Dripping Springs, TX 78620,1020 PURSLEY RD RD

$6,499,998

Est.Price: ?

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Est. payment /mo

1,000 SqFt


SOLD DATE : 10/09/2024

Key Details

Property Type Single Family Home

Sub Type See Remarks

Listing Status Sold

Purchase Type For Sale

Square Footage 1,000 sqft

Price per Sqft $6,197

MLS Listing ID 4023783

Sold Date 10/09/24

Originating Board actris

Year Built 1958

Tax Year 2023

Lot Size 208.000 Acres

Property Description

Introducing Mustang Ranch, just 8.7 miles west of Dripping Springs, Texas! This 208+/- acre ranch features some of the most sought-after features in a Hill Country ranch including big vantage point views, large cliffs, rock formations, waterfront enjoyment, rolling pastures, large grand live oak trees, 5 ponds, a modest ranch house, and is heavily rich in Texas wildlife. Mustang Ranch features 1,650+/- feet of both sides of the spring-fed Mustang Branch which meanders through the ranches northwest side offering big views on the high bank and enjoyment of the creek on the low bank. Scenic open grass fields, large live oak trees, and cedar elm trees next to Mustang branch flow throughout the landscape, adding to the property’s natural charm. A true Hill Country ranch perfect to build your custom home just 15 minutes from downtown Dripping Springs! Ag Tax Exempt in place. Fantastic 1031 property!

WATER: The ranch has 3 out of 5 ponds that currently hold water, two water wells, and 1,650+/- feet of Mustang Branch which feeds into Onion Creek.

TOPOGRAPHY: The ranch offers a wide variation from essentially flat land, to box canyons, to a large ravine/valley. The primary topographic characteristic of the ranch is the Mustang Branch which bisects the ranch in a North to South direction in the northwest corner of the ranch. The highest elevation point is at the South side of the ranch at an estimated 1400 ft and the lowest elevation is at the Northwest corner of the ranch at an estimated 1220 ft. The elevation change between the Mustang Branch and the cliffs that overlook the creek is an estimated 60 ft.

AREA HISTORY: The ranch traces its origins back to the 1800s when it was established by a German cattle ranching family. Today, remnants of the old German ranch house, including its fireplace and chimney, still stand on the property, serving as reminders of its rich history.

This ranch is co-brokered by Ranchland Real Estate and Executive Real Estate Group

Location

State TX

County Hays

Interior

Fireplace N

Appliance Oven

Exterior

Fence Barbed Wire

Community Features None

Utilities Available Above Ground, Electricity Connected, Water Available

Waterfront No

Waterfront Description Creek

View Creek/Stream, Hill Country, Trees/Woods

Porch Porch

Parking Type Garage

Private Pool Yes

Building

Lot Description Bluff, Gentle Sloping, Rolling Slope, Trees-Medium (20 Ft - 40 Ft), Views

Structure Type Brick

New Construction No

Schools

Elementary Schools Dripping Springs

Middle Schools Dripping Springs Middle

High Schools Dripping Springs

School District Dripping Springs Isd

Others

Restrictions None

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Ranchland Real Estate
Bought with Keller Williams Realty
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