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$3,250

261 Cathedral Mountain Dr, Dripping Springs, TX, 78620

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,742 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.19 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListMust-SellAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, ENERGY STAR Qualified Appliances, Exhaust Fan, Gas Range, Microwave, Plumbed For Ice Maker, Stainless Steel Appliance(s), Vented Exhaust Fan
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Private Yard
Lot Size7,187 sqft

Building Information

Year Built2024
Roof Type105
Garage Spaces3

Land Information

APNR188166
Lot Number20
SubdivisionBig Sky Ranch Phase 3 At Dripping Spring
Land UseResidential
Legal DescriptionBIG SKY RANCH PHASE 3 AT DRIPPING SPRINGS, BLOCK 42, LOT 20, ACRES 0.165 TAX CODES:GHA,RSP,SDS
Census Tract010809
Assessed Land Value$106,200
Assessed Improvement Value$396,800
Assessment Year2025

About this property

Welcome to 261 Cathedral Mountain Dr, a rare executive-collection opportunity in the highly sought-after Big Sky Ranch community of Dripping Springs. Built in 2024 by Meritage Homes, this exceptional single-story residence offers 2,749 square feet, 4 bedrooms, 3 full bathrooms, a dedicated home office, and a highly desirable 3-car garage. Positioned within a quiet street alcove of the neighborhood and with upgraded fixtures in the home. Zoned to the brand-new Wildwood Springs Elementary School. The thoughtfully designed floor plan features a private primary suite tucked away from the secondary bedrooms, creating a peaceful retreat with dual vanities, a soaking tub, separate walk-in shower, and oversized walk-in closet. At the heart of the home, the chef-inspired kitchen showcases quartz countertops, an oversized island with seating, built-in gas cooktop, built-in wall oven and microwave, stainless steel appliances, butler-style serving area, walk-in pantry, whole home water softener, water purifier, and tankless water heater. The open-concept layout seamlessly connects the kitchen, dining, and living spaces while offering a rare secondary flex living area. Additional highlights include smart home technology, dedicated laundry room, covered front and rear patios, fully fenced backyard, and no interior or exterior steps. Residents enjoy access to Big Sky Ranch's resort-style pool, playground, pavilion, trails, and community events. Barely lived in and move-in ready with appliances included, this better-than-new home offers exceptional value in one of Dripping Springs' most desirable communities.

Investor Tools

$0Estimated Mortgage Balance
$503,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,018 /month
Positive
Cash Flow Estimate:
$1,006 /month

Interested in this property?

Patrick Mcgrath

Meritage Homes Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$345/month
$45/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,620
$503,000
2025
$106,200
$396,800
$503,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,620
$503,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$538,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$45/mo
+$2,371/mo
5.8%

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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261 Cathedral Mountain Dr | Property Details | No Agent List