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    1451 Springlake Dr Dripping Springs, TX 78620

    For Sale
    $725,000

    Prime 8-acre residential lot, near Austin.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8.05-acre tract of land presents a unique investment opportunity in the desirable Springlake Subdivision of Dripping Springs, Texas. Located just off RR 12 and a convenient 30-minute drive from Austin, this property offers a tranquil setting abundant with mature trees. The land is currently undeveloped, providing a blank canvas for a variety of projects. The property's zoning and potential for subdivision into smaller lots for single-family homes makes it ideal for developers seeking a boutique residential development. City water is available, simplifying infrastructure considerations. The asking price is $725,000, translating to approximately $97,515.53 per acre. The property's APN is 1180700000047004. Situated in Hays County, Texas, with a Dripping Springs address (1451 Springlake Dr, zip code 78620), this location offers a blend of rural serenity and proximity to Austin's vibrant city life. This large parcel of land presents a compelling opportunity for those seeking a private estate or a lucrative development venture. The natural beauty and convenient location combine to create a truly exceptional property. Serious inquiries are encouraged.

    Property Features for 1451 Springlake Dr

    General Information

    Property type
    Land
    Lot Size
    350,658 SF

    HighLights

    • 8.05‑acre tract in desirable Springlake Subdivision, Dripping Springs, TX.
    • Conveniently located off RR 12, 30 minutes from Austin.
    • Undeveloped land ideal for residential subdivision or private estate.
    • City water available.
    • Priced at $725,000 ($97,515.53/acre).
    • APN: 1180700000047004, Address: 1451 Springlake Dr, Dripping Springs, TX 78620.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Wholesale Shop Hotel & Motel Kitchen & Bath Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dripping Springs
    County
    Hays
    State
    Texas
    Longitude
    -98.1009854
    Latitude
    30.2225092

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    FAQs

    What type of property is this?
    Land - Prime 8-acre residential lot, near Austin.
    Where is this land 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.
    What are key features of this property?
    This property features: 8.05-acre tract in desirable Springlake Subdivision, Dripping Springs, TX.; Conveniently located off RR 12, 30 minutes from Austin.; Undeveloped land ideal for residential subdivision or private estate.
    Request Owner's contact information
    1451 Springlake Dr Dripping Springs, TX 78620
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1451 Springlake Dr Dripping Springs, TX 78620
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