Skip main navigation
Active
  • Price cut: $10K (2/4)
    $650,000

    427 Creek Rd, Dripping Springs, TX 78620

    0beds
    0baths
    2.04Acres
    Unimproved Land
    Built in ----
    2.04 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Located in the heart of Dripping Springs, this 2+ acre property offers a truly unique opportunity to own a tract in the middle of town—something that is becoming increasingly hard to find. Tucked along one of the most desirable and convenient streets in the city, this property blends privacy, flexibility, and in-town living. Currently zoned SF-4, the site allows for a personal residence today, making it ideal for those looking to build a custom home while enjoying the benefits of living inside Dripping Springs city limits. Create your dream estate, design a live/work concept, or establish a private compound with room to grow—all while being just minutes from schools, shopping, dining, and daily conveniences. For investors and developers, the upside is compelling. The seller is actively pursuing a zoning change to multifamily, opening the door to the potential for multiple units and long-term income-producing opportunities. Build multiple doors for investment, design a mixed live/work concept, or develop a small multifamily community in one of the fastest-growing markets in Central Texas. With its prime in-town location and strong future development potential, this property is also well-suited for select commercial uses such as boutique retail or office (subject to zoning approval). Opportunities like this—offering acreage, flexibility, and location all in one—are exceptionally rare within Dripping Springs and position the next owner to capitalize on both lifestyle and investment potential.
    1304 days
    |
    73
    |
    5
    |

    Zillow last checked: 8 hours ago

    Listing updated: February 18, 2026 at 02:41pm

    Listed by:

    Josh Friedman (512) 892-9934,

    Friedman Real Estate, Inc. (512) 892-9934,

    Madison Lewis (512) 806-4461,

    Friedman Real Estate, Inc.

    Source: Unlock MLS,MLS#: 9540094MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 0
    • Bathrooms: 0

    Property

    Features
    • Has view: Yes
    • View description: None
    • Waterfront features: Creek, See Remarks
    Lot
    • Size: 2.04 Acres
    • Features: Public Maintained Road, Trees-Medium (20 Ft - 40 Ft)
    Details
    • Additional structures: Shed(s)
    • Parcel number: 1144610000002004
    • Special conditions: Standard

    Utilities & green energy

    • Sewer: See Remarks
    • Water: Public, See Remarks
    • Utilities for property: Electricity Connected, Water Connected, See Remarks

    Community & HOA

    Community
    • Features: None
    • Subdivision: C Jones Sub
    HOA
    • Has HOA: No
    Location
    • Region: Dripping Springs

    Financial & listing details

    • Tax assessed value: $643,810
    • Date on market: 8/3/2022
    • Listing terms: See Remarks
    • Electric utility on property: Yes

    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    2/4/2026Price change$650,000-1.5%
    Source: Unlock MLS #9540094 Report a problem
    12/19/2025Price change$660,000-0.8%
    Source: Unlock MLS #9540094 Report a problem
    12/15/2025Price change$665,000-1.5%
    Source: Unlock MLS #9540094 Report a problem
    12/1/2025Price change$675,000-6.9%
    Source: Unlock MLS #9540094 Report a problem
    4/26/2023Price change$725,000-9.3%
    Source: Unlock MLS #9540094 Report a problem
    2/9/2023Price change$799,000-6%
    Source: Unlock MLS #9540094 Report a problem
    8/3/2022Listed for sale$850,000+70.3%
    Source: Unlock MLS #9540094 Report a problem
    8/9/2021Sold--
    Source: Agent Provided Report a problem
    6/23/2021Listed for sale$499,000+25.1%
    Source: Unlock MLS #3256862 Report a problem
    9/1/2020Listing removed$399,000
    Source: Sky Realty #5071903 Report a problem
    9/4/2019Listed for sale$399,000
    Source: Sky Realty #5071903 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025-- $643,810
    2024$11,225 +3.7%$643,810
    2023$10,828 -0.2%$643,810 +11.8%
    2022$10,848 +66.3%$575,990 +76.4%
    2021$6,522 +12.6%$326,550 +16.2%
    2020$5,794 +219.4%$281,140 +233.3%
    2019$1,814 +8.7%$84,360 +13.8%
    2018$1,669 +0.4%$74,110 +1%
    2017$1,662 +0.2%$73,410
    2016$1,659 +19.1%$73,410 +10.1%
    2015$1,393 $66,700 +8.3%
    2014$1,393 $61,560 +8.7%
    2013-- $56,630
    2012-- $56,630
    2011-- $56,630 +2.8%
    2009-- $55,113 +23.3%
    2007-- $44,710
    2006-- $44,710
    2005-- $44,710 +1%
    2004-- $44,260 -1%
    2003-- $44,710 +24%
    2002-- $36,060 +17%
    2001-- $30,810

    Find assessor info on the county website

    BuyAbility℠ payment

    Estimated monthly payment
    All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
    HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
    Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
    See how much you could borrow to make a competitive offer.

    Boost your down payment with 6% savings match

    Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.

    Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

    Climate risks

    Neighborhood: 78620

    Getting around

    25 / 100
    Car-Dependent
    27 / 100
    Somewhat Bikeable

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Dripping Springs
    • Middle: Dripping Springs Middle
    • High: Dripping Springs
    • District: Dripping Springs ISD

    Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Local experts in 78620

    Similar homes

    Skip to the end of the carouselSkip to the beginning of the carousel