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$229,000

18300 Shepherds Corral, Dripping Springs, TX, 78620

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.05 acres

Land Information

APN05090304010000
Lot Number15
SubdivisionWest Cave Estates Sec 4
Land UseResidential
Legal DescriptionLOT 15 BLK G WEST CAVE ESTATES SEC 4
Census Tract036600
Assessed Land Value$209,400
Assessment Year2025

About this property

This 1.047-acre lot, located in the highly desirable West Cave Estates and zoned to Lake Travis ISD, offers a unique opportunity to build your dream home in the heart of the Texas Hill Country. The property boasts a low tax rate and is conveniently located to both Dripping Springs and Bee Cave for restaurants and shopping, and in one of Texas’ 7 designated “Dark Sky” communities. Just minutes to Hill Country gems like Hamilton Pool Preserve, Reimer’s Ranch State Park and many Wineries and Distilleries. West Cave Estates offers a 1 acre park with grills and a playscape for residents to gather. This lot is surrounded by majestic, mature oaks, the lot features multiple potential build sites with stunning views of the Hill Country, creating a tranquil, park-like setting. The property has been beautifully prepared for a new owner and includes access to electricity, though it will require a septic system and a well or rainwater collection. Residents in West Cave Estates will enjoy Hill Country Settings with long vista views in all directions. Neighboring lot 18308 is negotiable as well. Enjoy reasonable deed restrictions that allow residential use and even accommodate horses. Nestled close to Hamilton Pool Preserve, countless variety of wineries & breweries. 18300 Shepherds Corral offers the perfect blend of rural charm and modern convenience. Whether you’re a homebuilder or ready to design your dream home, this property provides endless potential in a prime location.

Investor Tools

Property Icon
$229,000
Estimated Property Value
$0Estimated Mortgage Balance
$229,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$376/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,362
$209,400
2025
$209,400
N/A
$209,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,362
$209,400

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$209,400
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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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18300 Shepherds Corral | Property Details | No Agent List