Commercial and Residential Opportunity · Dripping Springs ETJ
Dripping Springs, Texas
51.841 acres where the Hill Country meets one of the fastest growing corridors, with 24.631 acres that may be used for commercial purposes, seen from Highway 290 and set gracefully apart from it.
I · The Property
With visibility and access from Highway 290, 400 S Canyonwood sits in full view of one of the Hill Country's busiest and fastest growing corridors. The commercial acreage, 24.631 acres that may be used for commercial purposes, is ready for retail, office, mixed use, or the vision that has been waiting for the right ground.
And here is what sets it apart. The property offers the perfect combination: visibility from 290, yet set off the main highway, positioned to serve a more refined Hill Country commercial development where arrival and setting are part of the experience.
The remainder of the property is residential, giving the full 51.841 acres a rare balance: corridor presence in front, Hill Country behind. The land is ag exempt, offers subdivision potential, and is accessed from two points of entry, S Canyonwood Drive and Hays Country. Seller financing is available.
City water lines are actively extending along this stretch of the corridor. For current progress on water service and zoning updates in the area, visit the City of Dripping Springs Planning and Development Department.
Just the perfect amount of visibility from 290, without being on 290.
II · The Land
This is a wonderful residential and commercial purpose opportunity in one setting. The survey draws the story in a single line: 24.631 acres within 2,000 feet of Highway 290 may be used for commercial purposes, while the Hill Country acreage behind it remains residential. Three tracts of 48.034, 2.11, and 1.697 acres combine for the full 51.841 acres, offered as a whole, with access from two areas, S Canyonwood Drive and Hays Country.
Illustrative diagram, not to scale. Acreage and building line per survey by James E. Garon & Associates, revised 2026. Total property of 51.841 acres includes additional tracts per survey. Permitted uses to be independently verified with the City of Dripping Springs.
III · Within Five Miles
Dripping Springs has earned its name as a Hill Country destination: the historic charm of downtown Mercer Street, award winning wineries and distilleries, established communities, and a corridor investing in its future. The highlights below sit within five miles of the property.
A curated selection of nearby landmarks and developments, not a complete inventory. Additional projects in motion nearby include Double L Ranch, planned for more than 2,200 homes near Ranch Road 12, and announced national retail. Distances are approximate, measured direct. Growth figures reflect public reporting and city records at time of preparation.
IV · The Position
A selection of the corridor's active commercial listings, each within approximately three miles of 400 S Canyonwood, and a picture of what makes this property stand apart.
A representative selection of active listings, not a complete inventory of the market. Distances are approximate, measured direct from 400 S Canyonwood. A further US Highway 290 frontage listing (000 US 290, approximately 4 acres, asking $3.5M) will join the map once its location is confirmed. 100 FM 165 near Henly, 16.08 acres, sits 10.8 miles west and is noted for market context. Information gathered from sources deemed reliable but not guaranteed; asking prices and availability subject to change.
V · The Value Story
The listings sampled around 400 S Canyonwood suggest a clear pattern.
The range of current asking prices among the active listings mapped near 400 S Canyonwood, setting aside one small improved lot whose per-acre figure sits well above the rest.
VI · The Vision
Visibility with setting builds places people choose. Retail, wellness, hospitality, gathering: the ideas below are a beginning, not a boundary. With commercial ground in front, residential acreage behind, and the Hill Country all around, this land was made for the vision that finds it.
Design-forward shops and dining arranged around arrival, with 290 signage doing the inviting.
Calm, composed, and easy to reach, with room for phased growth behind the first buildings.
The Hill Country formula: turn off the highway, follow the drive, and stay the afternoon.
Scale and seclusion together, minutes from town, with the residential acreage as its backdrop.
Estate homesites shaped by the land, with Hill Country privacy behind and the corridor's conveniences minutes away.
A quiet arrival off the highway, rooms among the oaks, and the kind of setting guests return for.
And so much more.
Private Inquiries
Diane Rose Prince
Realtor · Christie's International Real Estate Lone Star
Call or text 512.202.8811
diane@dianeprince.com
www.dianeprince.com
Christie's International Real Estate Lone Star
1105 N Lamar Blvd, Ste 100, Austin, TX 78703
Inquiries welcome by text or email. Shown by appointment. Survey, title commitment, and corridor insight available upon request.
Documents
Buyer to verify all information independently. The following documents are provided for review and are part of every showing and offer conversation.
For water line progress and zoning updates near the property, visit the City of Dripping Springs Planning and Development Department.