Rare commercial and residential/airbnb opportunity on this expansive 4.6-acre tract, strategically located outside of the Dripping Springs ETJ so any permitting for development is only through Hays County. This property is located on the corner of KC Memory Lane and Ranch Road 12 offering dual access through ranch road 12 and KC Memory Lane. Utilities include a water well, PEC Electricity, rain water collection and a large residential septic system. The survey has the 4.59 acres divided into two tracts. Tract one is a square acre around the house on the back portion of the lot opposite of Ranch Road 12. The current residential acre has a primary and guest home totaling 4,118 square feet with a swimming pool and pool cabana. This is currently being utilized as a Vrbo/airbnb. This could continue to operate as an airbnb and basically cover the expenses of the entire 4.6 acres during the development of the front 3.6 acres (tract two). Conveniently located 4.8 miles from downtown dripping springs, 10 miles to Wimberley and 25 miles to downtown Austin. Ghost Note Brewery is two driveways down, Driftwood Vineyards, Twisted X Brewery and Salt Lick Barbecue are a few minute drive away.