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$4,499,000

NAL Estimated Property Value

7220 Creek Rd, Dripping Springs, TX, 78620

Off MarketInfo
Beds8 Beds
Baths11 Bath
Baths7,500 Sq Ft
price_per_sqft$599.87 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 8Bedrooms 8
Bathrooms Full 8Bathrooms Full 8
Bathrooms Half 3Bathrooms Half 3
Garage AvailableGarage Available
AppliancesBar Fridge, Built In Refrigerator, Dryer, Dishwasher, Free Standing Gas Range, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Range Hood, Wine Refrigerator, Washer
FlooringConcrete, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Gas Grill, Lighting, Private Entrance, Rain Gutters
Lot Size15 acres

Building Information

Year Built2013
Stories1
Garage Spaces3

Land Information

APNR115940
SubdivisionWilliam H Haggard Survey
Land UseResidential
Legal DescriptionA0008 WILLIAM H HAGGARD SURVEY, ACRES 15.00 TAX CODES:RSP,SDS
Census Tract010807
Assessment Year2025

About this property

Cricket Hill Ranch is a rare 15-acre Hill Country ranch property tucked along coveted Creek Road in Dripping Springs, surrounded by large neighboring ranches and wide-open Texas landscape. With *no restrictions and an agricultural exemption already in place, the land offers exceptional flexibility for horses, cattle, or continued agricultural use. Gently rolling pasture provides ample room for grazing, riding, or expanding ranch improvements, while mature trees and sweeping Hill Country views create a peaceful and private setting rarely found this close to Austin. The ranch is anchored by a striking Hill Country residence designed for gathering and entertaining, featuring soaring 42-foot beamed ceilings, a dramatic great room with floor-to-ceiling stone fireplace, and walls of windows framing spectacular sunsets across the property. The main home offers 5 bedrooms, each with an ensuite bath, including two primary suites—one on the main level and one upstairs—along with a game room and expansive balcony overlooking the ranch. The property is well-suited for multi-generational living, guest accommodations, or ranch operations, with additional improvements including an 800-sf bunk room with bath and kitchenette above the garage, two tiny homes, and a 1,000-sf apartment with kitchen, bath, and laundry near the barn. A rustic barn, stage, fire pit, and gathering areas add to the property’s unique charm and versatility. Outdoor living is equally impressive with wraparound covered patios, outdoor bar, and a resort-style pool overlooking the surrounding ranchland and big Texas skies. Offering privacy, usable pasture, agricultural exemption, and room for horses and livestock, Cricket Hill Ranch delivers the authentic Hill Country ranch lifestyle while remaining conveniently located near Dripping Springs, Austin, and San Antonio, and within highly acclaimed Dripping Springs ISD.

Investor Tools

Property Icon
$3,528,000
Estimated Property Value
$585,554Estimated Mortgage Balance
$2,943,898Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$26,994 /month
Positive
Cash Flow Estimate:
$8,998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,465/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$23,934
$1,378,080
2025
N/A
N/A
$2,314,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$23,934
$1,378,080

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$713,000
No
First
Sep 27, 2017
Nov 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$585,554
$3,680,446
86%
17%
$4,275/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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