• 697 days on site
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22.7 acres comprised of 2 lots directly across from Dripping Springs High School, with an incredible approximate 2,700' combined frontage on the new Roger Hanks Parkway extension linking busy RR 12 to bustling Hwy 290, and along Old U.S. 290. There is city water on the property. The facility and house are on septic. The property has 63 LUEs assigned by the city, with a potential for 30 additional LUEs once the city sewer reaches it. There is a well-built 16,006 SF facility recently vacated by a private school. The facility was formerly used as a memory care center, so it could be used for assisted living, memory care, rehab, mini-hospital, office, wellness center, or other. This facility has 17 rooms, 22 bathrooms (including 4 showers), a large dining room and kitchen, a large fitness room, plus many meeting rooms, waiting rooms, offices, and courtyards. This beautiful acreage is home to deer and other wildlife right in the heart of booming Dripping Springs, near Austin. The seller maintains a wildlife tax exemption. The property is zoned commercial and could potentially be used as multi-family. This property also includes a 2054 SF house, which is leased to a private school, and a large metal building with an office. This property is optimally located with 22.7 acres and approximately 2,700 feet of frontage in very central Dripping Springs. The seller was approached by a popular hospital to build-to-suit a physical rehab center along Roger Hanks. This could be a winning option for a section of the frontage, but many options are possible. Owner/Broker.

Source: Austin MLS, MLS#: 9156164

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  • Property Type
    Commercial Sale
  • Lot
    22.71 acres

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Pamela Buske

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 400 W Old Hwy 290


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/20/2026Source: Austin MLS Added to Database
April 20, 2026
4/17/2026Source: Austin MLS Status Change
Active
8/1/2025Source: Austin MLS Status Change
Pending
6/17/2025Source: Austin MLS Price Reduction
$13,900,000 -4.1%
8/1/2024Source: Austin MLS Added to Database
August 01, 2024
Listing provided courtesy of David Foster, Broker- MLS# 9156164MLS Provider