A vast Texas ranch, encompassing over 3,200 acres and featuring natural springs, multiple residences, and the potential for a private airstrip, has been listed for sale at $70 million. Located in the Hill Country near Dripping Springs, the property, known as Mustang Springs Ranch, is being presented as a significant legacy estate.

The combined property consists of two adjacent ranches: the 855-acre Mustang Creek Ranch and the 2,380-acre Mustang Lake Ranch. These parcels can also be purchased individually for $28 million and $50 million, respectively. The estate offers a blend of expansive private land and accessibility to Austin, situated approximately 45 minutes from the city center and 15 minutes from Dripping Springs.

One of the property's prominent features is an 11-acre spring-fed lake, complemented by additional ponds and waterways. The ranch boasts year-round 'live water' originating from springs on the land itself, providing opportunities for activities like fishing and watersports.

The landscape is characteristic of the Texas Hill Country, with mature oak trees, rolling pastures, valleys, and hilltops providing panoramic views. An internal road network connects various parts of the property, which is fully high-fenced and secured with five separate entrances.

The primary residence on the estate spans over 7,000 square feet and is situated on a hilltop. Accompanying the main house are two guesthouses. The property also includes a large equipment barn and an equestrian barn, with extensive pastures suitable for livestock.

The separate Mustang Creek Ranch listing describes the main home as having six bedrooms and seven bathrooms, along with features including an updated kitchen, hardwood floors, an elevator, a wine room and an outdoor pool

According to the listing for the Mustang Creek Ranch, the main home features six bedrooms and seven bathrooms, an updated kitchen, hardwood floors, an elevator, a wine room, and an outdoor pool. The estate is marketed as suitable for a multigenerational retreat, offering ample space for family and guests to engage in outdoor activities while remaining close to Austin's amenities.

The property is also located approximately 25 minutes from the Texas vineyard region. The combined offering of $70 million represents an $8 million discount compared to purchasing the two ranches separately.

There is also a large equipment barn and a dedicated equestrian barn, with the property's extensive pastures offering space for horses or cattle

Buyers interested in aviation have the potential to construct a 4,400-foot private airstrip or helipads on the grounds, subject to necessary approvals. Dave Murray of DMTX Realty Group/Keller Williams Realty Austin is handling the marketing of the $70 million Mustang Springs Ranch.