Description
This property was originally used as a memory care facility with all the appropriate ADA accommodations. This listing includes 4 acres, but additional acreage can be sold with it. The build-out of this facility is attractive with a stunning entryway, lovely covered patios, courtyards, and several shared community areas. 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. Previous consultant indicated that this facility could accomodate 30+ beds for a memory care center with slight modification. At today's rates, that could bring $300K per month of gross revenue. This is beautiful acreage with many mature oaks right in the heart of booming Dripping Springs, near Austin. It could be used for assisted living, memory care, rehab, a mini-hospital, an office, a wellness center, a lab, or other uses. There are so many opportunities for significant gain for the right buyer with this property. Dripping Springs is growing rapidly, having doubled in size over the past 5 years. Several large housing developments have gone in or are under construction in the near area. Being close to Austin, the buyer's clientele could come from Austin and other surrounding areas. The entire 22.7 acres is available for $13,900,000. For the purchase of the entire property, the seller is willing to owner-finance at an attractive rate with 40% down payment.
Details
| MLS # | 2268955 |
|---|---|
| Listing Type | For Sale |
| Style | See Remarks |
| Sub-Type | Resale |
| Status | Active |
| Year | 2001 |
| Days On Site | 99 |
| Listing Provided By | David Foster, Broker | David Foster |
Features
| SQ Feet | 16,006 |
|---|---|
| Building(s) | 1 |
| Zoning | CS-Commercial Zoning |
| Acreage | 4.00 |
Interior
| Heating | Central, Electric |
|---|---|
| Flooring | Tile, Vinyl |
Exterior
| Topography | Gently sloping, mostly flat |
|---|---|
| Construction Materials | Concrete, Glass, Masonry – Partial, Cement Siding |
Parking
| Parking Features | Enclosed, Off Street, On Site, Open, Parking Lot, Paved |
|---|
Utilities
| Utilities | Electricity Connected, Phone Available, Water Connected |
|---|---|
| Sewer | Engineered Septic |
Other
| List Aor | Austin Board Of Realtors |
|---|
Area Information
| County | Hays |
|---|---|
| City | Not Provided |
| Area | HD |
| Community Name | Phillip A Smith Survey |
| Listing VS Median (in Phillip A Smith Survey) | |
Price: $6,000,000 low | high Med: $6,000,000 sqft: 16,006 low | high Med: 16,006 $ / sqft: $375 low | high Med: $375 On site: 99 low | high Med: 99 | |
Market Activity
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 27, 2026 at 1:08:36 AM PDT 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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| County | Hays |
|---|---|
| City | Not Provided |
| Area | HD |
| Community Name | Phillip A Smith Survey |
| Listing VS Median (in Phillip A Smith Survey) | |
Price: $6,000,000 low | high Med: $6,000,000 sqft: 16,006 low | high Med: 16,006 $ / sqft: $375 low | high Med: $375 On site: 99 low | high Med: 99 | |
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