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$1,217,440

NAL Estimated Property Value

601 Harmon Hills Rd, Dripping Springs, TX, 78620

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths1,132 Sq Ft
price_per_sqft$617.49 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesGas Cooktop, Gas Range, Refrigerator, Washer
FlooringConcrete

Exterior

Exterior FeaturesPrivate Entrance, Private Yard, See Remarks
Lot Size10.03 acres

Land Information

APNR29722
Lot Number11
SubdivisionHarmon Hills Sec One
Land UseResidential
Legal DescriptionHARMON HILLS SEC ONE, LOT 11, ACRES 10.03 TAX CODES:RSP,SDS
Census Tract010817
Assessed Land Value$553,640
Assessed Improvement Value$663,800
Assessment Year2025

About this property

Rare opportunity to own 10 acres of highly desirable land in Dripping Springs, complete with a charming 1 bedroom/1 bath country cottage with a 20' x20' workshop and a 12' x 12' storage shed. The property is lightly restricted, making it a versatile investment that can be used for a variety of purposes. With the ability to split the land into smaller lots, this property offers the potential for multigenerational living or to build additional homes or structures. Don't miss out on this rare chance to secure a piece of prime real estate!

Investor Tools

Property Icon
$1,217,440
Estimated Property Value
$1,510,231Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,305 /month
Positive
Cash Flow Estimate:
$2,435 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,193/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,224
$1,217,440
2025
$553,640
$663,800
$1,217,440
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,224
$1,217,440

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank And Trust Co Inc
Commercial
$300,000
No
First
Mar 6, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,510,231
N/A
0%
124%
$9,346/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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