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$979,000

312 High Plains Dr, Dripping Springs, TX, 78620

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,684 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$362.89 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Free-Standing Gas Oven, Free-Standing Gas Range, Stainless Steel Appliance(s), Water Purifier, Water Softener Owned
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size3.71 acres

Building Information

Year Built2000
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR41291
Lot Number13-15
SubdivisionSaddletree Ranch Sec 2
Land UseResidential
Legal DescriptionSADDLETREE RANCH SEC 2, LOT 13-14-15, ACRES 3.705 TAX CODES:RSP,SDS
Census Tract010818
Assessed Land Value$414,030
Assessed Improvement Value$370,610
Assessment Year2025

About this property

Discover your own piece of paradise at 312 High Plains Drive. This single-story home, perfectly positioned on your private, 3.7 acres(3 lots) and is zoned for the desirable Dripping Springs ISD. Surrounded by countless oak trees, this property offers the perfect blend of privacy and natural beauty, featuring a wet weather creek, and ample space to bring your horses and/or chickens. Step inside to find a bright and open floor plan, where an oversized, updated eat-in kitchen seamlessly that flows into the living room area, creating an inviting space for gatherings and everyday living. The home features oversized windows that bathe the interior in natural light and offer breathtaking views of the surrounding Oaks. The primary suite is a luxurious retreat, complete with a soaker tub for ultimate relaxation and a walk in closet. Additional spaces include a 4 bedrooms a study, dining room, laundry room and 2 additional bathrooms. The backyard is a true oasis, featuring a refreshing pool surrounded by natures and countless Live Oaks, ideal for cooling off on warm days or hosting outdoor gatherings. The covered patio provides a perfect spot to relax and enjoy the peaceful setting. This home has been lovingly maintained and updated with water softener, reverse osmosis in kitchen, HV/AC replacement 2016 and Roof replacement approximately 2013 new floors 2 years ago. Property allows next owner to add a casita, shop etc bring your imagination. Saddletree is in a desirable location, close to both Dripping Springs and Bee Cave for restaurants and shopping, and in one of Texas’ designated “Dark Sky” communities. Just minutes to Hill Country gems like Hamilton Pool Preserve, Reimer’s Ranch State Park and many Wineries and Distilleries. Saddletree Ranch community, residents enjoy access to a range of amenities, including a park, pickleball and tennis courts, basketball courts, and baseball/softball field.

Investor Tools

Property Icon
$979,000
Estimated Property Value
$674,000Estimated Mortgage Balance
$317,880Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,874 /month
Positive
Cash Flow Estimate:
$1,958 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$701/month
$648/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,512
$784,640
2025
$414,030
$370,610
$784,640
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,512
$784,640

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Us Bank Na
Conventional
$674,000
No
First
Apr 8, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$663,138
$302,862
31%
68%
$4,041/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.

Explore Texas Explore This Area
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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312 High Plains Dr | Property Details | No Agent List