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$377,000

991 Panorama Dr, Dripping Springs, TX, 78620

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,286 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$268.27 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesNone
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size28,314 sqft

Building Information

Stories1
Roof Type105
Garage Spaces2

Land Information

APNR31158
Lot Number11
SubdivisionHill Creek West
Land UseResidential
Legal DescriptionHILL CREEK WEST LOT 11 BLK E 0.65 AC GEO#90402920 TAX CODES:RSP,SDS
Census Tract010809
Assessed Land Value$172,420
Assessed Improvement Value$162,580
Assessment Year2025

About this property

Need a STR investment? This area has high demand for Short Term Rentals....Remarkable property priced to sell, nestled in the hill country of Dripping Springs. Set on an expansive lot, this property offers a tranquil backdrop, bordering a serene creek and embraced by beautiful large trees. The home is zoned for the acclaimed Dripping Springs ISD and has an exceptionally low tax rate. No mandatory HOA - Optional Deer Creek membership brings access to picturesque lakes for kayaking and fishing, a kid's park, sand volleyball courts, and scenic hiking and biking trails. A short 20-minute drive away, you'll find yourself at the vibrant Hill Country Galleria, a hub for dining and entertainment, ensuring you're never far from shopping, exquisite restaurants, and leisure activities. The home is also convenient to an abundance of breweries, wineries, and distilleries nestled along Fitzhugh Rd.

Investor Tools

Property Icon
$377,000
Estimated Property Value
$0Estimated Mortgage Balance
$377,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,262 /month
Positive
Cash Flow Estimate:
$754 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$500/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,116
$335,000
2025
$172,420
$162,580
$335,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,116
$335,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$376,000
100%
0%
$0/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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991 Panorama Dr | Property Details | No Agent List