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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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400 W Old Hwy 290 , Dripping Springs, TX 78620
$13,900,000
Est. Payment: $69,949.90/mo
0 Bed
0 Bath
18060 Sqft
Status: active | Days on site: 398
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jeannette Spinelli
Broker Associate & Founder
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House Description

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.
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Highlights

Listed by David Foster , (512) 751-1100 David Foster, Broker , (512) 751-1100. Austin MLS mls logo

Property Type

Commercial Sale
Lot/Acreage
22.71

Year Built

2001

County

Hays

Area

HD

 Neighborhood

Philip A Smith Survey

Listing ID

9156164

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Floor:Tile,Vinyl
Other:Public

Exterior Features

Lot:Trees Medium Size
Zoning:CS - Commercial Zoning
Others:Updated/Remodeled
Sewer:Aerobic Septic
Parking Features:Asphalt,Gated
Principal Interest
$69,950
Taxes
$8,861

Home Price

$13,900,000

Loan Details

30 yrs
6.454%

Down Payment

20%
$2,780,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$69,949.90

Principal

Taxes

Principal Taxes HOA Total
Monthly $69,949.90 $8,861.25 $0.00 $78,811.15
Yearly $839,398.81 $106,335.00 $0.00 $945,733.81
Total $25,181,964.26 $3,190,050.00 $0.00 $28,372,014.26

Today's Rates

30 Year

6.45%

20 Year

6.2%

15 Year

5.87%

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Market insight data is pulled from the same city as the listing being viewed (Dripping Springs, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Data last updated: 2026-07-19T19:31:28.000Z

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