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Extraordinary 855-acre live-water ranch in the heart of the Texas Hill Country, located 15 minutes west of Dripping Springs, 2.5 miles from Highway 290, & approximately 45 minutes from downtown Austin. The property features nearly 1.5 miles of spring-fed Mustang Creek, flowing year-round—even in drought conditions—& dammed to create multiple deep lakes ideal for fishing, swimming, & paddleboarding. The renowned vineyard region (between Johnson City & Fredericksburg) is just 30 minutes away, as well as Wimberley. The land showcases dramatic elevation changes, with rolling valleys and commanding hilltops that deliver sweeping panoramic views in every direction. Crowning one of these hilltops is a 7,000 sq ft custom residence offering six bedrooms & seven bathrooms, thoughtfully upgraded with new hardwood floors, a fully updated kitchen, an elevator, a dedicated wine room, & a Savant AV control system. Outdoor living is equally impressive, with a negative-edge pool & expansive entertaining areas that take full advantage of the surrounding vistas. Privacy is paramount, with access provided by a gated, one-mile private paved road, & the entire ranch is high fenced. A large pond greets you at the entrance, & wildlife is abundant throughout the property. The ranch is managed under a wildlife plan and includes 10 deer feeders, six turkey feeders, & six established food plots, supporting a thriving habitat. Additional improvements near the creek include a two-bedroom, one-bath foreman’s house, a rustic three-bedroom, two-bath guest home, a well-designed equestrian facility, & a large equipment barn. Whether envisioned as a recreational retreat, hunting ranch, legacy estate, or private sanctuary, this property represents a rare offering that captures the very best of Texas ranch living and is a once in a generation opportunity for a ranch of this size and quality this close to Austin. Additional 2,300 plus or minus acres available; see Agent for more information.

Highlights

  • Land
  • Ranch
  • Built in 2008
  • 855.0 Acre Lot
  • Waterfront
  • 157 days on Market

  • Year Built
    2008
  • Parking Features
    RV Access/Parking, Boat
  • Exterior Features
    Storage, Other, Lighting, Awning(s), Balcony, Gas Grill, Rain Gutters, Private Yard, Outdoor Grill, Barbecue, Private Entrance, RV Hookup
  • Patio And Porch
    Covered, Deck
  • Cooling
    Ceiling Fan(s), Central Air, Electric
  • Heating
    Fireplace(s), Electric, Central

  • Acres
    855.0
  • Lot Features
    Wooded, Cleared, Waterfront, Landscaped, Many Trees, Pasture, Agricultural
  • Water Front Features
    Creek
  • Water Front
    Yes
  • View
    Water
  • Water
    Well

  • County
    Hays
  • City
    Dripping Springs
  • Neighborhood
    NA
  • Zip Code
    78620
  • High School
    Lyndon B Johnson
  • Middle School
    Lyndon B Johnson
  • Elementary School
    Lyndon B Johnson

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Frequently Asked Questions

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How do I get more information about ?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $28,000,000. We can talk through recent upgrades, potential seller motivation, how this ranch compares to others in Dripping Springs, and can even get you in to see the property quickly.

How do I get a virtual tour of ?

Yes! A virtual tour is available for . Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for ?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for at around $160,691. This includes estimated property taxes and insurance.

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How do I get pre-approved to buy ?

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Or, let us connect you with our preferred local lender in Hays County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for ?

In most cases, yes. Whether is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Dripping Springs's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on ?

We can handle that for you. Our preferred local agent specializes in lands in Dripping Springs and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

was listed on June 04, 2026, which means it's been on the market for 157 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2008, making it approximately 18 years old.

What is the lot size of this property?

sits on a 855.0-acre lot, which is 37,243,800 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Lyndon B Johnson
  • Middle: Lyndon B Johnson
  • High: Lyndon B Johnson

Want to see how these schools compare? Check out our Hays County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for ?

The most recent public record shows annual property taxes for were approximately $16,200. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, North Texas Real Estate Information Systems (NTREIS). All rights reserved.

Last Updated: November 08, 2026 at 10:37PM | Source: North Texas Real Estate Information Systems (NTREIS) | MLS#: 21291824