple rear porches, deck, and patio space creating distinct zones for entertaining or daily use. The dog run accommodates pets while maintaining landscape integrity.

This property functions equally well as an immediately livable country estate or as a platform for builders and developers seeking to create multiple custom residences on properly subdivided tracts. The foundation is already established.