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$931,213

NAL Estimated Property Value

3700 Elder Hill Rd, Driftwood, TX, 78619

Recently SoldInfo
9/03/26
Beds4 Beds
Baths4 Bath
Baths3,338 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$236.67 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesFree Standing Refrigerator, Gas Cooktop, Microwave, Oven, Water Purifier Owned, Range Hood
FlooringTile, Wood

Exterior

Exterior FeaturesNone
Lot Size5.15 acres

Building Information

Year Built2016
Stories1
Garage Spaces3

Land Information

APNR32075
SubdivisionHimmelblau (Unrecorded Subd)
Land UseResidential
Legal DescriptionABS 547 J L ELDER SURVEY 5.15 AC GEO#90604032 TAX CODES:RSP,SHA,ACCD
Census Tract010806
Assessed Land Value$536,560
Assessed Improvement Value$469,440
Assessment Year2025

About this property

Now offered well below its recent appraisal and priced to sell quickly, this custom Tillson built home presents a rare opportunity in Driftwood for buyers seeking land, water, and long term value. Set on 5.15 private acres with Gatlin Creek running directly through the property, the land is the highlight. With no HOA and direct creek frontage, the property offers space to garden, keep animals, explore, or simply enjoy the sound of water moving through your own acreage. The combination of usable land and natural water access is increasingly difficult to find at this price point. The 2,513 square foot residence features 10 foot ceilings, 8 foot doors, reclaimed wood flooring, travertine tile, solid cabinetry, and granite countertops. The kitchen includes KitchenAid appliances, a commercial style cooktop, and upgraded vent hood, designed for everyday living and entertaining. The primary suite offers a private wet bar with mini fridge, while bedrooms two and three share a Jack and Jill bath. Energy Star certified with Trane HVAC, dual water heaters, whole home surge protection, 340 amp electrical service, advanced air and water filtration, and Ethernet wiring throughout. A detached guest house of approximately 625 square feet with half bath provides flexibility for guests, office, or studio use. Additional improvements include a large three section storage shed, fenced garden and chicken areas, dual well tanks, water features, and a conveyed geodesic dome offered as is. Located minutes from Driftwood wineries and dining, including Salt Lick BBQ, with convenient access to Dripping Springs, Wimberley, and South Austin. This property delivers private acreage living with the benefit of proximity to daily amenities and major employment corridors. The home appears in a mapped flood zone. The residence was elevated with engineered fill and sits above the floodplain. Buyers to verify flood designation and insurance requirements.

Investor Tools

Property Icon
$931,213
Estimated Property Value
$499,705Estimated Mortgage Balance
$435,334Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,587 /month
Positive
Cash Flow Estimate:
$1,862 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,498/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,323
$931,213
2025
$536,560
$469,440
$1,006,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,323
$931,213

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southstar Bank Ssb
Conventional
$548,250
No
First
Sep 16, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$499,705
$431,508
46%
54%
$3,288/mo

City: Driftwood

3700 Elder Hill Rd | Property Details | No Agent List