Dripping Springs Land Offering
For sale640 Village Grove Parkway, Dripping Springs, TX 78620
Property type
Land
Price
$3,750,000
Lot size
5.00 acres
Property description
Franklin Street is pleased to present 640 Village Grove Parkway, a ±5.00-acre tract strategically positioned at the heart of Dripping Springs, Texas. The property offers a rare combination of roadway frontage along Village Grove Parkway, existing residential infrastructure, approved wastewater allocations, multiple water service connections, and a highly advantageous location directly across from Village Grove, a master-planned residential community being developed by Taylor Morrison. The property features more than ±1,000’ feet of landscaped frontage and two future street intersections along Village Grove Parkway, providing exceptional visibility and a prominent position within one of Dripping Springs’ key growth and transportation corridors. Directly across from the site, Village Grove represents the City’s commitment to future residential and commercial investment in the area. Taylor Morrison is actively developing and selling homes within the community, with multiple phases of residential development underway. The ±5-acre property is well suited for an investor or developer seeking to establish a presence along an increasingly developed portion of Village Grove Parkway. Current residential use of the property includes an on-site well, county-permitted on-site septic systems and is approved by city ordinance for 3 water supply connections and 3 LUEs of future wastewater service. With significant Village Grove Parkway frontage, direct proximity to an active master-planned community, and existing residential infrastructure, 640 Village Grove Parkway represents an opportunity to acquire and hold a strategically located tract positioned for future growth and evolution of Dripping Springs.
Property highlights
- ±5-Acre Development Opportunity in a rapidly growing Dripping Springs corridor
- Directly Across from Village Grove, a Taylor Morrison master-planned residential community
- ±1,000’ ft of frontage along Village Grove Parkway providing exceptional visibility and strategic location advantages
- Existing and pre-approved Water + Wastewater Connections supporting future development potential
- Existing Improvements including two residences, 6,000 gallons of water storage, a TCEQ-permitted well, and a large barn, providing interim utility during a prolonged holding period
- At the center of Dripping Springs and adjacent to a major master-planned community, this property is also well served by local recreation, retail, and schools in the immediate area