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Property Description
An exceptional opportunity to acquire one of the Texas Hill Country's most distinctive commercial properties along the highly desirable Highway 290 corridor in Dripping Springs. Situated on approximately 1.573 acres with outstanding highway visibility and approximately 35,703 vehicles passing daily (2024 TxDOT AADT), this remarkable property offers exceptional exposure, timeless character, and incredible flexibility in one of Central Texas' fastest-growing commercial markets. Originally handcrafted in 1997 using environmentally conscious building practices, the approximately 5,000-square-foot building features a durable metal frame and roof, straw bale and stucco construction for natural insulation, concrete floors, and a 40,000-gallon rainwater collection system. Towering oak and juniper trees create an inviting outdoor setting ideal for patios, food trucks, outdoor dining, special events, community gatherings, or future expansion. Located in the Dripping Springs ETJ with West Travis water available at the site, Aquadrip septic, propane, Pedernales Electric, and approximately 28-30 on-site parking spaces, this property is well suited for a wide variety of commercial uses. Ideal for a restaurant, brewery, winery or tasting room, coffee house, food truck venue, event center, wellness or medical practice, professional offices, coworking space, boutique retail, art gallery, educational facility, nonprofit headquarters, or a one-of-a-kind destination business. Positioned near Belterra Village, H-E-B, Home Depot, established neighborhoods, and where the future Target store is currently under development, this property is exceptionally positioned to benefit from continued commercial investment and population growth along the Highway 290 corridor. Whether you're an investor, owner-user, or visionary entrepreneur, this is a rare opportunity to establish a landmark destination in one of the Texas Hill Country's most dynamic and rapidly expanding commercial corridors.
Full Property Details
Full Property Details for 4002 E Hwy 290 Hwy
General
- Price: $2,250,000
- Taxes: $23,231 (2025)
- Status: Active
- Type: Business
- Source: Austin_MLS
- MLS ID: 1283347
- Updated: 7/9/2026
- Added to Site: 6 day(s) ago
Rental Information
- Lease Info: Full Service
Interior
- Flooring: Concrete
Additional Information
- Security/Safety: None
Parking
- Total Spaces: 30
- Parking Features: Gravel, On Site, Parking Lot, Private
Location
- Area: HD
- County: Hays
- Subdivision: Sunset Canyon Sec Ii-C
- Building Name: Sententia Vera Cultural Hub
- Driving Directions: Located at the SE corner of Highway 290 and Sunset Canyon Drive, between Dripping Springs and Austin.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Hot Water
Utilities
- Sewer: Septic Tank
- Water: Municipal Utility District
- Cable Available: Yes
- Utility Description: Above Ground Utilities, Cable Available, Cable Connected, Electricity Connected, High Speed Internet Available, Phone Connected, Water Connected
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Natural Building, Concrete, Plaster, Recycled/Bio-Based Insulation, Stucco, Straw
- Square Feet: 5,000
- Sq. Ft. Source: Estimated
- Current Bldg. Use: Commercial, Medical/Dental, Office, Retail
- Year Built: 1997
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 1.573
- Lot Size (Sq. Ft.): 68,519.88
Green Features
- Energy Efficient: Construction, Insulation, Materials, Sustainability
- Sustainability: Recycled Materials
Financial Considerations
- Assessment Amount: $1,420,594
- Tax Amount: $23,231.54
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: See Remarks
- Legal Description: SUNSET CANYON SEC II-C LOT 2 1.573 AC
- Disclosures/Reports: See Remarks
- Property ID: 1185100000002004
- Lot Number: 2
Listed by Sky Realty
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Schools
Schools serving 4002 E Hwy 290 Hwy
School District:Dripping Springs Independent School District
| Name | Grades | Distance |
|---|---|---|
Dripping Springs Elementary School 29400 Ranch Road 12, Dripping Springs, TX 78620 | PK-5 | 4 mi |
Dripping Springs Middle School 111 Tiger Lane, Dripping Springs, TX 78620 | 6-8 | 5.8 mi |
Dripping Springs High School 940 W Hwy 290, Dripping Springs, TX 78620 | 9-12 | 4.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4002 E Hwy 290 Hwy
Date
Details
Price
Change
Source
7/08/2026
Listed
$2,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4002 E Hwy 290 Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2024
$20,906
-5%
$1,420,594
6%
2023
$21,961
6%
$1,336,665
-8%
2022
$20,791
—
$1,454,330
19%
2022
$20,791
34%
$1,219,000
42%
2021
$15,543
—
$860,000
3%
2020
$15,599
76%
$833,780
85%
2019
$8,852
-5%
$451,530
—
2018
$9,311
3%
$451,530
4%
2017
$9,020
4%
$434,960
5%
2016
$8,656
—
$414,260
—
2015
$8,665
—
$414,260
—
2014
$8,672
-3%
$414,260
-4%
2013
$8,940
—
$433,420
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4002 E Hwy 290 Hwy
4002 E Highway 290 Highway, Dripping Springs, TX 78620 (MLS# 1283347) is a Business property. 4002 E Highway 290 Highway is currently listed for $2,250,000 and was received on July 08, 2026. Want to learn more about 4002 E Highway 290 Highway? Do you have questions about finding other Business real estate for sale in Dripping Springs? You can browse all Dripping Springs real estate or contact a Coldwell Banker agent to request more information.

