Exceptional Live/Work Investment Opportunity on 4.6 Unrestricted Acres in the Heart of Hill Country Unlock the potential of this rare 4.6-acre unrestricted property just minutes from Downtown Dripping Springs. Ideally positioned outside the ETJ, this unique parcel allows for flexible development with permitting exclusively through Hays County—a major advantage for commercial ventures, residential expansion, or a mixed-use vision. Strategically located on the high-visibility corner of Ranch Road 12 and KC Memory Lane, the property offers dual access and excellent frontage, making it an ideal site for a destination business, boutique lodging, or event venue. Utilities already in place include a private water well, PEC electricity, rainwater collection system, and a large-capacity residential septic system. The surveyed acreage is smartly divided into two tracts: Tract One (1 acre): Nestled at the rear for privacy, this residential oasis features a main home and guest house totaling 4,118 sq ft, along with a sparkling pool and cabana. Currently operating as a successful short-term rental (Airbnb/Vrbo), this setup provides immediate cash flow and could offset holding or development costs. Tract Two (3.6 acres): A blank canvas at the front of the property with significant commercial potential, thanks to its location along a major thoroughfare. Surrounded by iconic Hill Country destinations like Ghost Note Brewing (just two driveways down), Salt Lick BBQ, Driftwood Vineyards, and Twisted X Brewery, this property sits in a highly desirable and fast-growing tourism corridor. Just 4.8 miles from downtown Dripping Springs, 10 miles to Wimberley, and 25 miles to Downtown Austin, this is a once-in-a-lifetime opportunity to invest in one of Central Texas’ most dynamic growth areas.