— bed, — bath on 1.31 acres in Dripping Springs. Dripping Springs, TX 78620. $1,150,000. Dripping Springs ISD.
About This Home
This 1.31 acre commercial lot sits in the heart of the busy and growing Dripping Spring business district. This is an exceptional opportunity for development or investment. Located directly on HWY US 290, the topography provides the perfect canvas for a variety of projects. Its convenient location and great visibility, positions it to capitalize on the area’s growth and expansion. Adjoining 2.97 acre tract also for sale, please inquire within.
801 W Highway 290 is a 1.312 acre unimproved land offering in the Dripping Springs corridor of Dripping Springs, a location where frontage, visibility, and access shape long term real estate value. Priced at $1.34M in Dripping Springs, TX 78620, this Hays County tract sits in a part of the market that draws attention because Highway 290 functions as the main commercial spine through town, and well-positioned land along that route remains limited.
The first point to understand here is flexibility. This is unimproved land, so there is no existing building, no renovation burden, and no prior layout dictating the next move. That changes the economics and the decision making for a buyer evaluating development, hold strategy, or future commercial positioning. The site is described as having topography suited to a range of project types, which matters because land utility begins with what the ground can reasonably support. On a corridor like Dripping Springs, usable acreage and road presence tend to matter more than cosmetic selling points.
The location also carries practical context beyond the parcel lines. This property is within Dripping Springs ISD, with Dripping Springs Elementary, Dripping Springs Middle, and Dripping Springs High identified in the school path. For raw land, district placement is still relevant because it helps frame the surrounding growth pattern and the broader demand story in Dripping Springs. Buyers tracking long term value usually look at more than the tract itself. They look at the corridor, the pace of local expansion, and whether the location sits in the path of durable demand.
Days on market are 425, which means this property should be assessed on fundamentals rather than launch momentum. The fundamentals here are straightforward: 1.312 acres on Highway 290, in the Dripping Springs business district, with a location built around exposure and future use potential. There is also an adjoining 2.97 acre tract available, which introduces a possible assemblage play for a buyer who values scale and wants to think beyond a single parcel. On this stretch of Dripping Springs, that kind of optionality can materially change the long term outcome.
For a buyer who understands Central Texas land, the case for 801 W Highway 290 is not about hype. It is about controlling a strategically placed tract on a major corridor in a growing part of Hays County, with the kind of positioning that can support development now or hold value as the market continues to mature.
The numbers behind this insight
- Offered at
- $1,150,000
- Listed
- January 15, 2025
- Price changes
- Reduced, down 23.1% from $1,495,000
- Property Type
- Land
- Lot Size
- 1.31 acres
Listing information last updated May 16, 2026.
Listed by Pinnacle Properties - BMS
MLS# 8143045 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- City Lot
- Near Public Transit
- Lot Size
- 1.31 Acres
Financial
- Original List Price
- $1,495,000
Utilities
- Electricity Connected
- Sewer Available
- Water Connected
- Water Source
- Public
Transaction History
1 record on file
Every recorded listing, sale, and lease at 801 W Highway 290, whoever represented it.
- ActiveListed 2025Current price: $1,150,000Original list: $1,495,000MLS 8143045
- Price changed · May 16, 2026$1,150,000
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
- $1,150,000
- Original list
- $1,495,000
- Price movement
- $345K reduction
- Listed / DOM
- Jan 15, 2025 · 639 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,146,470
- Assessment Year
- 2025
- Parcel ID
- 10-0415-0213-00000-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $1,146,470 | $1,090,710 | $55,760 |
Zoned Schools & District Context
Dripping Springs
Dripping Springs Middle
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% ($230K)
Adjustable assumption - not a lending recommendation.
$1,150,000
Luxury property intelligence
Keenan Market Position
A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.
List price
$1,150,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
639 days
Original to current
$345K reduction
$1.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
Request Private Market AnalysisConnect 801 W Highway 290 to the Austin Market
78620 ZIP Guide
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Dripping Springs ISD Schools
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