3 bed, 2 bath, 1,720 sqft on 9.83 acres in Dripping Springs. Dripping Springs, TX 78620. $895,000. Dripping Springs ISD.
About This Home
The purchase of Lots 1 & 2 includes the exclusive opportunity to acquire two additional adjoining 5-acre tracts (Lots 3 & 4), each offered separately at $397,500. A rare Hill Country offering with unmatched potential. A complete beautiful remodeled farmhouse on a 4.83 Acre tract with 1 additional 5 acre tract making this—perfectly suited for builders, developers, or for those seeking a private 9.83 acre estate of pristine land with numerous gorgeous oak trees, offering a compelling opportunity to build 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. Bring your horses and livestock. Owner Financing is welcome...
This 9.83-acre Hill Country estate in Dripping Springs sits ready to move into immediately, with a completely remodeled 1,720-square-foot farmhouse that needs nothing from you except furniture. The property at 4016 McGregor Ln consists of Lots 1 and 2 and includes two additional adjoining 5-acre tracts available separately, making this a rare assembled parcel for anyone considering development, livestock operations, or simply wanting space in Dripping Springs ISD territory.
The home itself underwent a complete renovation that touched every system. Updated electrical, plumbing, water well infrastructure, and septic systems mean the mechanical foundation is new. The kitchen features custom cabinetry, stainless steel appliances including a tankless water heater and water softener, quartz counters, and an electric cooktop. Both full bathrooms were redesigned with contemporary finishes. A dramatic picture window in the main living area frames mature oak trees, with a wood-burning stove anchoring the space. The floor plan spans multiple levels with an open layout, vaulted ceilings, primary bedroom on the main floor with walk-in closet, and a second primary suite. A rare basement-level laundry area adds functionality uncommon in Central Texas homes.
The land sets this property apart. Nine acres of native oaks, medium-sized trees, and level terrain sit on a private, fenced perimeter with a pond and stock tank already installed. A dog run and kennel are in place for livestock or pets. Multiple porches and decks wrap the home, with a covered patio creating genuine outdoor living space. The home sits on a public maintained road in Dripping Springs with direct Dripping Springs ISD access. Walnut Springs Elementary, Dripping Springs Middle School, and Dripping Springs High School serve the area. At $567 per square foot, this turn-key offering delivers acreage and seclusion while maintaining proximity to Hill Country amenities along Highway 290 and Dripping Springs.
This property suits families wanting immediate occupancy on substantial land, builders evaluating the two additional 5-acre tracts for development potential, or anyone seeking a private estate with operational infrastructure already established. Nothing needs fixing. You move in and start living.
The numbers behind this insight
- Offered at
- $895,000
- Listed
- June 5, 2026
- Price changes
- 1, down 8.2% from $975,000
- Asking price per sq ft
- $520
- Property Type
- Residential
- Year Built
- 1983
- Lot Size
- 9.83 acres
- Price / Sq Ft
- $520
Listing information last updated September 24, 2026.
Listed by Keller Williams Realty
MLS# 6786704 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Two Primary Baths
- Two Primary Suties
- Breakfast Bar
- Ceiling Fan(s)
- Ceiling-Vaulted
- Quartz Counters
- Eat-in Kitchen
- Interior Steps
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Walk-In Closet(s)
- Dishwasher
- Disposal
- Electric Cooktop
- Exhaust Fan
- Microwave
- Free-Standing Electric Oven
- Free-Standing Range
- Free-Standing Refrigerator
- Self Cleaning Oven
- Stainless Steel Appliance(s)
- Vented Exhaust Fan
- Tankless Water Heater
- Water Softener
- Water Softener Owned
- Concrete
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Balcony
- Dog Run
- Exterior Steps
- Rain Gutters
- Kennel
- Private Yard
- Hardi
- Plank Type
- Level
- Native Plants
- Private
- Public Maintained Road
- Subdivided
- Many Trees
- Trees-Medium (20 Ft - 40 Ft)
- Views
- Perimeter
- Pillar
- Post
- Pier
- Covered
- Deck
- Front Porch
- Patio
- Rear Porch
- Side Porch
- Wrap Around
- Roof
- Metal
- Lot Size
- 9.83 Acres
- Driveway
- Gravel
- Unpaved
- Dry
- Seasonal
- Pond
Financial
- Original List Price
- $975,000
- Price per Sq Ft
- $520
Utilities
- Electricity Connected
- Water Connected
- Water Source
- Well
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 4016 McGregor Ln Lot 1-2, whoever represented it.
- ActiveListed 2026Current price: $895,000Original list: $975,000MLS 6786704
- Listed · June 5, 2026$975,000
- Price changed · August 6, 2026$895,000
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
Price Change with current price, original ask, and market time.
- Current list
- $895,000
- Original list
- $975,000
- Price movement
- $80K reduction
- Listed / DOM
- Jun 5, 2026 · 139 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $221,340
- Assessment Year
- 2025
- Parcel ID
- 11-8040-0000-00100-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $221,340 | $221,340 | — |
Zoned Schools
Dripping Springs
Dripping Springs Middle
Walnut Springs
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($179K)
Adjustable assumption - not a lending recommendation.
$895,000
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Keenan Market Position
A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.
List price
$895,000
Price per sqft
$520/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
139 days
Original to current
$80K reduction
$975K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
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