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$460,000

NAL Estimated Property Value

285 Cathedral Mountain Dr, Dripping Springs, TX, 78620

SoldInfo
7/01/26
LeaseInfo
Beds4 Beds
Baths3 Bath
Baths2,111 Sq Ft
price_per_sqft$1.47 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt In Gas Oven, Built In Gas Range, Dryer, Gas Range, Refrigerator, Water Softener Owned, Tankless Water Heater, Water Purifier, Washer
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, No Exterior Steps, Private Yard, Rain Gutters
Lot Size7,187 sqft

Building Information

Year Built2024
Roof Type105
Garage Spaces2

Land Information

APNR188168
Lot Number22
SubdivisionBig Sky Ranch Phase 3 At Dripping Spring
Land UseResidential
Legal DescriptionBIG SKY RANCH PHASE 3 AT DRIPPING SPRINGS, BLOCK 42, LOT 22, ACRES 0.165 TAX CODES:GHA,RSP,SDS
Census Tract010809
Assessed Land Value$106,200
Assessed Improvement Value$320,464
Assessment Year2025

About this property

Welcome to 285 Cathedral Mountain Drive in the heart of Big Sky Ranch—one of Dripping Springs' most desirable communities. This beautifully maintained 4-bedroom, 2.5-bath home offers 2,108 square feet of thoughtfully designed living space and has been barely lived in for just one year. Situated on a premium executive-style lot tucked away on the cul-de-sac portion of Cathedral Mountain, this home enjoys additional space, a quieter setting, and a neighborhood feel that sets it apart. The inviting front covered porch welcomes you inside to a bright, open-concept floor plan with no interior steps. The spacious layout features a flexible front office perfect for working from home, hobbies, or a second living area. The kitchen offers a built-in gas cooktop, built-in oven and microwave, abundant cabinetry, and seamless flow into the dining and living spaces. A guest powder bath and dedicated laundry room add to the home's practical design. The private primary suite overlooks the backyard and is complemented by three additional bedrooms. Ceiling fans throughout, a tankless water heater, water softener, smart home features, keyless entry, and smart garage access provide modern comfort and efficiency. Step outside to enjoy the extended covered patio and flat backyard—an ideal space for entertaining, relaxing, gardening, or play. All appliances convey, making this home truly move-in ready. Residents of Big Sky Ranch enjoy a community pool, playground, sidewalks, trails, and a welcoming neighborhood atmosphere. Minutes away are Founders Memorial Park, local boutiques, restaurants, breweries, farmers markets, and community events that make Dripping Springs one of the most desirable places to live in the Texas Hill Country. Modern, functional, and practically new—285 Cathedral Mountain is ready for you to enjoy the Big Sky Ranch lifestyle.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$327/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,620
$426,664
2025
$106,200
$320,464
$426,664
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,620
$426,664

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Fha
$494,112
Yes
First
Jun 26, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$476,355
N/A
0%
104%
$2,963/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$2,963/mo
$-547/mo
6.3%

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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285 Cathedral Mountain Dr | Property Details | No Agent List