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$1,257,000

NAL Estimated Property Value

1011 Oak Meadow Dr, Dripping Springs, TX, 78620

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,704 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$377.94 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Down Draft, Electric Cooktop, Double Oven, Electric Water Heater, Wine Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size3.13 acres

Building Information

Year Built1993
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR45204
Lot Number918-919
SubdivisionSunset Canyon Sec V
Land UseResidential
Legal DescriptionSUNSET CANYON V LOT 918 & 919 3.125 AC TAX CODES:RSP,SDS
Census Tract010809
Assessed Land Value$579,970
Assessed Improvement Value$451,484
Assessment Year2025

About this property

Your own private park. This gorgeous 3-acre retreat is waiting for its next, special family. Over 100 oak trees w/ several towering trophy oaks enhance the beauty of this well-groomed, double-lot gem. Nestled among the highly sought-after estate homes of Sunset Canyon within Dripping Springs ISD it features a serene waterfall pool, outdoor pavilion for year-round gatherings & magical evening meals w/ many spaces for relaxation, indoors & out. A spacious wraparound porch invites quiet moments of reading and conversation and offers the perfect spot to watch sunsets that will never cease to delight. Greenbelt access to scenic, maintained trails throughout the backcountry of the neighboring Headwaters community. Recently refreshed (2023) large island kitchen boasts a banquette, table, & chairs, perfect for family breakfasts. The open floor plan highlights a natural rock wall and a cozy wood-burning fireplace in the living room that flows into a bright and inviting sunroom. French doors in the primary suite open to sunroom, a spacious main bath offers a double shower w/heated floor, a standalone tub, and a vanity cabinet w/ a ton of storage. A large formal room can serve as a dining or home office. Upstairs, spacious secondary beds feature vaulted ceilings, 1 w/ private bath & 2 sharing a bath. A 3rd space can function as a 4th bedroom, playroom, or a M-I-L suite, complete with a small wet bar. Above the oversized two-car garage is a home theater for entertaining friends & family. Owners have made many energy-savings upgrades that includes all new double-paned windows (2021) and new (2025) integrated solar roof w/ dual Powerwall smart-battery storage. Home is on city water; irrigation runs off private well. All 3 A/C units, 2 water heaters, and dishwasher have been replaced in recent years. Monthly utilities are very low. Discover the perfect blend of Hill Country tranquility & convenient access to Austin—this truly exceptional property is ready to welcome you home.

Investor Tools

Property Icon
$1,257,000
Estimated Property Value
$1,423,664Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,399 /month
Positive
Cash Flow Estimate:
$2,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,597/month
$35/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,874
$985,456
2025
$579,970
$451,484
$1,031,454
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,874
$985,456

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Building Or Construction Loan
$511,000
No
First
Jul 27, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,423,664
N/A
0%
113%
$8,957/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Dripping Springs

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1011 Oak Meadow Dr | Property Details | No Agent List