2801 Martin RD, Dripping Springs TX 78620

Off Market

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Ed's Opinion of Value

$606,319 Ed's Estimate: $737,382 $1,065,985

Lowest Comp Recommended List: $723,000 to $752,000 Highest Comp

The comparable sales data (7 recent transactions in 78620) supports an estimated value of $737,382. The data suggests a list price between $723,000 and $752,000 would attract qualified buyers without leaving money on the table. This home's position in the current 78620 market: below the only comparable home currently on the market among comparable properties. Being built in 1992 (15 years older than comps) is factored into the value estimate. Lot size matters here: 18.15 acres versus 3.19 for the typical comp. There are currently 1 similar homes on the market in 78620, ranging from $675,000 to $675,000. Prices in 78620 have fallen 9% over the last 6 months. A similar home at 222 Peabody PL, Dripping Springs TX 78620 carries an adjusted comparable value of $662,766, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus

78620 Market Trends

$585,748 Median Sold Price ▼ 9% 6mo

$241/sqft Median $/SqFt ▼ 4% 6mo

66 days Avg Days on Market 5 days faster

242 homes Active Inventory 4.7 mo supply

97.7% Sale-to-List Ratio

310 Sales (6 months)

$563,190 Tax Assessed (2025)

Recently Sold Comparables

$662,766 adjusted 222 Peabody PL, Dripping Springs TX 78620 3bd / 4.0ba • 2,590 sqft • 3.7 mi Sold 3 months ago

$707,366 adjusted 509 Meadow Oaks DR, Dripping Springs TX 78620 3bd / 3.0ba • 2,342 sqft • 3.7 mi Sold 27 days ago

$609,482 adjusted 311 Harmon Hills CV, Dripping Springs TX 78620 3bd / 3.0ba • 2,423 sqft • 3.4 mi Sold 5 months ago

$1,065,985 adjusted 101 Maheo WAY, Dripping Springs TX 78620 5bd / 2.0ba • 2,604 sqft • 4.1 mi Sold 2 months ago

$606,319 adjusted 175 Bonham CV, Dripping Springs TX 78620 3bd / 2.0ba • 2,560 sqft • 3.3 mi Sold 3 months ago

Currently on Market

$675,000 101 Pioneer TRL, Dripping Springs TX 78620 4bd / 3.0ba • 2,350 sqft • 2.3 mi 107 days on market

3 Beds

3 Baths 3 Full

2,564 Sq Ft

18.15 Acres

1992 Built

2 Garage

About This Property

Exceptional 18.15 acre fenced horse property just minutes from the heart of Dripping Springs. This cleared and beautifully manicured acreage features excellent soil, abundant mature oak trees, and stunning wildflowers each spring—thoughtfully cleared of cedar for open views and usability. The 2,400 sq ft single-story ranch home offers 3 bedrooms three full baths and comfortable country living. Well-maintained in very good condition—move-in ready or ideal for updating and repurposing as a guest house while you build your dream home. 3-stall horse barn and chicken coop. Bring your horses, livestock projects or just enjoy the whitetail deer and songbirds. Agricultural exemption in place for low property taxes. Gated entrance with paved driveway provides privacy and ease of access. Quiet neighbors, peaceful setting, and less than 10 minutes to Downtown Dripping Springs—enjoy the perfect blend of Hill Country serenity and convenience. Preview the others then experience this one. There is truly no comparison in quality of land.

Property Highlights

View Hill Country, Rural, Trees/Woods

Features

Breakfast Bar
Built-in Features
Ceiling Fan(s)
Beamed Ceilings
High Ceilings
Crown Molding
Double Vanity
Eat-in Kitchen
Interior Steps
Kitchen Island
Multiple Dining Areas
Multiple Living Areas
Natural Woodwork
Primary Bedroom on Main
Recessed Lighting
Walk-In Closet(s)

Location

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Schools

School District Dripping Springs ISD

Elementary Walnut Springs

Middle School Dripping Springs Middle

High School Dripping Springs

Property Details

Property Type Residential

Construction Masonry – All Sides, Wood Siding, Stone

Roof Composition, Shingle

Foundation Slab

Levels One

Flooring Carpet, Tile

Cooling Ceiling Fan(s), Central Air, Electric

Heating Central, Electric

Fireplace Living Room, Wood Burning

Exterior Private Entrance, See Remarks

County Hays

MLS # 4265566

Garage 2 spaces (Attached)

Parking 8 spaces: Attached, Direct Access, Door-Single, Driveway, Garage Faces Side, Paved, Side By Side

Windows Blinds, Double Pane Windows

Lot, Outdoor & Utilities

Lot Features Agricultural, Front Yard, Level, Native Plants, Private, Public Maintained Road, Trees-Heavy, Trees-Medium (20 Ft - 40 Ft)

Patio & Porch Covered, Front Porch, Side Porch

Fencing Barbed Wire, Gate, Perimeter

Other Structures Barn(s)

Water Well

Sewer Septic Tank

Utilities Electricity Connected, Sewer Connected, Water Connected

HOA & Community

Community Features None

Tax Information

Annual Taxes (MLS) $9,200 (2025)

Assessed Value $563,190

Exemptions Agricultural

Listing History

MLS# 4265566 59 days

Mar 27, 2026	Off Market
Mar 19, 2026	Pending
Feb 21, 2026	Price Change	$1,575,000
Jan 7, 2026	Listed	$1,600,000

MLS# 1159994 100 days

Oct 31, 2024	Off Market
Jul 23, 2024	Listed		$3,850,000

MLS# 2632806 128 days

Oct 31, 2024	Off Market
Jun 25, 2024	Listed		$1,350,000

MLS# 1203391 76 days

Oct 23, 2023	Off Market
Aug 8, 2023	Listed		$4,950,000

MLS# 3450042 105 days

Aug 7, 2023	Off Market
Apr 24, 2023	Listed		$4,950,000

Frequently Asked Questions About 2801 Martin RD, Dripping Springs TX 78620

When was 2801 Martin RD, Dripping Springs TX 78620 built?

2801 Martin RD, Dripping Springs TX 78620 was built in 1992. It is masonry – all sides, wood siding, stone construction with 2,564 square feet on a 18.15 acre lot.

How much does 2801 Martin RD, Dripping Springs TX 78620 cost?

2801 Martin RD, Dripping Springs TX 78620 sold on March 27, 2026. Contact us for sale price details.

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