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.
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
- 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#: 9540094
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
| Date | Event | Price |
|---|---|---|
| 2/4/2026 | Price change | $650,000-1.5% |
Source: | ||
| 12/19/2025 | Price change | $660,000-0.8% |
Source: | ||
| 12/15/2025 | Price change | $665,000-1.5% |
Source: | ||
| 12/1/2025 | Price change | $675,000-6.9% |
Source: | ||
| 4/26/2023 | Price change | $725,000-9.3% |
Source: | ||
| 2/9/2023 | Price change | $799,000-6% |
Source: | ||
| 8/3/2022 | Listed for sale | $850,000+70.3% |
Source: | ||
| 8/9/2021 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 6/23/2021 | Listed for sale | $499,000+25.1% |
Source: | ||
| 9/1/2020 | Listing removed | $399,000 |
Source: Sky Realty #5071903 Report a problem | ||
| 9/4/2019 | Listed for sale | $399,000 |
Source: Sky Realty #5071903 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
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Neighborhood: 78620
Nearby schools
GreatSchools rating
- 9/10Walnut Springs Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 7/10Dripping Springs Middle SchoolGrades: 6-8Distance: 1.4 mi
- 7/10Dripping Springs High SchoolGrades: 9-12Distance: 0.6 mi
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.







