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$1,095,000

NAL Estimated Property Value

296 Prairie Clover Dr, Dripping Springs, TX, 78620

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,464 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$310.33 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOven, Dishwasher, Disposal, Gas Cooktop, Microwave, Gas Oven, Stainless Steel Appliance(s), Washer/Dryer, Water Heater, Tankless Water Heater
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesUncovered Courtyard, Rain Gutters

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR172457
Lot Number5
SubdivisionEsperanza Subdivision Phase 1
Land UseResidential
Legal DescriptionESPERANZA SUBDIVISION PHASE 1, BLOCK 4, LOT 5 TAX CODES:GHA,RSP,SDS
Census Tract010817
Assessed Land Value$150,450
Assessed Improvement Value$832,170
Assessment Year2025

About this property

Located in the Esperanza neighborhood, this Toll Brothers 2022-built Zilker Modern Farmhouse sits on a 0.825 acre lot with $200K in upgrades. This 4-bedroom, 4.5-bathroom home combines designer finishes with beautiful design as each bedroom has its’ own bathroom. Just minutes from Dripping Springs Middle School and Walnut Springs Elementary, it offers easy access to the schools along with some of Drip’s most famous wineries, distilleries, and breweries. Inside, 20-foot glass sliders flood the home with natural light, blending indoor and outdoor living with a large covered patio that has massive remote controlled sun shades for privacy and comfort. Designer upgrades include black interior doors, upgraded light fixtures, and window treatments, with blackout curtains in the primary suite and pull down shades throughout. The open floor plan features a spacious living and dining area, while the chef’s kitchen includes a walnut colored island with quartz countertops and a trayed ceiling showcasing the designer lighting in the dining space. The primary suite has large windows with a door leading to the back patio, a massive primary bathroom with a soaking tub, walk through shower and large closet. The office has glass doors and a large picture window overlooking the front courtyard where you can enjoy a glass of wine or enjoy another entertaining space with privacy. Both front and back patios are sealed and stained, with remote-controlled electric sunshades on the oversized back patio providing year-round comfort and privacy. A professionally designed backyard landscape added sod, xeriscaping, irrigation extensions, and 18 newly planted trees, creating a private backyard retreat that is fully fenced for your furry friends. With modern farmhouse charm, high-end upgrades, and a prime location in Dripping Springs ISD, 296 Prairie Clover is a rare opportunity to own such a beautiful Toll Brothers home on a large lot. Schedule a tour today!

Investor Tools

Property Icon
$1,095,000
Estimated Property Value
$1,052,757Estimated Mortgage Balance
$43,843Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,570 /month
Positive
Cash Flow Estimate:
$2,190 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,722/month
$950/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,185
$982,620
2025
$150,450
$832,170
$982,620
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,185
$982,620

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Va
$1,070,000
Yes
First
May 2, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,052,757
$8,243
0%
96%
$6,416/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$7,366/mo
$-4,950/mo
2.6%

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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296 Prairie Clover Dr | Property Details | No Agent List