1451 Springlake Dr Dripping Springs, TX 78620
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.