Seasonally dry tropical forests (SDTFs) are shaped by strong climatic and edaphic constraints, including pronounced rainfall seasonality, extended dry periods, and shallow karst soils with limited water retention. Understanding how tree species respond to these pressures is crucial for predicting ecosystem resilience under climate change. In the Yucatán Peninsula, we characterized sixteen tree species along a spatial and seasonal precipitation gradient, quantifying wood density, predawn and midday water potential, saturated and relative water content, and specific leaf area. Across sites, diameter classes, and seasons, we measured ≈4 individuals per species (n = 319), ensuring replication despite natural heterogeneity. Using a principal component analysis (PCA) based on individual-level data collected during the dry season, we identified five functional groups spanning a continuum from conservative hard-wood species, with high hydraulic safety and access to deep water sources, to acquisitive light-wood species that rely on stem water storage and drought avoidance. Intermediate-density species diverged into subgroups that employed contrasting strategies such as anisohydric tolerance, high leaf area efficiency, or strict stomatal regulation to maintain performance during the dry season. Functional traits were strongly associated with precipitation regimes, with wood density emerging as a key predictor of water storage capacity and specific leaf area responding plastically to spatial and seasonal variability. These findings refine functional group classifications in heterogeneous karst landscapes and highlight the value of trait-based approaches for predicting drought resilience and informing restoration strategies under climate change.