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$746,060

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

$969,878 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths647 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$2,704.79 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1

Exterior

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
$0Estimated Mortgage Balance
$38,197Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$969,878
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

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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