Prime Investment Opportunity on 4.69 Acres in Dripping Springs! Well-located on Sawyer Ranch Road, this property offers exceptional potential as a residence, an income-generating asset, or possible redevelopment. Currently served by septic and WTCPUA water, improvements include a 3,251 SF primary home built in 1994 with 3 bedrooms, 3.5 baths,… Read More and a combination of stone and siding exterior. Additionally, a 1,938 SF guest cottage has 3 bedrooms and 3 baths, providing flexibility for multi-generational living or rental income. Currently, the property generates revenue through 4 rental units—two operating as short-term Airbnb rentals and two leased to long-term tenants, excluding the main residence. With US 290 approximately 1.5 miles to the north, the property boasts convenient access to Austin and the Hill Country. The two large master-planned communities of Belterra and Highpointe sit approximately 2 and 3 miles away respectively, as well as many others within a 5-mile radius. HEB is 4 miles to the east, and the airport is a 25-mile drive. Looking for a fun night out in Austin? Downtown is easily accessible with an approximate 20-mile drive. Strategically located within the Dripping Springs ETJ, the property is not subject to zoning restrictions, presenting a unique redevelopment opportunity. In 2021, previous subdivision deed restrictions were rescinded, leaving the land free of restrictive covenants and open to a variety of potential uses. Whether you're looking for a personal residence with supplemental income, a long-term investment, or a redevelopment opportunity in a high-demand area, this property offers versatility and significant upside potential. Read Less
Property listed by Keller Williams - Lake Travis 512-263-9090 (512) 940-0565
Listing Snapshot
Days Online
145
Last Updated
Property Type
MultiFamily
Square Ft.
6,000
Lot Size
4.69 Acres
Year Built
1994
MLS Number
9151339
Additional Details
Building
Built in 1994, 6000 total building sqft, No Loading
Disclosures
Seller Disclosure
Floors
Laminate, Tile, Wood
Foundation
Slab
Heating
Central
Income
Gross Scheduled Income: 0
Lot
4.686 acres, Area: 4.686
Parking
Drive Through, Driveway, Unpaved
Property
5 buildings, Resale
Sewer
Septic Tank
Taxes
Annual Amount: $2,432, Year: 2024
Utilities
Electricity Connected, Water Connected
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