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$483,000

NAL Estimated Property Value

331 Sawtooth Mountain Way, Dripping Springs, TX, 78620

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,443 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.49 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,098 sqft

Building Information

Year Built2020
Stories1
Garage Spaces1

Land Information

APNR170691
Lot Number7
SubdivisionBig Sky Ranch Phase 1 At Dripping Spring
Land UseResidential
Legal DescriptionBIG SKY RANCH PHASE ONE AT DRIPPING SPRINGS, BLOCK 7, LOT 7, ACRES 0.14 TAX CODES:GHA,RSP,SDS
Census Tract010809
Assessed Land Value$106,200
Assessed Improvement Value$343,290
Assessment Year2025

About this property

Experience the perfect blend of modern luxury and Hill Country charm in this meticulously maintained, like-new home, thoughtfully designed to accommodate both lively gatherings and quiet retreats. The open-concept interior is bathed in natural light, showcasing designer touches and significant recent upgrades, including a 2025 primary bath shower renovation and stylish accent walls added throughout the home. The home features a dedicated media and playroom, which comes complete with a surround sound system and TV mounts, ready for your next movie night. Retreat to the serene primary suite, where a newly installed barn door leads to a spa-inspired bath, providing a private sanctuary for relaxation. Step outside to discover a massive, fully fenced backyard that offers a true outdoor oasis for all ages. Whether you are hosting around the custom outdoor fire pit area installed in 2023 or running in the expansive green space, this yard is built for making memories. Practicality meets style with the inclusion of a storage shed and a 2024 permanent holiday lighting system that adds a festive touch year-round without the hassle. Located in a sought-after Dripping Springs neighborhood, this home offers an unparalleled lifestyle with incredible amenities just steps from your door. Enjoy easy access to great walking trails, neighborhood facilities, and a direct connection to a city park. The vibrant community is within walking distance of downtown Dripping Springs, putting local boutiques and dining at your fingertips. With a an ideal layout and a location that captures the best of the Hill Country, this move-in-ready gem is waiting for you to call it home.

Investor Tools

Property Icon
$483,000
Estimated Property Value
$295,220Estimated Mortgage Balance
$187,780Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,909 /month
Positive
Cash Flow Estimate:
$970 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$748/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,566
$449,490
2025
$106,200
$343,290
$449,490
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,566
$449,490

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$327,676
No
First
Mar 30, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$295,220
$184,780
38%
61%
$1,965/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$1,965/mo
+$123/mo
5.2%

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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331 Sawtooth Mountain Way | Property Details | No Agent List