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$1,339,000

NAL Estimated Property Value

387 Chama Trce, Dripping Springs, TX, 78620

Off MarketInfo
Beds6 Beds
Baths4 Bath
Baths3,875 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$412.9 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Half 4Bathrooms Half 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Built-In Refrigerator, Dishwasher, Gas Range, Refrigerator, Stainless Steel Appliance(s), Vented Exhaust Fan, Electric Water Heater, Tankless Water Heater, Water Softener Owned
FlooringCarpet, Concrete, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesGarden, Outdoor Grill
Lot Size2 acres

Building Information

Year Built2014
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR126975
Lot Number6
SubdivisionChama Trace
Land UseResidential
Legal DescriptionCHAMA TRACE, LOT 6, ACRES 2 TAX CODES:RSP,SDS
Census Tract010806
Assessed Land Value$427,610
Assessed Improvement Value$541,660
Assessment Year2025

About this property

This incredible 2-acre property includes a custom built 3,039 sq ft home PLUS an 836 sq ft detached guest house with its own 3-car garage. The 4-bedroom, 3-bath main residence features a bonus room, walls of windows, and oversized sliders for seamless indoor-outdoor living. The open-concept living room and kitchen have soaring 13 ft coffered ceilings, a wood-burning fireplace, custom cabinetry, a 66” commercial fridge, dual-fuel range, built-in wine storage, and a walk-in pantry with unique details and polished concrete floors. The primary bedroom has a huge glass slider opening into the pool area and the primary bath has a frameless glass shower, freestanding soaker tub and another glass slider that opens to a private deck with a fenced in garden, outdoor shower and chicken coop area. Two bedrooms share a jack and jill bathroom with a tub/shower combo. Built in 2020, the detached guest house has soaring ceilings, a full kitchen, living room, bedroom, designer bath with ADA shower, walk-in closet, and stackable washer/dryer—ideal for multi-generational living or rental income. It also includes a covered porch and 3-car garage with tree covered privacy from the main house. The9 ft deep heated pool and spa feature a waterfall, raised jumping ledge, LED lights, and beautiful pergola with curtains. Enjoy the 3-hole putting green, huge covered patio and artificial turf around the pool. The 16x16 treehouse with a pull-down movie screen is perfect for outdoor movie nights or star gazing in this dark sky community. For homesteading, keep up to 15 chickens in the coop with an automatic door. Grow veggies or flowers in the fenced garden, relax on the private deck, or cool off in the outdoor shower. Up to 2 horses are allowed on the lot. Store your boat or RV in the 16x35 ft metal carport with access to the backyard by electric gate. This one-of-a-kind property offers the best of Dripping Springs living. Call today!

Investor Tools

Property Icon
$1,339,000
Estimated Property Value
$1,257,459Estimated Mortgage Balance
$83,460Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,600 /month
Positive
Cash Flow Estimate:
$3,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,594/month
$315/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,436
$954,580
2025
$427,610
$541,660
$969,270
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,436
$954,580

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primis Mortgage Co
Conventional
$1,280,000
No
First
Apr 4, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,257,459
$329,541
20%
94%
$7,675/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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387 Chama Trce | Property Details | No Agent List