00 Loop 165
Dripping Springs, TX, 78620 $ 28,000,000
Baths0.0 Monthly Estimate*
$ 172,401
Studio for $28,000,000. This property was built in 2008 on a lot size of 855.
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.
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FeaturesGeneralDevelopment Status Other
Heating Central Electric Fireplace(s)
Cooling Ceiling Fan(s) Central Air Electric
Utilities Private Road Septic Well
Possession Closing/Funding
current use Agricultural Grazing Horses Hunting/Fishing Ranch Recreational Residential See Remarks
Restrictions Deed
School District Johnson City ISD
Crops Bluestem Improved Pasture Native
Year Built 2008
Property Subtype Ranch
Subdivision Name NA
Occupant Type Owner
County Hays
Property Type Land
HOA Type None
Special Notes Aerial Photo Deed Restrictions Flood Plain Utility Easement Other
Status Active
Directions Go west on Hwy 290 towards Dripping Springs 15 min past Dripping Springs turn Left on FM 165 Left on Loop 165 to entrance on left.
City Dripping Springs
Elementary School Name Lyndon B Johnson
High School Lyndon B Johnson
Elementary School Lyndon B Johnson
Standard Status Active
Listing Terms Cash Conventional
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ExteriorWaterfront 1
Exterior Features Awning(s) Balcony Barbecue Covered Deck Covered Patio/Porch Gas Grill Rain Gutters Lighting Outdoor Grill Private Entrance Private Yard RV Hookup RV/Boat Parking Stable/Barn Storage Other
Lot Features Acreage Agricultural Cleared Hilly Landscaped Many Trees Oak Pasture Sprinkler System Tank/ Pond Varied Water/Lake View Waterfront
Vegetation Cleared Grassed Partially Wooded
Fencing Fenced Full Gate High Fence Partial Cross Security Wire
Other Structures Barn(s) Bunk House Garage(s) Guest House Residence RV/Boat Storage See Remarks Shed(s) Stable(s) Storage
Lot Size Source Public Records
WaterFront Features Creek Dock – Uncovered
Lot Size Over 100 Acres
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* Excluded FeaturesList ByDavid MurrayListing Agent
Keller Williams RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $172,401
- Monthly Property Taxes
- $1,350
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Dripping Springs, TX
Average List Price $1,152,645
Percent of Sale Price 96%
About Dripping Springs, TX 2,824 Population
82% Since 2002
$ 95,685 Median Income
44.96 Median Age
36% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101984 Elementary School
5136204 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/4/2026 | $28,000,000 | | Listed Price |