
3 bed, 2 bath, 1,720 sqft on 9.83 acres in Dripping Springs. Dripping Springs, TX 78620. $895,000. Dripping Springs ISD.
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.
Verified property facts
4016 McGregor Ln Lot 1-2 is listed at $895,000 with 3 bedrooms, 2 full bathrooms, 1,720 square feet, 9.83-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 Oct 1, 2026).
4016 McGregor Ln Lot 1-2 is zoned for Dripping Springs ISD with assigned schools: Walnut Springs (elementary), Dripping Springs Middle (middle), Dripping Springs (high). School assignments should be verified directly with the district.
4016 McGregor Ln Lot 1-2 is a Residential built in 1983 featuring 3 bedrooms, 2 full bathrooms, 1,720 square feet, 9.83-acre lot.
4016 McGregor Ln Lot 1-2 is listed by Keller Williams Realty. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Oct 2, 2026.
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1 record on file
Every recorded listing, sale, and lease at 4016 McGregor Ln Lot 1-2, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price Change with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $383,745 | $213,820 | $169,925 |
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. Ratings from GreatSchools.org.
20% ($179K)
Adjustable assumption - not a lending recommendation.
$895,000
Luxury property intelligence
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List price
$895,000
Price per sqft
$520/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
119 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 2, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
The most recent annual property tax for 4016 McGregor Ln Lot 1-2 is $6,276. 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.
This page does not assume a mortgage rate or publish a monthly payment for 4016 McGregor Ln Lot 1-2. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 2, 2026, 4016 McGregor Ln Lot 1-2 is offered at $895,000. The current MLS snapshot shows 223 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.
4016 McGregor Ln Lot 1-2 was built in 1983 (43 years ago). Buyers should budget for potential updates to major systems.
The MLS listing marks 4016 McGregor Ln Lot 1-2 as waterfront. The reported waterfront feature is Dry, Seasonal, Pond. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
3 events on record
Current Price
$895,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $383,745 | $213,820 | $169,925 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
| Address | Offered At |
|---|---|
| 164 Carentan Cv | $1.14M |
| 158 Carentan Cv | $820K |
| 265 Quinn Dr | $1.09M |
| 32635 Ranch Road 12 Rnch | $940K |
| 200 Twidwell Dr | $535K |
| 500 Hazy Hills Loop | $797K |
| 120 Nodena Dr | $600K |
| 1330 Deer Creek Cir | $520K |
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