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$1,565,000

NAL Estimated Property Value

108 Honey Locust Ct, Driftwood, TX, 78619

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,387 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$313.43 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOven, Built-In Electric Oven, Cooktop, Dishwasher, Disposal, Gas Cooktop, Microwave, Free-Standing Refrigerator, Stainless Steel Appliance(s), Water Heater
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Lighting, Private Yard
Lot Size2.64 acres

Building Information

Year Built2014
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR142061
Lot Number82
SubdivisionRim Rock Phase Two Sec Four
Land UseResidential
Legal DescriptionRIM ROCK PHASE TWO SEC FOUR, BLOCK B, LOT 82, ACRES 2.6393 TAX CODES:RSP,SDS,WGH2
Census Tract010912
Assessed Land Value$497,410
Assessed Improvement Value$826,750
Assessment Year2025

About this property

This stunning 5-bedroom, 5.5 bath home sits on 2.64 acres, one of the best lots in an exclusive part of Rim Rock, with stunning views. Atop a high hill on a cul-de-sac lot, this six-year-old home has amazing views in every direction & from many points on the property. The house is set deeply back on its lot affording good privacy. The home’s main level offers a formal dining, study, master suite & 3 bedrooms, a large formal living room with 14’ ceilings Featuring a wall of windows, fireplace, & elegant built-ins. A gourmet kitchen with stainless steel appliances & an enormous island is open to the living room & large breakfast room. The breakfast room opens into a generous covered patio overlooking the pool, spa, & views. The house is beautifully laid out to accommodate entertaining intimate groups or large crowds. For a getaway, family gathering or general entertainment, the upstairs great room is large enough to host a large crowd for games or just hanging out while a private suite with enormous bedroom & bath rounds out the upper floor. The main level spacious Primary master has a wall of windows takes full advantage of the views, room-size walk-in closet/dressing room with custom built-in dresser & a configurable Elfa system; the large bath has a walk-in shower & garden tub, marble-topped vanities. The views are amazing even from the driveway and the large extra parking areas. Low Hays County Taxes, Dripping Springs Schools & lots of trees complement the home. The mature landscaping, including limestone retaining walls, raised beds and borders on most beds, has grown to fully complement the large front and back yards and now just needs to be enjoyed. A 15,000 gallon Cody pool with spa and pergola & a capacious pool patio again accommodates entertaining on a grand scale. The large back yard is fenced. There is also a 2500-gallon rain tank & a 6’x10’ TuffShed (heated/cooled),currently outfitted as a dog house, but can be used as a play house or for garden storage.

Investor Tools

Property Icon
$1,565,000
Estimated Property Value
$871,550Estimated Mortgage Balance
$693,450Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,390 /month
Positive
Cash Flow Estimate:
$3,130 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,358/month
$140/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,477
$1,324,160
2025
$497,410
$826,750
$1,324,160
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,477
$1,324,160

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Benchmark Bank
Conventional
$1,300,000
No
First
Jun 11, 2012
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$871,550
$583,450
40%
56%
$6,021/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: Driftwood

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108 Honey Locust Ct | Property Details | No Agent List