12 bed, 11 bath, 2,148 sqft on 46.02 acres in Dripping Springs. Dripping Springs, TX 78620. $3,150,000. Dripping Springs ISD.
About This Home
A picturesque creek crossing sets the stage for this remarkable, unrestricted 46-acre Texas Hill Country retreat, where abundant wildlife, breathtaking sunset views, and a scenic loop trail create an unforgettable setting. The property sits behind a gated entrance, fully fenced, in Dripping Springs ISD, 20 minutes from downtown Dripping Springs and 15 minutes from Pedernales Falls State Park trailheads, with wineries, breweries, and wedding venues nearby. Rolling topography, dozens of mature oak and pecan trees, and a wildlife exemption keep the land beautiful and the taxes low. A 2,148 sq. ft. natural stone home (2BR/1.5BA) anchors the property with a large stone fireplace, saltillo tile floors, exposed beams, covered porches, and two outdoor fire pits. Ten climate-controlled STR units are already in place, each with a king bed, two-story deck with hot tub, fire pit, kitchenette, outdoor stone shower, private bath, and rooftop hammock. Underground infrastructure is fully built out: 10,000+ feet of buried utilities and septic to every unit, a well, and a 32,000-gallon water catchment tank. Approximately 20 acres are undeveloped. Ideal for a private family compound, legacy estate, multi-generational retreat, or the buyer's own STR venture. The kitchen in the main house was converted to a reception/office space; however, the plumbing and electrical are in place and could easily be converted back. Seller is willing to remove the yurts at buyer's request.
A gated 46-acre Hill Country estate anchored by a stone residence and ten climate-controlled short-term rental cabins, this Dripping Springs property in Dripping Springs represents one of the region's most developed luxury retreat compounds, with full infrastructure serving every structure and 20 acres of undeveloped land remaining for future expansion or preservation.
The main residence commands 2,148 square feet of natural stone construction, featuring exposed beam ceilings, saltillo tile flooring, and a dramatic stone fireplace that becomes the visual anchor of the open floor plan. The property sits behind a gated entrance on gently sloping terrain, accessed via a scenic loop trail that winds through dozens of mature oak and pecan trees, creating layers of privacy within the Dripping Springs ISD boundary. Two covered porches frame the main house, while outdoor fire pits provide gathering spaces that leverage the property's unrestricted views and the creek crossing that defines the western edge.
The ten STR cabins represent the opulent finishing touches that have transformed this into an operating hospitality asset. Each unit features a king bed, two-story deck with hot tub access, private fire pit, kitchenette, outdoor stone shower, private bath, and rooftop hammock. This configuration already generates revenue while maintaining the compound's intimate scale. The underground infrastructure tells the story of thoughtful development: 10,000+ feet of buried utilities and septic lines serve every structure, a private well ensures water security, and a 32,000-gallon water catchment tank supports both immediate needs and seasonal abundance. The kitchen in the main residence was converted to a reception and office space, though full plumbing and electrical capabilities remain intact for restoration as a functional kitchen.
The property's positioning within Dripping Springs ISD, 15 minutes from Pedernales Falls State Park and 20 minutes from downtown Dripping Springs, places it amid the Hill Country's most sought-after destinations. Proximity to wineries, breweries, and established wedding venues creates both lifestyle amenities and expansion opportunities for hospitality-minded buyers. The wildlife exemption and unrestricted acreage keep property taxes low while preserving the natural landscape.
Whether configured as a private family compound, multi-generational legacy estate, or the foundation for an expanded hospitality venture, this developed property offers immediate use and substantial undeveloped potential across 46 acres at $3.50M.
The numbers behind this insight
- Offered at
- $3,150,000
- Listed
- June 1, 2026
- Price changes
- Reduced, down 10% from $3,500,000
- Asking price per sq ft
- $1,466
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $736 per sq ft over the trailing 12 months (186 sales), as of October 22, 2026.
- Property Type
- Residential
- Year Built
- 1985
- Lot Size
- 46.02 acres
- Price / Sq Ft
- $1,466
- Garage
- 2 spaces
Listing information last updated September 2, 2026.
Listed by Keller Williams Realty Professionals
MLS# 2729160 • Active Under Contract
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Beamed Ceilings
- Open Floorplan
- Free-Standing Refrigerator
- Tile
- Wood
- Heating
- Central,See Remarks
- Cooling
- Ceiling Fan(s),Electric,Varies by Unit,See Remarks
- Fireplaces
- 1
Exterior & Lot
- Private Entrance
- Private Yard
- Restricted Access
- Wood Siding
- Stone
- Gentle Sloping
- Full
- Slab
- Deck
- Front Porch
- Roof
- Metal
- Lot Size
- 46.02 Acres
- Additional Parking
- Garage Spaces
- 2
- Creek
Financial
- Original List Price
- $3,500,000
- Price per Sq Ft
- $1,466
Utilities
- Electricity Connected
- Propane
- Water Source
- Well
- Sewer
- Septic Tank,See Remarks
Transaction History
2 records on file
Every recorded listing, sale, and lease at 7000 McGregor LN, whoever represented it.
- Active Under ContractListed 2026Current price: $3,150,000Original list: $3,500,000MLS 7128109
- Active Under ContractListed 2026Current price: $3,150,000Original list: $3,500,000MLS 2729160
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
- $3,150,000
- Original list
- $3,500,000
- Price movement
- $350K reduction
- Listed / DOM
- Jun 1, 2026 · 93 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $44,360
- Assessment Year
- 2025
- Parcel ID
- 11-4278-0000-01400-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $44,360 | $1,317,730 | — |
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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, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($630K)
Adjustable assumption - not a lending recommendation.
$3,150,000
Luxury property intelligence
Keenan Market Position
A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.
List price
$3,150,000
Price per sqft
$1,466/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
93 days
Original to current
$350K reduction
$3.5M 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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