Madrona Ranch: Luxury Living & Proven STR Income in the Heart of Texas Hill Country Just minutes from downtown Dripping Springs, Madrona Ranch offers a rare combination of luxury, privacy, natural beauty—and an exceptional investment opportunity. This unrestricted 10+acre estate is not only a stunning Hill Country retreat, but also a currently operating and highly successful short-term rental (STR) property with a strong rental history and outstanding guest reviews. Perched amidst sweeping long-range views and dramatic elevation changes, the property features a seasonal creek that adds character and charm during the rainy season. The ranch is Ag-exempt and thoughtfully designed for both lifestyle and income potential. The main residence is accompanied by three beautifully finished guest casitas, each crafted with upscale finishes and a clean, modern aesthetic—perfect for hosting guests, extended family, or multigenerational living. These well-appointed casitas are a favorite among STR guests, offering privacy and resort-style accommodations. Additional improvements include a 30x50 workshop, an insulated well house, and a 30,000-gallon water holding tank. Water is supplied by both a private well and a rainwater collection system, ensuring sustainability and peace of mind. The fully fenced property includes a secure gated entrance and over half a mile of private paved road leading to the homesite. Whether you’re looking to expand an income-producing STR business, build your dream ranch, or create a family compound, Madrona Ranch offers multiple build sites and endless potential in one of the most sought-after regions in Texas. Located just 45 minutes from Austin and 90 minutes from San Antonio, this is a timeless opportunity to own a piece of the Texas Hill Country—with immediate income potential and unmatched natural beauty. Additional Acreage Available.