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$1,212,000

NAL Estimated Property Value

1042 Windmill Rd, Dripping Springs, TX, 78620

Off MarketInfo
Beds4 Beds
Baths0 Bath
Baths3,069 Sq Ft
price_per_sqft$325.82 / sqft
Year BuiltBuilt in 2020

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Disposal, Microwave, Oven, Tankless Water Heater
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesNone
Lot Size2.07 acres

Building Information

Year Built2020
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR44578
Lot Number341
SubdivisionSunset Canyon Sec 1
Land UseResidential
Legal DescriptionSUNSET CANYON SEC 1, LOT 341, ACRES 2.07 TAX CODES:RSP,SDS
Census Tract010809
Assessed Land Value$400,640
Assessed Improvement Value$686,860
Assessment Year2025

About this property

Gorgeous cleared lot with nice Live Oaks and a gentle rolling terrain. Owner also owns 1040 Windmill with a nice custom one story home (See MLS number 6382941) and another 1.5 acre lot (see MLS number 1734531) on the other side of the house. Can be sold separately or together for a total of 6 acres. See attached recent survey. Buildable, beautiful and private with creek frontage. Only a small corner is in the flood plain. Gorgeous trees and a quiet private location!Restrictions: Yes

Investor Tools

Property Icon
$1,212,000
Estimated Property Value
$590,185Estimated Mortgage Balance
$624,091Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,272 /month
Positive
Cash Flow Estimate:
$2,424 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,572/month
$35/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,799
$980,155
2025
$400,640
$686,860
$1,087,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,799
$980,155

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$650,000
No
First
May 7, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$590,185
$585,815
49%
49%
$3,898/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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1042 Windmill Rd | Property Details | No Agent List