Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Street View of property
Street View
Days40Days on Market
Views4view

$50,000,000

0000 FM 165, Dripping Springs, TX, 78620

On MarketInfo
Baths0 Bath
RanchRanch

About this property

Just 15 minutes west of Dripping Springs, on the edge of Austin's Hill Country, a rare legacy property unfolds across 2,300+ breathtaking acres — a ranch of scale, beauty, and proximity almost impossible to replicate this close to the city. An additional 855+/- acres are available for a total of 3,200+/- acres. Live water — true, year-round live water — shaded by mature oak trees. Ideal for fishing, paddle boarding, kayaking, or simply enjoying quiet mornings along the shoreline. An 11-acre spring-fed lake anchors the landscape, complemented by several additional ponds scattered throughout the property. The terrain is equally dynamic — deep valleys give way to panoramic hilltop views stretching for miles. A well-built internal road system provides excellent access for ATVs, horseback riding, and exploration. Entirely high-fenced with four separate entrances, the main gate sits just 2.5 miles from Highway 290. Despite its seclusion, you're only ~45 minutes from Central Austin and under an hour to Austin-Bergstrom International Airport. Located in Hays County, the ranch is primarily served by Dripping Springs ISD and Johnson City ISD, with portions in Wimberley and Blanco ISD. The property also offers potential for a 4,400-foot airstrip — just 25 minutes from Texas' fastest-growing vineyard region and under an hour to the Hill Country's most celebrated destinations. Ranches of this magnitude — with true live water and this proximity to Austin — rarely come to market and often do not trade again for decades. An extraordinary opportunity to own a legacy property or private Hill Country sanctuary that simply cannot be recreated.

Investor Tools

$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$300,000 /month
Positive
Cash Flow Estimate:
$100,000 /month

Interested in this property?

Dave Murray

Keller Williams Realty

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Dripping Springs

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

0000 FM 165 | Property Details | No Agent List