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Keenan Group#1 Austin Board of Realtors Team 2024

$9,950,000

7Beds
8.5Baths
8,000Sq Ft
9.00 acresLot

475 Happy Trl, Dripping Springs, TX 78620

Dripping Springs·MLS# 3972715·Built 2022·130 days on market

7 bed, 8 bath, 8,000 sqft on 9.00 acres in Dripping Springs. Dripping Springs, TX 78620. $9,950,000. Johnson City ISD.

About This Home

This property has it all! Dreaming of horses, cars and fun? This exceptional Hill Country estate was designed for luxury living and entertainment w/car enthusiasts & horse lovers in mind. Built between 2022-25. Main house, party barn, horse barn, apartment, pond, beautifully landsacaped land, and garage space for 11 cars plus. 40 min from Austin. Active luxury STR. 4,500 sqft main house offers 5 beds/5 baths, w/a chef’s kitchen, built-in refrigerator, two Cove dishwashers, and custom cabinetry. Full bar w/beverage fridge, sink, sonic ice maker. Fleetwood slider doors and expansive windows open the home to a stunning outdoor living area with fireplace, dining space, outdoor kitchen. Speakers throughout entire property. Additional features include a media room with 120-inch screen and 4K projector, loft with bunks, walk-in pantry, safe room/storage room, laundry on both levels, attached 3-car garage, European white oak floors, Level 5 drywall, electronic shades, smart thermostats, and reverse osmosis water treatment. The 2,800 sqft party barn is perfect for entertaining. Completed in 2025 it includes a full kitchen, bar, lounge, arcade space, 2 bedrooms, 2 baths, upstairs living area, and major garage capacity with room for 8+ cars, or boat and RV storage. The horse barn features an apartment w/kitchen, living room, bed & bath. 5 stalls, Dutch doors, auto waterers, auto feeders, tack room, half bath, barn apartment, HDPE horse fencing. Fenced and leveled arena area could be easily completed and customized by new owners (needs fill/sand). Resort-style amenities include a huge pool, spa, pickleball, basketball, outdoor lighting, turf, and a half-acre stocked pond w/waterfall, aerator, auto-feeder. Solar panels, batteries, 2 water tanks, professional landscaping. Rare lifestyle property built for living well. It’s so special, you’ll never want to leave. Can also purchase neighboring property w/house & 7 acres listed at 3 million. Video is of both properties. Owner/Agent

Property Type
Residential
Year Built
2022
Lot Size
9.00 acres
Price / Sq Ft
$1,244
Garage
7 spaces
Pool
Yes

Listing information last updated November 3, 2026.

Listed by Compass RE Texas, LLC

MLS# 3972715 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

Private pool and outdoor entertaining setup
7-car garage with additional parking capacity
Generous 9.00-acre lot
Ceiling Fan(s)
Ceiling-High
Quartz Counters

Facts & Features

Interior

Features

  • Bar
  • Bidet
  • Ceiling Fan(s)
  • Ceiling-High
  • Quartz Counters
  • Double Vanity
  • High Speed Internet
  • Multiple Living Areas
  • Pantry
  • Primary Bedroom on Main
  • Soaking Tub
  • Two Primary Closets
  • Walk-In Closet(s)
  • Wet Bar
  • Wired for Data
  • Wired for Sound

Appliances

  • Dishwasher
  • Disposal
  • Dryer
  • Microwave
  • Plumbed For Ice Maker
  • RNGHD
  • Refrigerator
  • Washer
  • Water Heater
  • Tankless Water Heater
  • Wine Refrigerator

Flooring

  • Tile
  • Wood
Heating
Central,Fireplace(s)
Cooling
Ceiling Fan(s),Electric,Heat Pump,Zoned
Fireplaces
3
Exterior & Lot

Features

  • Gutters Full

Construction

  • Spray Foam Insulation
  • Board & Batten Siding

Lot Features

  • Garden
  • Landscaped
  • Sprinkler - Partial
  • Trees-Heavy

Fencing

  • Fenced

Foundation

  • Slab

Patio / Porch

  • Covered
  • Front Porch
  • Patio
Roof
Metal
Lot Size
9.00 Acres

Parking

  • Additional Parking
  • Boat
  • Concrete
  • Door-Multi
  • Driveway
  • Garage
  • Gated
  • Oversized
  • RV Access
  • Parking
Garage Spaces
7
Pool
Yes

Waterfront

  • Pond
Financial
Original List Price
$9,950,000
Price per Sq Ft
$1,244
Utilities
  • Electricity Connected
  • Propane
  • Water Connected
Water Source
Well
Sewer
Septic Tank

Transaction History

2 records on file

Every recorded listing, sale, and lease at 475 Happy TRL, whoever represented it.

