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
Facts & Features
Interior
- 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
- Dishwasher
- Disposal
- Dryer
- Microwave
- Plumbed For Ice Maker
- RNGHD
- Refrigerator
- Washer
- Water Heater
- Tankless Water Heater
- Wine Refrigerator
- Tile
- Wood
- Heating
- Central,Fireplace(s)
- Cooling
- Ceiling Fan(s),Electric,Heat Pump,Zoned
- Fireplaces
- 4
Exterior & Lot
- Gutters Full
- Spray Foam Insulation
- Board & Batten Siding
- Garden
- Landscaped
- Sprinkler - Partial
- Trees-Heavy
- Fenced
- Slab
- Covered
- Front Porch
- Patio
- Roof
- Metal
- Lot Size
- 16.86 Acres
- Additional Parking
- Boat
- Concrete
- Door-Multi
- Driveway
- Garage
- Gated
- Oversized
- RV Access
- Parking
- Garage Spaces
- 7
- 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.
- ActiveListed 2026Current price: $12,950,000Original list: $12,950,000MLS 6742265
- Listed · June 29, 2026$12,950,000
- ActiveListed 2026Current price: $9,950,000Original list: $9,950,000MLS 3972715
- 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.
- 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
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $1,344,360 | $300,420 | $1,270,300 |
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Zoned Schools & District Context
Lyndon B Johnson
Sycamore Springs Middle School
Rooster Springs Elementary
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% ($2.6M)
Adjustable assumption - not a lending recommendation.
$12,950,000
Luxury property intelligence
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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