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$542,000

NAL Estimated Property Value

501 Hays Country Acres Rd, Dripping Springs, TX, 78620

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths2,400 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$249.58 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Gas Range, Free-Standing Gas Oven
FlooringConcrete

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size2.50 acres

Building Information

Year Built2004
Stories1
Roof Type112

Land Information

APNR110079
SubdivisionCrestview Ranch
Land UseResidential
Legal DescriptionCRESTVIEW RANCH, LOT 1A-A (REPLAT OF 1 & 1A), ACRES 2.50 TAX CODES:RSP,SDS
Census Tract010806
Assessed Land Value$236,870
Assessed Improvement Value$216,860
Assessment Year2025

About this property

Modern Barndo-Style Retreat with Spectacular Hill Country Views! This stunning 40x60 barndo-style home on 2.5 acres seamlessly blends modern comfort with the natural beauty of Hill Country living. Built to commercial-grade standards with superior insulation, it offers breathtaking panoramic views that can be enjoyed from nearly every room. The expansive deck and covered porches provide ideal spaces for entertaining, complemented by a saltwater hot tub perfectly positioned to soak in the scenery. Inside, the open kitchen and living area are bright and spacious, with polished concrete floors that are sleek and durable. A separate office space offers privacy for remote work, while the oversized mud/laundry room includes a Murphy bed, adding flexibility for guests or visitors. The home features massive windows flooding the space with natural light and bringing the outdoors in. Flexibility for Your Future Needs: While the home is currently configured as a one-bedroom, its open layout and design make it easily reconfigurable to add a second bedroom, should your needs change. This flexibility enhances the long-term value, allowing you to customize the space for a growing family or additional guests. Located in Dripping Springs ISD, the property is wired for security and features a 10,000-gallon rainwater collection system. The septic system is designed for three bedrooms (see agent for details), and the home is optimally positioned for solar panels. Just a short drive from Austin and Dripping Springs, this property offers the perfect combination of privacy, space, and Hill Country charm. VIEWS! VIEWS! VIEWS! Short Term Rentals Allowed!

Investor Tools

Property Icon
$542,000
Estimated Property Value
$475,073Estimated Mortgage Balance
$67,632Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$314/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,060
$328,770
2025
$236,870
$216,860
$453,730
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,060
$328,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$479,250
No
First
Oct 14, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$475,073
$52,927
10%
88%
$2,874/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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