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Keenan Group#1 Austin Board of Realtors Team 2024

$12,950,000

12Beds
14.2Baths
11,800Sq Ft
16.86 acresLot

475 Happy Trl, Dripping Springs, TX 78620

Dripping Springs·MLS# 6742265·Built 2022·108 days on market

12 bed, 14 bath, 11,800 sqft on 16.86 acres in Dripping Springs. Dripping Springs, TX 78620. $12,950,000. Johnson City ISD.

About This Home

A once-in-a-generation opportunity to own one of the Texas Hill Country's most extraordinary private compounds. Offered together, 475 and 503 Happy Trl span approximately 16 breathtaking acres, combining two architecturally distinct residences into a legacy estate designed for entertaining, recreation, multigenerational living, and complete privacy. At 475, everyday life feels like a private resort. The approximately 8,000-sqft estate features a contemporary main residence, a Party Barn, a private guest apartment above the five-stall horse barn, and extensive garage space for car collectors, RVs, boats, or hobbies. Beyond the homes, the property unfolds into a resort-style landscape with a pool and spa, pickleball court, stocked fishing pond, walking and UTV trails, seasonal creeks, raised garden beds, open pasture, and beautifully maintained grounds. Equestrian enthusiasts will appreciate the five-stall luxury barn with individual turnouts, fenced riding arena ready for completion, and dedicated pasture space. Just beyond, 503 offers a serene escape from the fun next door. Recently completed, the approximately 3,800-sqft MCM inspired residence sits atop 7 private acres, where walls of glass frame panoramic Hill Country views. Warm contemporary finishes, an entertainer's kitchen, and seamless indoor-outdoor living create a peaceful retreat that perfectly complements the recreational lifestyle found next door. Together, the properties offer more than 11,800 sqft of living space and an unmatched combination of luxury, flexibility, and natural beauty that is nearly impossible find in the Hill Country. Whether envisioned as a private family compound, luxury retreat, equestrian estate, or legacy property for generations to come, it stands in a class of its own. Sellers prefer to convey both properties together but will consider selling separately. Additional photos, videos, floor plans, and property details are available on the dedicated property website. Owner/Agent

Property Type
Farm
Year Built
2022
Lot Size
16.86 acres
Price / Sq Ft
$1,097
Garage
7 spaces

Listing information last updated October 15, 2026.

Listed by Compass RE Texas, LLC

MLS# 6742265 • Active

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

Highlights

7-car garage with additional parking capacity
Generous 16.86-acre lot
Breakfast Bar
Built-in Features
Ceiling Fan(s)
Ceiling-High

Facts & Features

Interior

Features

  • Bar
  • Bidet
  • Breakfast Bar
  • Built-in Features
  • Ceiling Fan(s)
  • Ceiling-High
  • Ceiling-Vaulted
  • Quartz Counters
  • Double Vanity
  • High Speed Internet
  • Kitchen Island
  • Multiple Living Areas
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • 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
4
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
16.86 Acres

Parking

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

Waterfront

  • Pond
Financial
Original List Price
$12,950,000
Price per Sq Ft
$1,097
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

Listing timeline with current price, original ask, and market time.

View Timeline
Current list
$12,950,000
Original list
$12,950,000
Price movement
No verified reduction
Listed / DOM
Jun 29, 2026 · 108 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
$71,731

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

20% ($2.6M)

Adjustable assumption - not a lending recommendation.

$12,950,000

Loan: $10.4M
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Keenan Market Position

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

List price

$12,950,000

Price per sqft

$1,097/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

108 days

Original to current

No verified reduction

$13M original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.

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Frequently Asked Questions

How much is 475 Happy Trl?

475 Happy Trl is listed at $12,950,000 with 12 bedrooms, 14 full, 2 half bathrooms, 11,800 square feet, 16.86-acre lot. This places it above the ZIP 78620 single-family closed-sale median price of $600,000 (ZIP 78620 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 15, 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 Farm built in 2022 featuring 12 bedrooms, 14 full, 2 half bathrooms, 11,800 square feet, 16.86-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 Oct 15, 2026, 475 Happy Trl is offered at $12,950,000. The current MLS snapshot shows 233 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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Last updated: 10/15/2026, 1:07:04 PM

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