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$1,128,000

NAL Estimated Property Value

601 Blue Hills Dr, Dripping Springs, TX, 78620

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths4,309 Sq Ft
price_per_sqft$242.98 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Double Oven, Dishwasher, Energy Star Qualified Appliances, Disposal, Microwave
FlooringStone, Tile, Wood

Exterior

Exterior FeaturesPrivate Yard, Uncovered Courtyard
Lot Size1.25 acres

Building Information

Year Built2007
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR45083
Lot Number789
SubdivisionSunset Canyon Sec V
Land UseResidential
Legal DescriptionSUNSET CANYON SEC V, LOT 789, ACRES 1.251 TAX CODES:RSP,SDS
Census Tract010809
Assessed Land Value$254,110
Assessed Improvement Value$746,047
Assessment Year2025

About this property

Look no further...this hill country oasis has it all and more! Amazing custom home with special Texas flair is on 1.3 acres, has a separate business space, AND a guest house for visitors or short term rentals. First, the home...spectacular craftsmanship & artistic design, is highlighted by stone & stucco accents inside & out. Boasting a beautifully crafted vaulted wood ceilings, travertine & hand scraped wood floors, & large windows that bring the light & the outdoors in. Chef's kitchen has knotty alder cabinets with copper inlay accents, hand forged wrought iron handles, stone arch accent, gas cooktop, double ovens, walk in pantry, & luscious granite. Solid alder doors, plantation shutters, & archways throughout the home. Private master suite offers a wall of windows overlooking back garden, master spa bathroom with large walk in dual shower, double vanities with stone sinks, custom closet/dressing room w/built in alder chests & shelving. Media closet, whole house network wiring. Second main floor bedroom w/full bath great for multi-generational living or second office. Unique staircase w/wrought iron railing and saltillo tile leads to second living space and two more large bedrooms & full bath. Entertain or dine al fresco on over 1200 sq ft of stone covered patios & courtyard spaces. Now the work space...it is adjacent to circle drive parking, & has been used by the owner for years for pet grooming. It has good light, water, it's own mini-split HVAC, w/ side door for public access, keeping the home & work separate. It would be a great artist/pottery studio, or business/home office. The guest house is currently being rented month to month and could be reconfigured for many uses. Plenty of space to add full bedroom on the main level. It currently functions as a 2 bedroom loft apartment. It is private a separate from main house & has separate parking and fencing. Would be a great STR or space for extended family or guests or even another work space!

Investor Tools

Property Icon
$1,128,000
Estimated Property Value
$494,914Estimated Mortgage Balance
$634,053Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,768 /month
Positive
Cash Flow Estimate:
$2,256 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,383/month
$35/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,955
$875,160
2025
$254,110
$746,047
$1,000,157
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,955
$875,160

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Home Point Financial Corporation
Conventional
$548,250
No
First
Mar 26, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$494,914
$630,086
56%
44%
$3,288/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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601 Blue Hills Dr | Property Details | No Agent List