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$577,000

NAL Estimated Property Value

507 Meadow Oaks Dr, Dripping Springs, TX, 78620

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,658 Sq Ft
price_per_sqft$297.95 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Microwave, Oven
FlooringTile, Wood

Exterior

Exterior FeaturesOutdoor Grill, Private Yard, See Remarks
Lot Size32,670 sqft

Building Information

Year Built1994
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR17847
Lot Number8-9
SubdivisionPhilip A Smith Survey
Land UseResidential
Legal DescriptionA0415 PHILIP A SMITH SURVEY, TRACT (BETWEEN LOTS 8-9 MEADOW OAKS), ACRES 0.75 TAX CODES:GHA,RSP,SDS
Census Tract010817
Assessed Land Value$159,300
Assessed Improvement Value$321,910
Assessment Year2025

About this property

Welcome to the coveted Meadow Oaks neighborhood of Dripping Springs! This charming .75 acre lot boasts a sprawling front lawn and beautiful trees providing the perfect setting for outdoor activities and relaxation. You also have a private back patio with a cozy fire pit, ideal for unwinding after a long day or hosting outdoor gatherings. Inside you'll discover an open floor plan with a light, bright sunroom off the updated kitchen, perfect for enjoying your morning coffee or relaxing with a good book. This home also features an additional storage building along with a workshop that connects to the garage, providing ample space for all of your hobbies and storage needs. Located just a short distance from Mercer Street shopping and dining, this home offers the perfect balance of peace and quiet, while still being close to all of the action. And with easy access to 290, commuting to work or exploring the surrounding area has never been easier. Best of all, the Meadow Oaks neighborhood allows for short-term rentals, making this an excellent opportunity for anyone looking to generate extra income or host out-of-town guests. Don't miss your chance to own this beautiful property in one of Dripping Springs' most sought-after neighborhoods!

Investor Tools

Property Icon
$577,000
Estimated Property Value
$0Estimated Mortgage Balance
$577,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,462 /month
Positive
Cash Flow Estimate:
$1,154 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$949/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,502
$481,210
2025
$159,300
$321,910
$481,210
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,502
$481,210

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$556,000
100%
0%
$0/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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