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$379,000

1050 Harmon Hills RD, Dripping Springs, TX, 78620

On MarketInfo
Just AddedInfo
Beds— Beds
Baths— Bath
Baths980 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Garage AvailableGarage Available

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

$89,327Estimated Mortgage Balance
$230,673Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,274 /month
Positive
Cash Flow Estimate:
$758 /month

Interested in this property?

Rachael Peterson

Aston & Associates

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$314/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
$89,327
$230,673
72%
28%
$0/mo

City: Dripping Springs

1050 Harmon Hills RD | Property Details | No Agent List