Exceptional Live/Work Investment Opportunity on 4.6 Unrestricted Acres in the Heart of Hill Country
Unlock the potential of this rare 4.6-acre unrestricted property just minutes from Downtown Dripping Springs. Ideally positioned outside the ETJ, this unique parcel allows for flexible development with permitting exclusively through Hays County—a major advantage for commercial ventures, residential expansion, or a mixed-use vision.
Strategically located on the high-visibility corner of Ranch Road 12 and KC Memory Lane, the property offers dual access and excellent frontage, making it an ideal site for a destination business, boutique lodging, or event venue. Utilities already in place include a private water well, PEC electricity, rainwater collection system, and a large-capacity residential septic system.
The surveyed acreage is smartly divided into two tracts:
Tract One (1 acre): Nestled at the rear for privacy, this residential oasis features a main home and guest house totaling 4,118 sq ft, along with a sparkling pool and cabana. Currently operating as a successful short-term rental (Airbnb/Vrbo), this setup provides immediate cash flow and could offset holding or development costs.
Tract Two (3.6 acres): A blank canvas at the front of the property with significant commercial potential, thanks to its location along a major thoroughfare.
Surrounded by iconic Hill Country destinations like Ghost Note Brewing (just two driveways down), Salt Lick BBQ, Driftwood Vineyards, and Twisted X Brewery, this property sits in a highly desirable and fast-growing tourism corridor.
Just 4.8 miles from downtown Dripping Springs, 10 miles to Wimberley, and 25 miles to Downtown Austin, this is a once-in-a-lifetime opportunity to invest in one of Central Texas’ most dynamic growth areas.
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Listing Snapshot
Price
$1,695,000
Days On Site
166 Days
Bedrooms
N/A
Inside Area (SqFt)
4,118 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
4.592 Acres
Year Built
1985
MLS® Number
4037553
Status
Active
Property Tax
$26,601
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
2 months ago
Price changed to $1,695,000
2 months ago
Listing updated with changes from the MLS®
5 months ago
Listing first seen on site
General Features
Acres
4.592
Additional Property Use
RecreationalResidentialVacant
Disclosures
Seller Disclosure
Foundation
Pillar/Post/PierSlab
Parking
CarportGatedOpenSee Remarks
Parking Spaces
4
Property Sub Type
Mixed Use
Security
Smoke Detector(s)
Sewer
Septic Tank
Special Circumstances
Standard
SqFt Total
4118
Water Source
PrivateWell
Zoning
No zoning on this proper
Interior Features
Cooling
Ceiling Fan(s)Central Air
Flooring
Tile
Heating
CentralElectricFireplace(s)
Laundry Features
Electric Dryer HookupWasher Hookup
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Exterior Features
Construction Details
HardiPlank TypeWood Siding
Exterior
Tennis Court(s)
Lot Features
Level
Other Structures
Guest HouseOutbuildingTennis Court(s)
View
Rural
Waterview
Rural
Community Features
Financing Terms Available
CashConventional
Horse Allowed
Yes
MLS Area
HD
Roads
Asphalt
Listing courtesy of Homestead & Ranch Real Estate barbara@barbaragremillion.com
All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings courtesy of ACTRIS as distributed
by MLS GRID. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied.
Last checked - 2025-08-05 05:56 AM CDT
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