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Active under contract
  • Price cut: $51K (3/6)
    $599,000

    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.
    1358 days
    |
    43
    |
    2
    |

    Zillow last checked:

    Listing updated:

    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

        DateEventPrice
        4/8/2026Contingent$599,000
        Source: Unlock MLS #9540094 Report a problem
        3/6/2026Price change$599,000-7.8%
        Source: Unlock MLS #9540094 Report a problem
        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

        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

        Monthly 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.

        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.

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