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$1,650,000

205 Waters View CT, Dripping Springs, TX, 78620

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths4,405 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$374.57 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
AppliancesBuilt In Electric Oven, Built In Gas Range, Built In Oven, Built In Refrigerator, Electric Oven, Microwave, Refrigerator, Stainless Steel Appliances
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Exterior Steps, Gas Grill, Private Yard, Rain Gutters, Fire Pit

Building Information

Garage Spaces3

Land Information

APNR147199
Lot Number4
SubdivisionCaliterra
Land UseResidential
Legal DescriptionCALITERRA PHASE ONE SEC TWO, BLOCK E, LOT 4 TAX CODES:RSP,SDS,DHA1
Census Tract010807
Assessed Land Value$216,830
Assessment Year2025

About this property

Welcome to an extraordinary modern residence where exceptional craftsmanship and the natural beauty of the Texas Hill Country come together in perfect harmony. From the moment you enter through the awe-inspiring front door, an abundance of natural light moves through the home’s expansive Low-E windows, illuminating wide-plank hardwood floors, custom white oak cabinetry, Taj Mahal quartzite surfaces, and flawless Level 5 walls. Every material has been deliberately selected, and every room composed to feel both elevated and genuinely livable. The kitchen is a statement in modern luxury. High-end appliances, beautifully crafted cabinetry, and natural stone surfaces create an inviting setting for everything from weekday mornings to memorable evenings with family and friends. A fully appointed butler’s pantry—with its own sink and refrigerator—allows the main kitchen to remain effortlessly composed while entertaining on any scale. The primary suite offers a private retreat, complemented by a thoughtfully designed closet with direct access to the laundry room—one of many details that quietly improve the rhythm of everyday life. The home’s most captivating moments may be found where the interior opens completely to the outdoors. A dramatic, 16-foot pocketing glass door dissolves the boundary between inside and out. In the expansive patio, a natural-gas outdoor kitchen with a built-in refrigerator makes entertaining feel effortless. The modern swimming pool establishes the atmosphere of an exclusive resort, while a separate fire pit invites relaxed conversation beneath the Hill Country sky. Behind the beauty is an equally impressive level of performance. Spray-foam insulation, a standing-seam metal roof, high-efficiency windows, three independent HVAC systems, Cat 6A Ethernet wired into every room, and an integrated Juke Audio system put sophisticated touches of technology and comfort over the entirety of the home. Your next chapter of luxury living awaits! Welcome home!

Investor Tools

Property Icon
$1,634,000
Estimated Property Value
$0Estimated Mortgage Balance
$806,951Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,900 /month
Positive
Cash Flow Estimate:
$3,300 /month

Interested in this property?

Rey Rocha

eXp Realty, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,126/month
$1,500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,343
$216,830
2025
$216,830
N/A
$216,830
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,343
$216,830

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southern Atlantic Re Inc
Building Or Construction Loan
$853,760
No
First
Oct 30, 2024
Nov 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$827,049
$806,951
49%
51%
$5,119/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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