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$1,828,000

220 Fawn Meadow Dr, Dripping Springs, TX, 78620

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths5,155 Sq Ft
price_per_sqft$354.61 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt In Gas Range, Double Oven, Dishwasher, Exhaust Fan, Electric Water Heater, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Water Purifier Owned, Range, Refrigerator, Water Softener Owned, Stainless Steel Appliances
FlooringVinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesBasketball Court, Barbecue, Dog Run, Exterior Steps, Gas Grill, Outdoor Grill, Private Entrance, Private Yard, Rain Gutters, Sport Court, See Remarks
Lot Size5 acres

Building Information

Year Built2004
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR29801
Lot Number5
SubdivisionHays Country Acres
Land UseResidential
Legal DescriptionHAYS COUNTRY ACRES LOT 5 5.00 AC GEO#90402609 TAX CODES:RSP,SDS
Census Tract010806
Assessed Land Value$898,700
Assessed Improvement Value$486,300
Assessment Year2025

About this property

Welcome to modern Hill Country luxury on five flat, park-like acres in close-in Dripping Springs. Fully fenced and gated for ultimate privacy, this impeccably well-maintained estate is dotted with hundreds of majestic oak trees and offers sweeping views from every window. Inside, this recently renovated home delights at every turn. Spanning 3,932 square feet, the main residence functions with two primary-style suites plus two bedrooms and one and a half additional bathrooms. The open-concept living, dining, and kitchen area is the heart of the home, featuring vaulted ceilings, exposed beams, a custom buffet/bar, built-ins with bookcases and cabinetry, and a floor-to-ceiling Texas stone fireplace. The high-end kitchen remodel is a chef’s dream, equipped with Tahini quartz countertops, a 12-foot, leathered granite island, and extensive soft-close cabinetry. The centerpiece of the kitchen is a Thor Kitchen, 6-burner range with double ovens, surrounded by a venetian plaster vent hood. A separate scullery includes a sink, microwave, dishwasher, and refrigerator. The primary sanctuary features a wall of sliding doors leading to the patio and pool, a custom closet, Cristallo quartzite countertops, and an Italian marble shower and tub surround. Additional interior highlights include a massive mudroom with double-stacked washer/dryer capacity and a cozy family room with access to a private shaded deck. Outdoors, the resort-style amenities include a deep swimming pool, an outdoor kitchen, sports court, and an insulated, air-conditioned 1,223-square-foot workshop complete with a designated private office. Served by both a well and rainwater collection system, the property gives peace of mind, with the well pump, filtration system, roof, gutters, windows, and both HVAC units all replaced within the past four years. This extraordinary property effortlessly blends Hill Country elegance with top-tier luxury living. No HOA - animals allowed.

Investor Tools

$1,214,545Estimated Mortgage Balance
$175,606Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,968 /month
Positive
Cash Flow Estimate:
$3,656 /month

Interested in this property?

Amy Runyan

Mercer Street Group, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,286/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,507
$1,385,000
2025
$898,700
$486,300
$1,385,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,507
$1,385,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Extraco Banks Na
Conventional
$1,246,500
No
First
Feb 21, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,214,545
$577,455
32%
88%
$7,978/mo

City: Dripping Springs