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Days43Days on Market
Views1view

$200,000

348 Vail River RD, Dripping Springs, TX, 78620

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.92 acres

Land Information

APNR163826
Lot Number12
SubdivisionNorthridge Phase 3
Land UseResidential
Legal DescriptionNORTHRIDGE PHASE 3, LOT 12, ACRES 1.923 TAX CODES:RSP,SDS
Census Tract010817
Assessed Land Value$166,170
Assessment Year2025

About this property

Escape to your own slice of the Texas Hill Country on this stunning 1.9+ acre lot nestled within an exclusive, gated enclave off scenic Fitzhugh Road. With panoramic views stretching across the rolling hills and dark, star-filled skies overhead, this is the setting you have been waiting for to build the home you have always imagined. Light deed restrictions with easy variance approvals mean you have the freedom to bring your own builder and craft a truly custom home. Whether you envision a sprawling Hill Country estate, a modern farmhouse, or a private retreat complete with a pool and guest quarters, this lot gives you the canvas to make it happen. Step outside your gate and you are minutes from the renowned Fitzhugh Road corridor, home to world class wineries, craft breweries, and celebrated distilleries including Treaty Oak Distilling. Hamilton Pool Preserve, one of Texas's most breathtaking natural wonders, is just a short drive away. When the city calls, downtown Austin is approximately 30 minutes east, making this the perfect balance of peaceful Hill Country living and urban convenience. Zoned to the highly acclaimed Dripping Springs ISD, this property is as practical as it is beautiful. Lots of this caliber in gated communities with acreage, views, and proximity to Austin are increasingly rare. This is a genuine opportunity to plant roots in one of the most desirable corridors in all of Central Texas.

Investor Tools

Property Icon
$179,000
Estimated Property Value
$0Estimated Mortgage Balance
$41,256Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

Interested in this property?

Kyle Milligan

Team West Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$291/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,599
$166,170
2025
$166,170
N/A
$166,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,599
$166,170

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Regional Bank
Conventional
$140,000
No
First
Jul 31, 2025
Aug 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$137,744
$41,256
23%
77%
$840/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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348 Vail River RD | Property Details | No Agent List