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$2,500

868 Lone Peak Way, Dripping Springs, TX, 78620

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,978 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.26 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Refrigerator, Washer/Dryer
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size3,920 sqft

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR178800
Lot Number5
SubdivisionBig Sky Ranch Phase 2 At Dripping Spring
Land UseResidential
Legal DescriptionBIG SKY RANCH PHASE 2 AT DRIPPING SPRINGS, BLOCK 24, LOT 5, ACRES 0.09 TAX CODES:GHA,RSP,SDS
Census Tract010809
Assessed Land Value$106,200
Assessed Improvement Value$238,703
Assessment Year2025

About this property

Welcome to 868 Lone Peak Way, a beautifully maintained 2022-built home in the heart of Dripping Springs. This charming 3-bedroom, 2.5-bath residence offers a bright, open floor plan with modern finishes, neutral tones, and abundant natural light throughout. The main level features a spacious living area that flows seamlessly into the kitchen and dining space, creating the perfect setting for everyday living and entertaining. Upstairs, all bedrooms are thoughtfully positioned for privacy, including a comfortable primary suite with an en-suite bath, dual vanities, a walk-in shower, and a generous walk-in closet. Secondary bedrooms also offer great closet space and flexibility for guests, a home office, or a growing household. Enjoy low-maintenance outdoor living with a manageable front and backyard, ideal for relaxing without the upkeep of a larger lot. Located in the desirable Dripping Springs area, this home offers easy access to local restaurants, shopping, schools, parks, and all the Hill Country charm Dripping Springs is known for. Move-in ready and full of natural light, this home is a wonderful opportunity to enjoy modern living in one of the area’s most sought-after communities.

Investor Tools

$268,740Estimated Mortgage Balance
$146,195Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,484 /month
Positive
Cash Flow Estimate:
$828 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$725/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,627
$344,903
2025
$106,200
$238,703
$344,903
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,627
$344,903

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$285,367
No
First
Feb 27, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$268,740
$140,260
34%
65%
$1,711/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$1,711/mo
+$377/mo
6.1%

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.

Explore Texas Explore This Area
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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