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$423,000

981 Lone Peak Way, Dripping Springs, TX, 78620

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,948 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$226.03 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, ENERGY STAR Qualified Appliances, Gas Cooktop, Microwave, Oven, Tankless Water Heater
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size4,182 sqft

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR178788
Lot Number18
SubdivisionBig Sky Ranch Phase 2 At Dripping Spring
Land UseResidential
Legal DescriptionBIG SKY RANCH PHASE 2 AT DRIPPING SPRINGS, BLOCK 23, LOT 18, ACRES 0.096 TAX CODES:GHA,RSP,SDS
Census Tract010809
Assessed Land Value$106,200
Assessed Improvement Value$287,440
Assessment Year2025

About this property

Brand NEW energy-efficient home! Tucked at the rear of the home, the Sussex’s private first floor primary suite combines convenience with luxury. Upstairs, the kids will love the huge game room, handy pocket office and bedrooms with walk-in closets. Amenities will include: amenity center with a pool, splash pad and playground, plus trails with connectivity to the adjacent Founders Memorial Park. Schools located in award-winning Dripping Spring ISD.

Investor Tools

Property Icon
$423,000
Estimated Property Value
$300,000Estimated Mortgage Balance
$142,451Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,642 /month
Positive
Cash Flow Estimate:
$881 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$782/month
$45/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,264
$393,640
2025
$106,200
$287,440
$393,640
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,264
$393,640

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$300,000
No
First
Nov 15, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$280,549
$142,451
33%
66%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$1,844/mo
+$244/mo
5.9%

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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