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$385,000

136 Lourdes CT B, Dripping Springs, TX, 78620

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths3 Bath
Baths1,512 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$254.63 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesDishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Vented Exhaust Fan
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Rain Gutters, See Remarks

Building Information

Year Built2024
Garage Spaces2

Land Information

APNR177622
SubdivisionThe Grotto Condominiums
Land UseResidential
Legal DescriptionTHE GROTTO CONDOMINIUMS, UNIT 136-B, 3.57% COMMON AREA INTEREST TAX CODES:GHA,RSP,SDS
Census Tract010807
Assessed Land Value$100,000
Assessed Improvement Value$278,000
Assessment Year2025

About this property

Experience modern Hill Country living at The Grotto, a boutique collection of thoughtfully designed residences in the heart of Dripping Springs. Showcasing modern farmhouse-inspired architecture, designer finishes, and a sophisticated lock-and-leave lifestyle, these two-story homes offer a rare opportunity to enjoy elevated living just minutes from the area's most beloved destinations. Designed with both style and functionality in mind, the open-concept floor plan features expansive living spaces, abundant natural light, and a seamless flow between the kitchen, dining, and living areas, perfect for everyday living and entertaining alike. The chef-inspired kitchen is complemented by carefully curated finishes and quality craftsmanship throughout. Upstairs, a versatile loft and three spacious bedrooms provide flexibility for guests, a home office, or additional living space. Private outdoor living areas create the perfect setting to unwind and enjoy the beauty and tranquility of the Texas Hill Country. Built with energy efficiency and modern convenience at the forefront, The Grotto offers a refined living experience in one of Central Texas's most sought-after communities. Enjoy easy access to the charm of downtown Dripping Springs, local wineries, breweries, shopping, dining, and outdoor recreation while coming home to a residence designed for comfort, style, and simplicity. The Grotto is where contemporary living meets Hill Country charm. Property comes with Kitchen refrigerator, washer/dryer, and blinds. Ask about available builder incentives, appliance packages, finish selections, and additional to-be-built opportunities within The Grotto. Multiple floor plans and future inventory available. Options to purchase both sides of a building and/or multiple buildings. Needings a great 1031 exchange option? Purchase future inventory as well and customize along the way. Contact listing agent for current availability and builder offerings.

Investor Tools

$0Estimated Mortgage Balance
$382,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

Interested in this property?

Reese Phillips

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$277/month
$105/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,412
$366,412
2025
$100,000
$278,000
$378,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,412
$366,412

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$382,000
100%
0%
$0/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.

Explore Texas Explore This Area
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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