Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$899,000

202 Smoke Tree Cir, Dripping Springs, TX, 78620

On MarketInfo
Beds5 Beds
Baths5 Bath
Baths3,632 Sq Ft
price_per_sqft$247.52 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Must-SellAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Free Standing Electric Oven, Gas Cooktop, Disposal, Microwave, Range Hood, Stainless Steel Appliances
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size13,068 sqft

Building Information

Year Built2022
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR165723
Lot Number22
SubdivisionHeadwaters At Barton Creek Phase 2
Land UseResidential
Legal DescriptionHEADWATERS AT BARTON CREEK PHASE 2, BLOCK F, LOT 22, ACRES 0.3 TAX CODES:RSP,SDS,MHDW
Census Tract010809
Assessed Land Value$158,420
Assessed Improvement Value$631,580
Assessment Year2025

About this property

Perched gently atop a hill on a quiet circle street and ready for move in, this soft farmhouse in Headwaters captures the essence of serene Hill Country living in Dripping Springs, TX. From the moment you arrive, there’s a sense of calm—wide skies, rolling hills, and a welcoming community that feels both connected and private. This coveted, custom-built section of Headwaters is at the top of the hill of this gorgeous community, where lots are larger and the views are vast. Without waiting for construction to complete. Set on an oversized corner lot and backing to peaceful greenspace, this five-bedroom home offers rare privacy with no neighbors behind, creating a backyard retreat where mornings begin with coffee and views, and evenings wind down under open Texas skies. Inside, tall ceilings and grand yet inviting spaces strike a balance between openness and warmth. The main living area, anchored by a fireplace, flows effortlessly into the kitchen and dining spaces, all framed by relaxing greenbelt views. Designed for both everyday living and flexibility, the home features a true guest suite, a dedicated office, and three separate living areas. Upstairs, a spacious second living room is surrounded by generously sized bedrooms, while the primary suite offers a spa-like escape with room for a private sitting area. Life in Headwaters means more than just a beautiful home—it’s a lifestyle. Residents enjoy access to resort-style amenities including a pool, splash pad, scenic trails, fitness center, gathering pavilion, and a charming WiFi cafe; with fresh coffee. Located within the highly sought-after Dripping Springs ISD, with access to top-rated, award-winning schools and a brand-new campus, this home offers both tranquility and opportunity. For buyers searching for homes in Dripping Springs TX, The Hilltop at Headwaters is where natural beauty, thoughtful design, and vibrant community come together in one unforgettable place.

Investor Tools

$680,391Estimated Mortgage Balance
$308,778Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,928 /month
Positive
Cash Flow Estimate:
$1,976 /month

Interested in this property?

Abby Alwan

Compass RE Texas, LLC

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,312/month
$372/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,798
$790,000
2025
$158,420
$631,580
$790,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,798
$790,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bay Equity Llc
Conventional
$720,000
No
First
May 25, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$680,391
$284,609
29%
69%
$4,317/mo

City: Dripping Springs

202 Smoke Tree Cir | Property Details | No Agent List