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$746,060

NAL Estimated Property Value

2501 Old Red Ranch RD, Dripping Springs, TX, 78620

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths647 Sq Ft
price_per_sqft$2,704.79 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Gas Range, Gas Water Heater, Oven, Range Hood
FlooringWood

Exterior

Exterior FeaturesLighting, Private Entrance
Lot Size28.23 acres

Land Information

APNR19714
SubdivisionAbs 632
Land UseAgriculture / Farming
Legal DescriptionABS 632 MINA WILSON SURVEY 28.23 AC (W/ 7.6 BLANCO 81355) TAX CODES:RSP,SDS
Census Tract010916
Assessed Land Value$746,060
Assessment Year2025

About this property

Butterfly Ridge Ranch is a slice of Hill Country heaven with long-distance views from the 35 unrestricted acres. This wildlife-exempt gentleman's ranch offers an escape from the hustle and bustle of the city without spending half the day getting there. This picturesque escape right outside Austin, Texas, is in the beautiful hill country of Dripping Springs. There are views for miles and lovely level pastures for horses. There is also a charming cabin, sauna outbuilding, outdoor showers, bathroom facilities, pavilions, a deep well, and a septic on the property. This unrestricted land affords a multitude of uses. Several gorgeous build sites with long-distance views are perfect for your dream home, generational compound, or maybe build additional STRs. With the privacy that comes from being surrounded by larger acreage tracts. It is one of a few remaining unrestricted, large tracts like this available in the area. When you think it couldn't get any better, the property is currently under a Wildlife exemption keeping the property taxes very reasonable. The property has a charming two-bedroom cabin if you're looking for a weekend getaway. If you want some help paying for the ranch, the cabin is functioning as a short-term rental bringing in nearly $40k in 2021. The 647+/- tiny house can sleep 6 with one bedroom + loft bedroom and full bathroom. There is even an enclosed outdoor shower and laundry facility. The property would also make a fantastic wedding venue with existing pavilions and bathroom facilities in place. Or perhaps a recreational ranch for family and friends to enjoy for years to come. Close to nearby attractions like Pedernales State Park and located just west of Dripping Springs, along the 290 corridor for easy access to unique shopping, food, and beverages. Zoned to the award-winning Dripping Springs school district

Investor Tools

Property Icon
$746,060
Estimated Property Value
$707,863Estimated Mortgage Balance
$38,197Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,500 /month
Positive
Cash Flow Estimate:
$3,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$413/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,226
$746,060
2025
$746,060
N/A
$746,060
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,226
$746,060

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Live Oak Banking Company
Building Or Construction Loan
$725,000
No
First
Dec 18, 2024
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$707,863
$38,197
5%
95%
$4,347/mo

City: Dripping Springs

2501 Old Red Ranch RD | Property Details | No Agent List