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Days35Days on Market
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$1,500,000

1850 Pursley Rd, Dripping Springs, TX, 78620

On MarketInfo
Baths0 Bath
RanchRanch

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size25.18 acres

Land Information

APNR144893
Land UseResidential, Misc. Improvements
Legal DescriptionA0366 A0366 - CICERO R PERRY SURVEY, ACRES 25.176 TAX CODES:RSP,SDS
Census Tract010807
Assessed Land Value$1,362,380
Assessed Improvement Value$150
Assessment Year2025

About this property

Tucked along scenic Pursley Road in Dripping Springs, this beautiful 25-acre, unrestricted, wildlife-exempt tract offers the quiet Hill Country setting buyers are looking for, while still keeping them close to the conveniences, restaurants, shops, wineries, schools, and everyday amenities that make Dripping Springs one of the most sought-after areas west of Austin. Thoughtfully improved and fully fenced, the property features high fencing along the southern boundary and ranch fencing along the remaining boundaries. In 2020, approximately $21,000 in new fencing was installed, enhancing the land’s value and functionality. Scattered with large oaks, the land includes a rainwater-fed 1,500-gallon tank to support wildlife, a seasonal pond, and a pole barn with a concrete slab. Power is on the property. The elevation rises toward the back, where a potential build site overlooks the land and captures the peaceful setting. Nearby, the elevated meadow provides beautiful open space that could serve as an outdoor living area. With usable acreage, existing infrastructure, large oaks, and a quiet Hill Country setting already in place, this tract gives buyers the opportunity to shape the property into something truly special. The location adds another layer of value. Pursley Road has the quiet, tucked-away feel buyers want in the Hill Country, yet it remains incredibly connected to Dripping Springs conveniences and Downtown Austin. For buyers seeking even more privacy or a larger Hill Country acreage opportunity, an adjoining 12-acre retreat property featuring a home, guest studios, pool, and a 2,200+ sq ft party barn is available for purchase by a different owner, creating a possible 37-acre assembly. Details are available upon request. This is a rare opportunity to secure a well-located, wildlife-exempt Hill Country property with existing improvements, strong build-to-site potential, beautiful oak trees, and the added possibility of creating a larger Pursley Road offering.

Investor Tools

Property Icon
$1,485,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,485,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,000 /month
Positive
Cash Flow Estimate:
$3,000 /month

Interested in this property?

Mark Clausen

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$624/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$61
$4,270
2025
$1,362,380
$150
$1,362,530
No

Tax History

Year
Tax Paid
Assessed Value
2024
$61
$4,270

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$4,270
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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.

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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

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