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$1,112,000

383 Cortaro Dr, Dripping Springs, TX, 78620

Off MarketInfo
Beds6 Beds
Baths4 Bath
Baths3,907 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$255.95 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size33,106 sqft

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR173908
Lot Number20
SubdivisionCortaro Subdivision
Land UseResidential
Legal DescriptionCORTARO SUBDIVISION, LOT 20, ACRES 0.76 TAX CODES:GHA,RSP,SDS
Census Tract010817
Assessed Land Value$88,500
Assessed Improvement Value$901,400
Assessment Year2025

About this property

**PRICED TO SELL!** $250,000 PRICE REDUCTION OFF OLP MADE BY MOTIVED SELLERS, PRICE PER SQFT IS ONE OF THE LOWEST IN THE AREA!! SELLERS ARE RELOCATING AND NEEDING TO SELL IMMEDIATELY SO BRING ALL OFFERS! This newly built, ultra stylish home has it all! Located in popular Dripping Springs this single story residence gives you the most bang for your buck situated on over 3/4 of an acre and boasting tons of upgrades. A low tax rate of 2.15% stands out in this new subdivision. The roomy 3-car garage and spacious driveway provide plenty of space for all of your vehicles. A walkway guides you to exterior steps that lead up to the modern iron front door. A bright entrance foyer, and a view of the living room greet you as soon as you enter. Several windows with recessed light fixtures illuminate the common area. The open concept living room features 16 ft ceilings, and a stone fireplace with built-in cabinets! Multiple living/dining areas help ensure that guests will feel comfortable and at home when visiting. The kitchen a huge center island/breakfast bar combo, sleek countertops, a gas range, and a built-in oven. It also includes a charming backsplash, pull-out trash, and a pantry outlet for small appliances. A breakfast nook is adjacent to the kitchen and features an abundance of natural light and tray ceilings. There are 4 bedrooms/3.5 bathrooms and an office with a floor plug in the home. Each bedroom contains wood flooring, high ceilings, and several have outlets at 60” off the floor for easy tv mounting. The Owner's Suite includes tray ceilings, a wall of windows, and an on-suite bathroom that has dual vanities, a free-standing soaking tub, and a roomy walk-in shower with double shower heads. It also includes a his and hers split walk-in closet. Out back, there is a large covered patio and outdoor kitchen making this home perfect for entertaining. Conveniently located within a mile from the heart of Downtown Dripping Springs. Accepting back up offers.

Investor Tools

Property Icon
$1,112,000
Estimated Property Value
$726,200Estimated Mortgage Balance
$362,144Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,672 /month
Positive
Cash Flow Estimate:
$2,224 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,695/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,779
$989,900
2025
$88,500
$901,400
$989,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,779
$989,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$726,200
No
First
Feb 27, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$751,153
$239,847
24%
68%
$4,774/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.

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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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383 Cortaro Dr | Property Details | No Agent List