For Sale, USD 6,995,000
(Off Market)
5508 W US Hwy 290, Dripping Springs, Texas, United States
Property Type : Farm/Ranch/Plantation
Property Style : Lodge
Build Size : N/A
Land Size : 958,320 ft² / 89,031 m² Convert Land Size
Bedroom : 8
Bathroom : 8
Half Bathroom : 0
MLS#: N/A
Property Description
Welcome to a one-of-kind property experience located 30 miles from downtown Austin. Perched on the top of a hill, this property overlooks canyon topography with Texas Hill Country views as far as the eye can see.
Situated on 22.6 unrestricted acres, the property can be utilized as a private residence, retreat space, wedding + event venue, wellness center & spa, boutique hotel winery, restaurant or development. With roughly 280 feet of HWY 290 frontage ready for a restaurant, winery, tasting room or your dream concept!
The property is currently a vibrant retreat lodge (with casitas and venue), in what is known by Texas Monthly, as the Wedding Capital of Texas. The as-of-yet undeveloped commercial section of the property, (roughly 280 feet on scenic and winding highway 290 frontage), adds imaginative options for an investor.
Unique amenities include a 6,000 sq ft open air flex space used for larger events, gatherings or helicopter pad. Additionally there is a 30,000 gallon rainwater cistern with a backup well, (easily transition-able for an off-grid property), horse trails, a commercial septic, a covered outdoor catering space and a canyon and ravine, ideal for restorative exploring and hiking and further development. Parking currently accommodates 100 vehicles. The property enjoys a wildlife exemption for tax purposes (which took 6years to obtain).
This property is a rarity. It is a design-forward, fully developed lodge with no site restrictions married with commercial viability for one of the Hill Country’s most desirable fairways. It combines water, views, location and collected acreage with the flexibility to further expand the enterprise commercially or simply enjoy the magic for yourself. This is a “MUST be experienced in person” one!