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$1,178,000

116 Horseshoe Dr, Dripping Springs, TX, 78620

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,243 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$400.86 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Built-In Gas Range, Built-In Refrigerator, Convection Oven, Dishwasher, Disposal, Microwave, Propane Cooktop, Warming Drawer
FlooringCarpet, Concrete, Tile, Wood, See Remarks

Exterior

Private PoolPrivate Pool
Exterior FeaturesBarbecue, Gray Water System, Gas Grill, Outdoor Grill, Private Yard
Lot Size1.47 acres

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces3

Land Information

APN05090306100000
Lot Number48
SubdivisionSaddletree Ranch Sec 3
Land UseResidential
Legal DescriptionLOT 48 SADDLETREE RANCH SEC 3
Census Tract036600
Assessed Land Value$293,800
Assessed Improvement Value$636,930
Assessment Year2024

About this property

Situated on just under 3 acres (and 2 separate lots), this Dripping Springs estate provides the perfect combination of Hill-Country & Luxury, in an environment that truly represents an escape from the rest of the world! Featuring 3 bedrooms, 3 full bathrooms, 2 interior living spaces and 3 exterior living spaces, this estate is an entertainer and family’s dream. The gourmet kitchen has been completely remodeled and features commercial grade appliances (Wolf, Sub-Zero, etc.) including a warming drawer, wine fridge, custom cabinetry and more. The master retreat is an oversized space with a large walk-in closet, fitted with custom organizers and more. The master spa has also been remodeled and finishes out the space with “floating cabinetry” and upgraded lighting. Continuing through the home, 2 additional bedrooms and a game room provide separation from the rest of the home. With a remodeled laundry room, office with custom cabinetry and many more upgrades, the home appeals to anyone in search of luxury. Outside, one will find a resort style setting with a covered porch, separate covered spaces, outdoor kitchen & fireplace and an oversized pool & hot tub. The primary & adjacent lot are both fully fenced and feature an electric gate entering the property. Surrounded by oak trees, one truly feels at total peace within the backyard oasis, while still close to the hustle and bustle of Bee Cave & Dripping Springs. For sustainability, the property includes a 20,000-gallon rainwater tank, 1,500 gallon holding tank for the well and a generator which gives the benefit of truly “off-grid” living if desired. The home &adjacent lot are located near the end of a cul-de-sac, with access to some of the best schools in Texas within the renowned Lake Travis ISD.

Investor Tools

Property Icon
$1,178,000
Estimated Property Value
$875,000Estimated Mortgage Balance
$315,797Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,800 /month
Positive
Cash Flow Estimate:
$2,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,500/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$829,434
2024
$293,800
$636,930
$930,730
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$829,434

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$875,000
No
First
Jul 3, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$863,502
$314,498
26%
73%
$5,247/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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