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$438,950

NAL Estimated Property Value

288 Sawtooth Mountain Way, Dripping Springs, TX, 78620

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,400 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.38 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Exhaust Fan, Gas Range, Microwave, Gas Oven, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Water Heater
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size10,367 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNR170714
Lot Number5
SubdivisionBig Sky Ranch Phase 1 At Dripping Spring
Land UseResidential
Legal DescriptionBIG SKY RANCH PHASE ONE AT DRIPPING SPRINGS, BLOCK 8, LOT 5, ACRES 0.238 TAX CODES:GHA,RSP,SDS
Census Tract010809
Assessed Land Value$106,200
Assessed Improvement Value$332,750
Assessment Year2025

About this property

This beautiful two-story, open floor plan, Meritage Home sits on .24 acres with views of the hill country. In the highly sought after Big Sky Ranch, this home offers 4 beds, 3.5 baths, two living rooms, and a bonus room leaving ample space for everyone. The main living room boasts natural light with high ceilings, built in shelving, and vinyl plank flooring. The open floor plan includes the dining room and eat-in kitchen with granite countertops, farmhouse sink, stainless appliances, and bill-pay desk. The laundry room, steps from the garage, includes a washer and dryer and extra storage under the stairs. The primary bedroom has high ceilings, built-in nightstands, and a view of the backyard. The primary bathroom has a walk-in shower, soaking tub, dual vanity sinks with granite counter tops, and two primary closets. Wrought iron spindle railing lead to the second floor with the additional living room/family room, bonus room, and remaining bedrooms/bathrooms. There are two bathrooms upstairs with quartz countertops and storage. One has a shower/tub combo, and the other has a walk-in shower. Each bedroom has walk-in closets and high ceilings. The fully fenced backyard has a covered patio with views of the hill country. A newly built community pool and playground is now available just minutes away! In Dripping Springs ISD, 5 Minutes from Downtown Dripping Springs, 5 Minutes from HEB, you do not want to miss this!

Investor Tools

Property Icon
$438,950
Estimated Property Value
$285,992Estimated Mortgage Balance
$153,526Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,634 /month
Positive
Cash Flow Estimate:
$878 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$761/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,936
$438,950
2025
$106,200
$332,750
$438,950
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,936
$438,950

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$318,688
No
First
Dec 9, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$285,992
$206,008
41%
65%
$1,911/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$1,911/mo
+$177/mo
5.7%

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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288 Sawtooth Mountain Way | Property Details | No Agent List