$746,060
2501 Old Red Ranch RD, Dripping Springs, TX, 78620
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Butterfly Ridge Ranch is a slice of Hill Country heaven with long-distance views from the 35 unrestricted acres. This wildlife-exempt gentleman's ranch offers an escape from the hustle and bustle of the city without spending half the day getting there. This picturesque escape right outside Austin, Texas, is in the beautiful hill country of Dripping Springs. There are views for miles and lovely level pastures for horses. There is also a charming cabin, sauna outbuilding, outdoor showers, bathroom facilities, pavilions, a deep well, and a septic on the property. This unrestricted land affords a multitude of uses. Several gorgeous build sites with long-distance views are perfect for your dream home, generational compound, or maybe build additional STRs. With the privacy that comes from being surrounded by larger acreage tracts. It is one of a few remaining unrestricted, large tracts like this available in the area. When you think it couldn't get any better, the property is currently under a Wildlife exemption keeping the property taxes very reasonable. The property has a charming two-bedroom cabin if you're looking for a weekend getaway. If you want some help paying for the ranch, the cabin is functioning as a short-term rental bringing in nearly $40k in 2021. The 647+/- tiny house can sleep 6 with one bedroom + loft bedroom and full bathroom. There is even an enclosed outdoor shower and laundry facility. The property would also make a fantastic wedding venue with existing pavilions and bathroom facilities in place. Or perhaps a recreational ranch for family and friends to enjoy for years to come. Close to nearby attractions like Pedernales State Park and located just west of Dripping Springs, along the 290 corridor for easy access to unique shopping, food, and beverages. Zoned to the award-winning Dripping Springs school district
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Dripping Springs
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