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$920,000

361 Towering Cedar Dr, Driftwood, TX, 78619

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,296 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174.45 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOven, Dishwasher, Disposal, Gas Cooktop, Microwave, Stainless Steel Appliance(s), Water Heater
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size2.63 acres

Building Information

Year Built2017
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR129869
Lot Number43
SubdivisionRim Rock Phase Three Sec Three
Land UseResidential
Legal DescriptionRIM ROCK PHASE THREE SEC THREE, BLOCK B, LOT 43, ACRES 2.6288 TAX CODES:RSP,SDS,WGH2
Census Tract010912
Assessed Land Value$495,630
Assessed Improvement Value$651,560
Assessment Year2025

About this property

Immaculate 4/4 built in 2017 featuring a thoughtful floorplan. All 4-bedrooms & office are on the lower level, laid out in 4 separate wings, enhancing privacy. Flex room up w/full bath. White cabinetry, granite in the kitchen,baths, & wood-tile flooring. The master is a retreat taking advantage of the views while the bath is a spa-like oasis. 2.6-acre lot w/Tuff Shed for storage/workshop. Dripping Springs Schools, zoned for the new Sycamore elementary & middle. 25 minutes to Downtown Austin! 2.2% tax rateFEMA - Unknown Restrictions: Yes Sprinkler Sys:Yes

Investor Tools

Property Icon
$920,000
Estimated Property Value
$510,400Estimated Mortgage Balance
$466,545Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,520 /month
Positive
Cash Flow Estimate:
$1,840 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,462/month
$375/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,942
$906,028
2025
$495,630
$651,560
$1,147,190
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,942
$906,028

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Barton Creek Lending Group Llc
Conventional
$510,400
No
First
Aug 27, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$455,296
$456,704
50%
49%
$3,061/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,490/mo
$3,436/mo
$-946/mo
3.2%

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: Driftwood

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361 Towering Cedar Dr | Property Details | No Agent List