Extraordinary 855-acre live-water ranch in the heart of the Texas Hill Country, located 15 minutes west of Dripping Springs, 2.5 miles from Highway 290, & approximately 45 minutes from downtown Austin. The property features nearly 1.5 miles of spring-fed Mustang Creek, flowing year-round—even in drought conditions—& dammed to create multiple deep lakes ideal for fishing, swimming, & paddleboarding. The renowned vineyard region (between Johnson City & Fredericksburg) is just 30 minutes away, as well as Wimberley. The land showcases dramatic elevation changes, with rolling valleys and commanding hilltops that deliver sweeping panoramic views in every direction. Crowning one of these hilltops is a 7,000 sq ft custom residence offering six bedrooms & seven bathrooms, thoughtfully upgraded with new hardwood floors, a fully updated kitchen, an elevator, a dedicated wine room, & a Savant AV control system. Outdoor living is equally impressive, with a negative-edge pool & expansive entertaining areas that take full advantage of the surrounding vistas. Privacy is paramount, with access provided by a gated, one-mile private paved road, & the entire ranch is high fenced. A large pond greets you at the entrance, & wildlife is abundant throughout the property. The ranch is managed under a wildlife plan and includes 10 deer feeders, six turkey feeders, & six established food plots, supporting a thriving habitat. Additional improvements near the creek include a two-bedroom, one-bath foreman's house, a rustic three-bedroom, two-bath guest home, a well-designed equestrian facility, & a large equipment barn. Whether envisioned as a recreational retreat, hunting ranch, legacy estate, or private sanctuary, this property represents a rare offering that captures the very best of Texas ranch living and is a once in a generation opportunity for a ranch of this size and quality this close to Austin. Additional 2,300+/- acres available; see Agent for more information.