




$577,000
NAL Estimated Property Value507 Meadow Oaks Dr, Dripping Springs, TX, 78620
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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!
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Dripping Springs
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