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$970,000

NAL Estimated Property Value

479 Crosswater Ln, Dripping Springs, TX, 78620

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,526 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$277.94 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Lot Size12,023 sqft

Building Information

Year Built2019
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR160809
Lot Number3
SubdivisionCaliterra
Land UseResidential
Legal DescriptionCALITERRA PHASE TWO SEC EIGHT, BLOCK L, LOT 3, ACRES 0.276 TAX CODES:RSP,SDS,DHA1
Census Tract010807
Assessed Land Value$216,830
Assessed Improvement Value$503,666
Assessment Year2025

About this property

Located in Caliterra, this home is truly better than new. The current owners have already completed the high-end customizations and thoughtful landscaping that typically take months after a new build—allowing the next owner to simply move in and enjoy. The home offers four spacious bedrooms, including a private guest suite set apart with its own ensuite bath and large walk-in closet—ideal for visitors or multigenerational living. The primary suite is simply stunning, showcasing sweeping Hill Country views, a spa-inspired bath, and custom his-and-hers walk-in closets that elevate both style and function. The open-concept living area is filled with natural light and anchored by a beautifully designed kitchen featuring built-in stainless steel appliances, a large center island, and a dedicated dining area that flows effortlessly into the main living space. A one-of-a-kind wine room adds a distinctive touch, complete with a state-of-the-art under-counter wine refrigerator and custom box shelving for a truly unique feel. Outdoor living shines here with a seller-added custom outdoor kitchen, an extra-large expanded covered back patio, TV connection, and outdoor fireplace—perfect for entertaining or relaxing year-round. The lot itself is exceptional, with no neighbor on one side and greenbelt space both behind and to the side, creating a sense of privacy rarely found. Living in Caliterra means enjoying miles of hiking and biking trails, a resort-style pool, and abundant open green space. This home offers the luxury of a custom build paired with the comfort and character of an established neighborhood—an exceptional opportunity in one of Dripping Springs’ most sought-after communities.

Investor Tools

Property Icon
$970,000
Estimated Property Value
$348,006Estimated Mortgage Balance
$209,497Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,880 /month
Positive
Cash Flow Estimate:
$1,960 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,745/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,088
$720,496
2025
$216,830
$503,666
$720,496
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,088
$720,496

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Bank
Conventional
$385,509
No
First
Apr 12, 2021
May 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$348,006
$641,994
64%
36%
$2,312/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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479 Crosswater Ln | Property Details | No Agent List