1451 Springlake Dr, Dripping Springs, TX 78620

Listing Agency: Stanberry Commercial

Listed By: Scott Daves · License TX #470497

Source: Crexi

Added: Aug 9, 2023 Changed: Oct 25 Last Checked: Aug 25 at 4:10AM

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Investment Insights

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This 8.05-acre tract is located just outside of Dripping Springs off RR 12, approximately 30 minutes from Austin. Situated in the Springlake Subdivision, the raw land features an abundance of trees, creating a natural environment. The property has the potential to be subdivided into smaller lots for single-family homes. City water is available. This property may be suitable for a private estate or a residential lot development.

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Suggested Use

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Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

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8

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Demographics for 78620, TX

20,493

Population

7,929

Households

2.6

Avg Household Size

43

Median Age

62%

College-Educated

97%

High-School Grad

175.6 sq mi

ZIP Area

117

Density / Sq Mi

$146,551

Median Household Income

$58,583

Median Earnings

$1,674

Median Rent

$624,800

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - 8.05-acre tract suitable for residential development near Dripping Springs.

Where is this residential land & home lot located?

The property is located at 1451 Springlake Dr Dripping Springs, TX.

What is the asking price?

The asking price for this property is $725,000.