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$752,000

NAL Estimated Property Value

256 Smoke Tree Cir, Dripping Springs, TX, 78620

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,000 Sq Ft
price_per_sqft$253.3 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOven, Built-In Gas Range, Dishwasher, Disposal, Self Cleaning Oven, Stainless Steel Appliance(s)
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size10,019 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR165717
Lot Number16
SubdivisionHeadwaters At Barton Creek Phase 2
Land UseResidential
Legal DescriptionHEADWATERS AT BARTON CREEK PHASE 2, BLOCK F, LOT 16, ACRES 0.23 TAX CODES:RSP,SDS,MHDW
Census Tract010809
Assessed Land Value$158,420
Assessed Improvement Value$568,682
Assessment Year2025

About this property

Perched atop one of the most coveted hilltops in Headwaters, this rare opportunity offers sweeping, unobstructed Hill Country views and exceptional privacy with no home behind. Properties in this section are few and far between, offering a sense of serenity that’s hard to find, and sunsets that never get old. Set on a spacious lot with room to build a custom pool, the backyard is a blank canvas for resort-style outdoor living. Whether you're relaxing on the covered patio or envisioning a dream pool with panoramic views, the potential is endless. Inside, the thoughtfully designed single-story floor plan includes 4 bedrooms, 3 full baths, a dedicated study, and a 3-car side-by-side garage, ideal for today’s flexible lifestyle. Soaring ceilings and walls of windows fill the home with natural light, while a designer-selected color palette and elevated finishes throughout add warmth and sophistication. The open-concept kitchen, dining, and living areas are the heart of the home, perfectly positioned to take in the breathtaking views. The gourmet kitchen boasts stainless steel appliances, ample cabinetry, a spacious island, and designer lighting—ideal for both everyday living and entertaining. Enjoy top-tier community amenities, trails, and parks within Headwaters, plus convenience to the brand new Wildwood Springs Elementary, opening Fall 2025. This is more than a home—it’s a rare opportunity to live above it all.

Investor Tools

Property Icon
$752,000
Estimated Property Value
$459,171Estimated Mortgage Balance
$293,686Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,559 /month
Positive
Cash Flow Estimate:
$1,520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,704/month
$459/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,692
$727,102
2025
$158,420
$568,682
$727,102
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,692
$727,102

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Priority Home Mortgage Lp
Conventional
$500,000
No
First
Dec 15, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$459,171
$292,829
38%
61%
$2,998/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.

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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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