— bed, — bath in Dripping Springs. Dripping Springs, TX 78620. $655,000.
About This Home
Introducing a rare opportunity to own a brand-new, high-quality flex space in one of Central Texas’ fastest-growing markets. This thoughtfully designed property features 2,500 square feet of ground-level space and an additional 800 square feet of mezzanine space. Whether you're looking to impress clients or streamline your operations, this layout offers the best of both worlds. Built with both form and function in mind, the building boasts one 12’ x 14’ roll-up door, allowing for seamless access and operational efficiency. 200-amp electrical service is already in place, with the ability to easily upgrade to 400 amps, ensuring you’re equipped for future expansion. Set within a secure, gated development, this property is ideal for a wide range of users—whether you're in automotive, trades, logistics, storage, or light manufacturing, this space adapts to your needs. With strong market demand and limited supply in the Dripping Springs area, this is a valuable opportunity for owner-users and investors alike. Nestled between Dripping Springs and Henly, with effortless access to Austin, Johnson City, Blanco, and the greater Hill Country, this location offers maximum convenience in a rapidly developing corridor. Don’t miss your chance to secure this exceptional flex space in a location that’s as strategic as it is scenic.
- Property Type
- Commercial Sale
- Year Built
- 2025
Listing information last updated June 5, 2026.
Listed by Friedman Real Estate, Inc.
MLS# 2188194 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Concrete
- Vinyl
Exterior & Lot
- Metal Siding
- On Site
- Outside
- Paved
Financial
- Original List Price
- $665,000
Utilities
- Electricity Connected
- High Speed Internet
- Sewer Connected
- Water Connected
- Sewer
- Shared Septic
Transaction History
1 record on file
Every recorded listing, sale, and lease at 451 Farrell RD Unit #301B, whoever represented it.
- ActiveListed 2026Current price: $655,000Original list: $665,000MLS 2188194
- Listed · May 4, 2026$665,000
- Price changed · June 4, 2026$655,000
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.
- Current list
- $655,000
- Original list
- $665,000
- Price movement
- $10K reduction
- Listed / DOM
- May 4, 2026 · 171 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $190,210
- Assessment Year
- 2025
- Parcel ID
- 15-2450-0000-00100-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $190,210 | $190,210 | — |
District Schools Nearby
Dripping Springs High School
Sycamore Springs Middle School
Rooster Springs Elementary
Cypress Springs Elementary
Sycamore Springs Elementary
Walnut Springs Elementary
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($131K)
Adjustable assumption - not a lending recommendation.
$655,000
Luxury property intelligence
Keenan Market Position
A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.
List price
$655,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
171 days
Original to current
$10K reduction
$665K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
Request Private Market AnalysisConnect 451 Farrell Rd Unit #301B to the Austin Market
78620 ZIP Guide
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Dripping Springs ISD Schools
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