Property profile

310 Old Park Rd Dripping Springs, TX 78620

OFF-MARKET
Land
22 ac lot
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Property summary

AI-generated overview

This exceptional 22-acre commercial property in Dripping Springs, Texas, presents a unique investment opportunity. Located at 310 Old Park Rd, 78620, this land boasts a tranquil setting while enjoying convenient proximity to downtown Dripping Springs (12 minutes) and Johnson City (16 minutes). The property benefits from an agricultural exemption and is surrounded by larger acreage tracts, ensuring privacy and a peaceful atmosphere. An existing rock home on the site offers a charming foundation for renovation or repurposing, potentially into a luxurious retreat or a unique short-term rental catering to the thriving wedding and event industry in the area. Its proximity to wineries and distilleries further enhances its appeal to tourists seeking memorable experiences. Beyond short-term rentals, the expansive acreage is ideal for a family compound, allowing for the construction of additional residences or the creation of shared recreational spaces. The property provides easy access to the scenic Hill Country landscapes, hiking trails, and waterways, offering the best of both small-town charm and convenient access to amenities, restaurants, and local businesses. This property offers unlimited potential for development, creating a dream home, a lucrative rental business, or a cherished family legacy. The asking price is $950,000.

Property profile

Verified
Property type Land
Lot 22 ac (958,320 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

310 Old Park Rd Dripping Springs, TX 78620
Dripping Springs metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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