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.
Lot/land
$28,000,000
Dripping Springs, TX 78620
--beds
--baths
855Acres
Unimproved Land
Built in 2008
855 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 127 days
- 434
- 22
Zillow last checked:
Listing updated:
Listed by:
David Murray 0340639,
Keller Williams Realty 512-448-4111
Source: NTREIS,MLS#: 21291824
Facts & features
Interior
Heating
- Central, Electric, Fireplace(s)
Cooling
- Central Air, Ceiling Fan(s), Electric
Features
- Has fireplace: Yes
Video & virtual tour
Property
Parking
- Parking features: Boat, RV Access/Parking
Features
- Patio & porch: Balcony, Covered, Deck
- Exterior features: Awning(s), Balcony, Barbecue, Deck, Gas Grill, Lighting, Outdoor Grill, Other, Private Entrance, Private Yard, Rain Gutters, RV Hookup, Storage
- Fencing: Fenced,Full,Gate,High Fence,Partial Cross,Security,Wire
- Has view: Yes
- View description: Water
- Has water view: Yes
- Waterfront features: Boat Dock/Slip, Creek, Waterfront
Lot
- Size: 855 Acres
- Features: Acreage, Agricultural, Cleared, Hardwood Trees, Landscaped, Pasture, Pond on Lot, Rolling Slope, Many Trees, Sprinkler System, Waterfront
- Topography: Hill,Varied
- Residential vegetation: Cleared, Grassed, Partially Wooded
Details
- Additional structures: Bunkhouse, Garage(s), Guest House, Residence, RV/Boat Storage, Shed(s), See Remarks, Storage, Barn(s), Stable(s)
- Parcel number: See Agent
- Zoning description: NA
- Horses can be raised: Yes
- Horse amenities: Barn, Hay Storage, Stock Pen(s), Stable(s), Tack Room, Wash Rack
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Septic Available, Water Available
Community & HOA
Community
- Subdivision: Na
HOA
- Has HOA: No
Location
- Region: Dripping Springs
Financial & listing details
- Annual tax amount: $16,200
- Date on market: 6/4/2026
- Cumulative days on market: 128 days
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2025 | Listed for sale | $28,000,000 |
Source: REALSTACK #84670 Report a problem | ||
| 8/16/2025 | Listing removed | $28,000,000 |
Source: | ||
| 5/1/2025 | Listed for sale | $28,000,000+273.3% |
Source: NTREIS #20900117 Report a problem | ||
| 12/22/2012 | Listing removed | $7,500,000 |
Source: Coldwell Banker United, Realtors #9581169 Report a problem | ||
| 10/27/2012 | Listed for sale | $7,500,000 |
Source: Coldwell Banker United, Realtors #9581169 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 78620
Nearby schools
Schools provided by the listing agent
- Elementary: Lyndon B Johnson
- Middle: Lyndon B Johnson
- High: Lyndon B Johnson
- District: Johnson City ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

