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$399,990

515 Bishop Wood RD, Dripping Springs, TX, 78620

$427,109 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,289 Sq Ft
price_per_sqft$174.74 / sqft
Year BuiltBuilt in 2026

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesBuilt In Oven, Dishwasher, Energy Star Qualified Appliances, Exhaust Fan, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Self Cleaning Oven, Stainless Steel Appliances, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesIn Wall Pest Control System, Lighting, No Exterior Steps, Private Yard

Building Information

Garage Spaces2

About this property

The Abernathy is a versatile two-story home that combines open-concept living with flexible spaces designed to grow with your needs. The welcoming foyer opens into a bright, open layout where the kitchen, dining room, and family room connect seamlessly—ideal for everyday living and entertaining. The kitchen features a spacious island and ample counter space, while a nearby powder room adds convenience. An attached 2-car garage offers easy access to the home. For added flexibility, the first floor includes an office area with a powder bath, making it perfect space for working from home. Outdoor living is enhanced with a covered patio. Upstairs, the owner's suite serves as a private retreat with a spacious bedroom, walk-in closet, and a stand up shower, and a beautiful soaking tub in the primary bathroom.

Investor Tools

$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$427,108
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Patrick Easter

M/I Homes Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$600/month
5.947%

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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515 Bishop Wood RD | Property Details | No Agent List