6590 US 290
About This Property
The land is beautifully diverse, with a mix of mature oak trees, open pasture, and sweeping Hill Country views. A seasonal tank adds character and potential, while a paved access road ensures convenience.
Ideally located less than 15 minutes from downtown Dripping Springs and under 45 minutes to central Austin, this property combines peaceful rural living with easy access to city amenities.
With light restrictions, the possibilities are truly endless-whether for residential, commercial, recreational, or investment use.
A rare find in a prime location-don't miss it.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 6, 2026 | Listed by Topper Real Estate | $1,499,995 | |
| Listed by Topper Real Estate | |||
| Dec 13, 2024 | In contract | - | |
| In contract | |||
| Nov 7, 2024 | Relisted | $540,000 | |
| Relisted | |||
| Oct 16, 2024 | In contract | - | |
| In contract | |||
| Sep 18, 2024 | Listed by Topper Real Estate | $540,000 | |
| Listed by Topper Real Estate | |||
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This exceptional 12-acre property, located just minutes from Downtown Dripping
Springs, boasts private paved road access and is nestled in one of the most
sought-after areas in Central Texas. Situated just 45 minutes from Austin and about an
hour from San Antonio, the land features stunning panoramic views and beautiful oak
trees, with multiple build sites available. The seller has recently cleared all cedar from
the property, enhancing its natural beauty and maximizing its potential. Electricity is
already on-site, and with minimal restrictions plus no HOA or POA you have the freedom
to bring your dream to life. As the Texas Hill Country experiences rapid growth, this is a
prime opportunity for investment or personal enjoyment. Additional acreage available contact listing agent for details.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017