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$350,000

1050 Harmon Hills Rd, Dripping Springs, TX, 78620

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,680 Sq Ft
price_per_sqft$208.33 / sqft
Year BuiltBuilt in 2003

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesBuilt In Electric Range, Dishwasher, Electric Oven, Oven, Refrigerator
FlooringCarpet Free, Vinyl

Exterior

Exterior FeaturesSee Remarks
Lot Size3 acres

Building Information

Year Built1986
Stories1
Garage Spaces700

Land Information

APNR26269
Lot NumberD-35
SubdivisionDouglas Estates
Land UseResidential
Legal DescriptionDOUGLAS ESTATES, LOT PT OF D-35, MH SERIAL # 12403012A, TITLE # CARE, LABEL # PFS0725927, ACRES 3.00 TAX CODES:RSP,SDS
Census Tract010817
Assessed Land Value$254,880
Assessed Improvement Value$135,080
Assessment Year2025

About this property

An exceptional opportunity to own a private and picturesque 3-acre property in the highly sought-after Dripping Springs area, just 10 minutes from the charm, conveniences & the best Farmer's Market in downtown Drip! This beautiful tract features a captivating blend of mature Live Oak and Post Oak trees, creating a serene natural setting with a balance of shaded groves and open, build-ready spaces. The land offers multiple prime homesites, ideal for a custom residence, weekend retreat or investment vision. Designed for privacy and tranquility, the property provides heavy foliage surround, allowing for a true sense of seclusion. The acreage is fully fenced, offering both security and flexibility for a variety of uses. Significant infrastructure improvements are already in place, including new electrical service (Pedernales Electric Cooperative) and a recently installed water well pump (Wiley Water Well), providing a strong foundation for future development. A small, 500 gallon conventional septic system is also present on the property. Additional features include a red barn structure with potential for storage, workshop space or creative pursuits. A mobile home is located on the property and is in poor condition; it may be removed or reimagined at the buyer’s discretion. With no HOA and minimal restrictions, this property presents a rare combination of freedom, usability and location—perfect for those seeking to build, invest or create a private Hill Country escape. A unique offering of usable acreage, mature trees and existing utilities—just minutes from the heart of Dripping Springs.

Investor Tools

$89,609Estimated Mortgage Balance
$192,673Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$299/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,173
$239,313
2025
$254,880
$135,080
$389,960
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,173
$239,313

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Stage Funding Llc
Fha
$121,655
Yes
First
Jun 30, 2014
Jul 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$89,609
$230,391
71%
32%
$0/mo

City: Dripping Springs

1050 Harmon Hills Rd | Property Details | No Agent List