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$761,948

11801 Dripping Springs Trl, Amarillo, TX, 79124

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths5,785 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.71 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Range, Microwave, Double Oven, Dishwasher, Cooktop

Exterior

Exterior FeaturesDog Run
Lot Size10,890 sqft

Building Information

Year Built1998
Roof Type105
Garage Spaces8

Land Information

APNR-014-3600-0680
Lot Number10
SubdivisionDrippin' Springs # 1
Land UseResidential
Legal DescriptionDRIPPIN' SPRINGS # 1, LOT 010, BLK 0002, 3.9200 ACRES
Census Tract014300
Assessed Land Value$41,700
Assessed Improvement Value$720,248
Assessment Year2025

About this property

Set on nearly 4 serene acres surrounded by mature cottonwoods and a peaceful creek, this extraordinary property blends the timeless character of rustic log cabin architecture with elevated modern comfort. A true retreat just outside Amarillo, it offers expansive living spaces, rich wood finishes, and soaring ceilings—designed to evoke warmth, scale, and natural, rustic charm. This property isn't just a home—it's a destination. With flexible design and income-producing potential, it's perfectly suited as a private luxury residence, boutique retreat center, intimate wedding venue, or high-end short-term rental. The natural setting, combined with open-concept interiors, invites unforgettable gatherings and endless possibilities. Luxury, versatility, and tranquility converge here, don't miss this refined lifestyle opportunity at a compelling new price.

Investor Tools

Property Icon
$761,948
Estimated Property Value
$449,500Estimated Mortgage Balance
$324,441Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,572 /month
Positive
Cash Flow Estimate:
$1,524 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,359/month
$40/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,499
$761,948
2025
$41,700
$720,248
$761,948
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,499
$761,948

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Conventional
$449,500
No
First
Nov 28, 2024
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$437,507
$324,441
42%
57%
$2,695/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,790/mo
$2,735/mo
$-945/mo
2.8%

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: Amarillo

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11801 Dripping Springs Trl | Property Details | No Agent List