Dripping Springs, TX 78620

Just 15 minutes west of Dripping Springs, on the edge of Austin's Hill Country, a rare legacy property unfolds across more than 3,200 breathtaking acres—an extraordinary opportunity to own a true legacy ranch of remarkable scale, beauty, and proximity that is almost impossible to replicate this close to the city. Smaller acreage options available: Mustang Creek Ranch (855 Acres) Mustang Lake Ranch (2,380 Acres) Live water — true, year-round live water — flows directly from springs originating on the ranch itself, winding through valleys shaded by mature oak groves. Dams create expansive bodies of water ideal for fishing, paddle boarding, kayaking, or simply enjoying quiet mornings along the shoreline. An 11-acre spring-fed lake anchors the landscape, complemented by several additional ponds scattered throughout the property. The terrain is as dynamic as it is beautiful. Deep valleys give way to panoramic hilltop views that stretch for miles across the Hill Country. A thoughtfully built internal road system provides excellent access throughout, whether you're heading to a favorite fishing spot, exploring by ATV, or riding horseback across rolling pastureland. A thoughtfully designed trail system could be added to connect the ranch's most scenic features, offering miles of access for equestrian riding, hiking, jogging, mountain biking, and golf cart travel beyond the main roads. Entirely high-fenced and accessed through five separate entrances, the property offers privacy and security rarely found at this scale. The main gate sits just 2.5 miles from Highway 290, crossing a dammed creek that creates yet another striking water feature upon arrival. Despite its seclusion, you're only about 45 minutes from Central Austin and under an hour to Austin-Bergstrom International Airport — close enough for convenience, far enough to feel a world away. At the heart of the ranch, a 7,000+ square-foot primary residence sits prominently on a hilltop, capturing sweeping views in every direction. In excellent condition and full of character, it presents an exceptional opportunity to enjoy as-is or transform into a signature Hill Country estate. Near the creek, two rustic homes offer inviting guest accommodations, while a large equipment barn and a dedicated equestrian barn support ranch operations and recreation alike. Generous pastures make the property equally suited for horses or cattle. Located in Hays County, the ranch is primarily served by Dripping Springs ISD and Johnson City ISD, with portions also within Wimberley and Blanco ISD — offering flexibility for families seeking strong educational options. For the aviation enthusiast, there is potential for a 4,400-foot airstrip, adding another layer of accessibility to an already remarkable retreat. What truly sets this ranch apart is the lifestyle it affords. This is a place where families can gather across generations. Where children grow up fishing in spring-fed waters, riding horses at sunset, and exploring thousands of acres of protected landscape. Where weekends feel like extended vacations, yet downtown Austin's restaurants, business centers, and cultural life remain within easy reach. Just 25 minutes from Texas' fastest-growing vineyard region and under an hour to the Hill Country's most celebrated destinations, the ranch places you at the center of it all — while preserving unmatched privacy behind its gates. Ranches of this magnitude, with true live water and this level of proximity to Austin, rarely come available — and often do not trade again for decades. For those seeking a legacy property, a family compound, or a private Hill Country sanctuary with long-term upside, this offering represents an extraordinary opportunity to own something that simply cannot be recreated. A property of this scope must be experienced in person. Once you tour the land, walk the water, and stand on the hilltops, the vision becomes unmistakable.