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$1,306,000

1054 Windmill Rd, Dripping Springs, TX, 78620

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,583 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$207.07 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Gas Cooktop, Dishwasher, Disposal, Exhaust Fan, Microwave, Double Oven, Refrigerator, Stainless Steel Appliance(s), Water Heater, Water Softener Owned
FlooringStone, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBarbecue, Private Yard, RV Hookup
Lot Size2.19 acres

Building Information

Year Built2010
Stories1
Roof Type105
Garage Spaces4

Land Information

APNR44572
Lot Number335
SubdivisionSunset Canyon Sec 1
Land UseResidential
Legal DescriptionSUNSET CANYON LOT 335 2.19 AC GEO# 90405689 TAX CODES:RSP,SDS
Census Tract010809
Assessed Land Value$421,040
Assessed Improvement Value$609,634
Assessment Year2025

About this property

Incredible hill country home that has everything to offer. Single story plan features double master suites plus two additional bedrooms, a detached 1 bed/1 bath casita house, gourmet kitchen, wine storage, pool and spa, outdoor kitchen, multiple garages/out buildings and a workshop, RV storage, fire pit, two screened patios all on a 2+ acre treed lot with amazing panoramic views. Water well and septic=low utility expenses, no HOA fees and low taxes! Great Dripping schools and convenient access to Austin.Guest Accommodations: Yes Restrictions: Yes Sprinkler Sys:Yes

Investor Tools

Property Icon
$1,306,000
Estimated Property Value
$484,350Estimated Mortgage Balance
$886,420Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,836 /month
Positive
Cash Flow Estimate:
$2,612 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,792/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,978
$1,030,674
2025
$421,040
$609,634
$1,030,674
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,978
$1,030,674

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Florida Capital Bank Na
Conventional
$484,350
No
First
Aug 1, 2019
Sep 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$421,398
$846,602
66%
32%
$2,904/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$2,904/mo
$-488/mo
2.2%

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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1054 Windmill Rd | Property Details | No Agent List