Introducing Mustang Branch 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 Branch 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!
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
* Price is not available or MLS listing is off market.
Year
Property tax
Land + Additions
Assessment*
2025
$497 (+4.6%)
$25,380 + $5,000
$30,380
2024
$475 (+3.6%)
$25,380 + $5,000
$30,380
2023
$459 (+1.5%)
$25,380 + $5,000
$30,380
2022
$452 (+58.8%)
$21,510 + $5,000
$26,510
2021
$285 (+6.0%)
$10,750 + $5,000
$15,750
2020
$269 (+6.7%)
$9,360 + $5,000
$14,360
2019
$252 (−89.1%)
$7,840 + $5,000
$12,840
2018
$2,318 (+27.8%)
$7,350 + $105,040
$112,390
2012
$1,814
Tax history for 1020 Pursley Rd
Year
Property tax
Land + Additions
Assessment*
2025
$497 (+4.6%)
$25,380 + $5,000
$30,380
2024
$475 (+3.6%)
$25,380 + $5,000
$30,380
2023
$459 (+1.5%)
$25,380 + $5,000
$30,380
2022
$452 (+58.8%)
$21,510 + $5,000
$26,510
2021
$285 (+6.0%)
$10,750 + $5,000
$15,750
2020
$269 (+6.7%)
$9,360 + $5,000
$14,360
2019
$252 (−89.1%)
$7,840 + $5,000
$12,840
2018
$2,318 (+27.8%)
$7,350 + $105,040
$112,390
2012
$1,814
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
1 Acre
Year renovated
1958
Sq. Ft.
1,482
Year built
1958
Style
Single Family Residential
County
Hays County
APN
R18327
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
Feb 10, 2026 • Active
Residential
Work on a single-family home.
New construction
Jul 30, 2025 • Active
Residential
Construct a new single-family home and a shop.
New construction
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Virtual Tour Information
Exterior
Water & Sewer Information
Well
Lot Information
Legal Lot Description: A0450 W B STEPHENSON SURVEY, ACRES 156.94 ; A0534 A R O'PRY
Road Surface: Dirt
Road Frontage: No Road Frontage
Land Information
Land Use: Cattle Ranch, Hunting, Leisure Ranch
Financial
Tax Information
Tax ID #: R18328
Tax Amount: $439
Location
School Information
School District: Dripping Springs
School Elementary: WALNUT SPRINGS ELEMENTARY SCHOOL (DRIPPING SPRINGS)
School Middle: DRIPPING SPRINGS MIDDLE SCHOOL
School High: DRIPPING SPRINGS HIGH SCHOOL
Location Information
Area: Central Texas
Directions: Starting from Dripping Springs, Texas head west on Highway 290 for 4.9 miles. Then, make a left turn onto Holder Lane. Continue for 0.9 miles, then take a right onto Creek Road. Travel for 2 miles and turn left onto Pursley Road. After 0.9 miles, make a right onto the easement road. Mustang Ranch will be 0.5 miles down the easement road.
Community Information
No
Public facts
Beds: —
Baths: —
Sq. Ft.: 1,482
Stories: —
Lot Size: 1 acres
Style: Single Family Residential
Year Built: 1958
Year Renovated: 1958
County: Hays County
APN: R18327
Home facts updated by county records on Aug 10, 2026
Other
Miscellaneous Information
Is IDX Opt In
Listing Information
Exclusive Right to Sell/Lease
Listing Office & Agent Information
List Agent Email: trey@ranchlandrealestate.com
Around this home
Schools
Walnut Springs Elementary School
Public PreK-5 • Assigned • 5.3mi
9/10
Dripping Springs Middle School
Public 6-8 • Assigned • 5.3mi
8/10
Dripping Springs High School
Public 9-12 • Assigned • 5.9mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
6/10 Fire Factor
11% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 106° expected this year, 23 days in 30 years
6/10 Wind Factor
69% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Dripping Springs, TX • 78620
Average low and high temperatures (°F)
58
37
68
46
79
55
80
61
85
64
90
73
91
73
95
72
90
68
87
62
75
53
66
46
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.3 hours in
June and 4.9 hours in December, which is comparable to the
U.S. average for solar exposure.
9.3 hrs
4.9 hrs
JuneDecember
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