4 bed, 3 bath, 2,240 sqft on 24.83 acres in Dripping Springs. Dripping Springs, TX 78620. $1,390,000. Dripping Springs ISD.
About This Home
24.83 acres of ag exempt beautiful pastures right in the heart of Dripping Springs and the Lone Star State's beloved Texas Hill Country. Completely renovated homestead with 4 bedrooms, 3 bathrooms, a wood burning fireplace, stainless steel appliances, and wood floors throughout. Owner is willing to subdue and sell the 12 acre vacant lot as well. Live in the house while you build your dream home or purchase as an investment. Ideally located on a quiet and private road, a few minutes from the highly desirable West Fitzhugh & Bell Springs Road. Beautiful pasture views, flat lot and mature trees. Great for horses. Minimal restrictions. Residential only. Completely fenced. Dripping Springs ISD. Very low tax rates due to ag exemption. 4 Minutes to Texas Hill Country Olive Company & 12 Fox Beer Company. 14 minutes to Mercer Street in Downtown Dripping. 24 Minutes to Hill Country Galleria. Currently leased through June 2027.
- Property Type
- Residential
- Year Built
- 1983
- Lot Size
- 24.83 acres
- Price / Sq Ft
- $621
- HOA
- $250/year
Listing information last updated September 28, 2026.
Listed by Wilemon Real Estate
MLS# 1673032 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Quartz Counters
- Pantry
- Primary Bedroom on Main
- Two Primary Closets
- Walk-In Closet(s)
- Dishwasher
- Disposal
- Free-Standing Electric Range
- Tile
- Wood
- Heating
- Central,Fireplace(s),Wood
- Cooling
- Central Air,Electric
- Fireplaces
- 1
Exterior & Lot
- Wood Siding
- Agricultural
- Trees-Large (Over 40 Ft)
- Wire
- Slab
- Covered
- Front Porch
- Roof
- Metal
- Lot Size
- 24.83 Acres
- Detached
- Garage
- Open
Financial
- HOA Fee
- $250 / year
- Original List Price
- $1,565,000
- Price per Sq Ft
- $621
Utilities
- Electricity Available
- Water Available
- Water Source
- Well
- Sewer
- Septic Tank
Transaction History
2 records on file
Every recorded listing, sale, and lease at 501 Myers Creek RD, whoever represented it.
- ActiveListed 2026Current price: $1,390,000Original list: $1,565,000MLS 6855504
- Listed · August 28, 2026$1,565,000
- Price changed · September 28, 2026$1,390,000
- ActiveListed 2026Current price: $1,390,000Original list: $1,565,000MLS 1673032
- Listed · August 28, 2026$1,565,000
- Price changed · September 28, 2026$1,390,000
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
Price Change with current price, original ask, and market time.
- Current list
- $1,390,000
- Original list
- $1,565,000
- Price movement
- $175K reduction
- Listed / DOM
- Aug 28, 2026 · 68 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $389,760
- Assessment Year
- 2025
- Parcel ID
- 11-0330-0000-00301-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $389,760 | $80,920 | $308,840 |
Zoned Schools
Dripping Springs
Dripping Springs Middle
Walnut Springs
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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-15T22:07:31.164+00:00; normalized from annual dues.
Illustrative down payment
20% ($278K)
Adjustable assumption - not a lending recommendation.
Home price
$1,390,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.
List price
$1,390,000
Price per sqft
$621/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
68 days
Original to current
$175K reduction
$1.6M 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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