  1. ActiveListed 2026
    Current price: $12,950,000Original list: $12,950,000MLS 6742265
    1. Listed · June 29, 2026$12,950,000
  2. ActiveListed 2026
    Current price: $9,950,000Original list: $9,950,000MLS 3972715
    1. Listed · June 28, 2026$9,950,000

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

Listed with current price, original ask, and market time.

View Timeline
Current list
$9,950,000
Original list
$9,950,000
Price movement
No verified reduction
Listed / DOM
Jun 28, 2026 · 130 days

Tax Record

Public record data from county appraisal records. Market value can differ from assessed value.

Assessed Value
$1,344,360
Assessment Year
2025
Year Built
2022
Parcel ID
11-4480-0000-002A2-7
YearTaxesTotal AssessmentLandAdditions
2025
—$1,344,360$300,420$1,270,300

Virtual Tour

Virtual tour of 475 Happy Trl
Map showing 475 Happy TRL
475 Happy TRL
Directions

Zoned Schools & District Context

Johnson City ISD →

1 High School1 Middle School1 Elementary School

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.

Principal & interest
$54,247

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

Illustrative down payment

20% ($2.0M)

Adjustable assumption - not a lending recommendation.

Home price

$9,950,000

Loan: $8.0M

Loan details

Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-29
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Luxury property intelligence

Keenan Market Position

A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.

List price

$9,950,000

Price per sqft

$1,244/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

130 days

Original to current

No verified reduction

$10M original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Nov 4, 2026.

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Frequently Asked Questions

How much is 475 Happy Trl?

475 Happy Trl is listed at $9,950,000 with 7 bedrooms, 8 full, 1 half bathrooms, 8,000 square feet, 9.00-acre lot. This places it above the ZIP 78620 single-family closed-sale median price of $599,875 (ZIP 78620 geography · single-family closed sales · median sale price · trailing 12 months as of Nov 4, 2026).

What school district is 475 Happy Trl in?

475 Happy Trl is zoned for Johnson City ISD with assigned schools: Lyndon B Johnson (elementary), Lyndon B Johnson (middle), Lyndon B Johnson (Johnson City ISD) (high). School assignments should be verified directly with the district.

What are the property details for 475 Happy Trl?

475 Happy Trl is a Residential built in 2022 featuring 7 bedrooms, 8 full, 1 half bathrooms, 8,000 square feet, 9.00-acre lot.

What are the property taxes for 475 Happy Trl?

The most recent annual property tax for 475 Happy Trl is $30,000. 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.

How should a buyer estimate the monthly payment for 475 Happy Trl?

This page does not assume a mortgage rate or publish a monthly payment for 475 Happy Trl. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 475 Happy Trl compare with other homes in Dripping Springs?

As of Nov 4, 2026, 475 Happy Trl is offered at $9,950,000. The current MLS snapshot shows 226 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.

When was 475 Happy Trl built?

475 Happy Trl was built in 2022, making it 4 years old with relatively recent construction.

What is the water access at 475 Happy Trl?

The MLS listing marks 475 Happy Trl as waterfront. The reported waterfront feature is 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.

Why Choose the #1 Austin Board Team for Dripping Springs

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

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Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 11/3/2026, 8:33:00 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Keenan Luxury Market Index figures and Keenan Group sales counts are published under CC BY 4.0 and may be reused with attribution to Keenan Group at Compass. Methodology and citation format: thekeenangroup.com/the-source/keenan-luxury-market-index-methodology.

Last updated: 11/3/2026, 8:33:00 PM

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