— bed, — bath on 11.98 acres in Austin. Austin, TX 78736. $4,000,000. Dripping Springs ISD.
About This Home
This exceptional 11.98± acre Fitzhugh Road development opportunity comes with a county-approved 35-year development agreement and a shovel-ready plan designed for approximately 110,000 SF of multi-building retail, warehouse, office and flex space. Located entirely in Hays County with an Austin address, outside the ETJ and with no restrictions shown in MLS, the property offers exceptional flexibility for developers, investors and owner-users. Positioned along the highly sought-after Fitzhugh Corridor between Austin and Dripping Springs, the property sits among established breweries, distilleries, restaurants and entertainment destinations that have transformed Fitzhugh Road into one of the Hill Country's most recognizable commercial corridors. The approved concept provides an opportunity to develop and lease or sell individual spaces, while the site's scale and flexibility also make it well suited for an owner-user campus, manufacturing, distribution, trades, showroom, retail, brewery/distillery or other commercial concepts. With approximately 110,000 SF already designed, buyers can capitalize on significant planning already completed while retaining the flexibility to pursue a different vision. Convenient access connects the property to Southwest and Central Austin, Dripping Springs, Bee Cave, Lakeway, Wimberley and the greater Hill Country. A rare opportunity to acquire nearly 12 acres on Fitzhugh Road with long-term development approvals already in place. Ask for the site plan, development agreement and additional due diligence materials.
At $4.75 million for 11.98 acres, TBD Fitzhugh stands out as a rare large-scale land offering on one of the most active growth corridors in the Austin area. TBD Fitzhugh is in Austin, TX 78736, in Hays County, and the main story here is flexibility: this is Land - See Remarks with no residential square footage, no year built, and no existing bed or bath count to limit how the site can be viewed.
The tract sits along Fitzhugh Road, a corridor that has shifted from a rural pass-through to a real commercial and destination stretch for the western side of the metro. That matters because visibility, frontage, and access drive land value here. From this part of Hays County, routes toward U.S. 290 and State Highway 71 connect the property to Southwest Austin, Bee Cave, Lakeway, Dripping Springs, Wimberley, and the Central Texas Hill Country. For buyers looking at traffic flow, customer access, or future development patterns, those named routes and trade areas are the draw.
This is not a finished residential estate listing. It is a nearly 12-acre land opportunity in Austin with long-term positioning value. Price per square foot is not applicable because the property is being marketed as land and building square footage is not provided. Year built is not applicable. School district and school ratings are not provided in the source data, so any buyer planning residential use should confirm district boundaries, campus assignments, and entitlement pathways directly. The same applies to drive times, which will depend on the final point of access and the end destination.
What makes this site compelling is the combination of scale, corridor exposure, and location outside the Austin ETJ while remaining in an Austin-address market area. In practical terms, that gives investors, developers, and end users a different set of considerations than many tracts closer to the urban core. The Fitzhugh corridor has seen demand from hospitality concepts, breweries, distilleries, event venues, flex space users, and service businesses that benefit from destination traffic and strong weekend movement.
Days on market at 377 suggest this is a property that will appeal to a specific buyer rather than a broad pool, which is common for land at this price point and size. For the right buyer, TBD Fitzhugh offers a chance to control meaningful acreage in a part of Austin where growth continues to push west, and that kind of land position can shape both lifestyle use and long-term value.
The numbers behind this insight
- Offered at
- $4,000,000
- Listed
- December 26, 2024
- Price changes
- Reduced, down 15.8% from $4,750,000
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $732 per sq ft over the trailing 12 months (178 sales), as of November 4, 2026.
- Property Type
- Land
- Lot Size
- 11.98 acres
Listing information last updated August 10, 2026.
Listed by Friedman Real Estate, Inc.
MLS# 9321007 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Many Trees
- Lot Size
- 11.98 Acres
Financial
- Original List Price
- $4,750,000
Transaction History
1 record on file
Every recorded listing, sale, and lease at TBD Fitzhugh, whoever represented it.
- ActiveListed 2024Current price: $4,000,000Original list: $4,750,000MLS 9321007
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
- $4,000,000
- Original list
- $4,750,000
- Price movement
- $750K reduction
- Listed / DOM
- Dec 26, 2024 · 678 days
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.
Illustrative down payment
20% ($800K)
Adjustable assumption - not a lending recommendation.
Home price
$4,000,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.
List price
$4,000,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
678 days
Original to current
$750K reduction
$4.8M 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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78736 ZIP Guide
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Dripping Springs ISD Schools
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