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$1,690,000
Est. payment /mo
6,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $281
Subdivision Sawyer Ranch Estates
MLS Listing ID 9151339
Year Built 1994
Annual Tax Amount $2,432
Tax Year 2024
Lot Size 4.686 Acres
Acres 4.686
Property Sub-Type Multi Family
Source actris
Property Description
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, 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 In 2021, previous subdivision deed restrictions were rescinded, leaving the land free of restrictive covenants and open to a variety of potential uses.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.
Location
State TX
County Hays
Interior
Heating Central
Cooling Central Air
Flooring Laminate, Tile, Wood
Fireplace No
Exterior
Utilities Available Electricity Connected, Water Connected
Total Parking Spaces 20
Building
Foundation Slab
Sewer Septic Tank
Water Public
Structure Type See Remarks
New Construction No
Others
Special Listing Condition Standard
Virtual Tour https://www.virtuance.com/listing/14200-saywer-ranch-rd-dripping-springs-texas
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Listed by Keller Williams - Lake Travis