5508 Us-290 Dripping Springs, TX 78620

This exceptional 22.6-acre property in Dripping Springs, Texas, presents a unique investment opportunity. Located just 30 miles from Austin, this hilltop estate boasts breathtaking Texas Hill Country views and roughly 380 feet of US-290 highway frontage. Currently operating as a thriving retreat lodge with casitas and event venue space, the property offers ultimate flexibility. A 6,000 sq ft open-air flex space caters to large events, while existing infrastructure includes a 30,000-gallon rainwater cistern with backup well, commercial septic system, parking for 100+ vehicles, and a helipad. The undeveloped commercial section along Hwy 290 presents significant development potential for a restaurant, winery, or other commercial venture. Additional amenities include horse trails, a covered outdoor catering space, and a canyon ideal for hiking. The property benefits from a wildlife tax exemption and is outside the extraterritorial jurisdiction (ETJ), eliminating permit requirements for many development projects. This turnkey operation combines existing revenue streams with substantial future growth potential, making it a truly rare and desirable investment in one of Texas's most sought-after locations. The property is easily adaptable for residential or commercial use, offering unparalleled versatility and a remarkable return on investment.