ActiveResidential · sale

121 Starfire

Dripping Springs, TX 78620

$799,000

  • 5 beds
  • 5 baths
  • 3,807 sq ft
  • 0.23 acres
  • Built 2021

Listed by Compass RE Texas, LLC · MLS #ACT5265565

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2021.

Garage parking

3 garage spaces listed.

Property size

0.23 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Discover modern Hill Country living in Headwaters at 121 Starfire Drive. Built in 2021 and meticulously maintained, this two-story home offers 5 bedrooms, 4.5 baths, a 3 car-garage, a dedicated office, game room and 3,807 sq. ft. of thoughtfully designed living space all set on a 1/4 acre lot with greenspace along the side and rear, providing added privacy and a peaceful setting rarely found. The main level features an open, light-filled floor plan ideal for both everyday living and entertaining. The chef-ready kitchen offers abundant cabinetry, premium appliances, and a large center island that opens seamlessly to the living and dining areas—perfect for gatherings large and small. Two bedrooms are located downstairs, including the private primary suite with a spa-inspired bath and expansive walk-in closet, plus a guest bedroom with an en-suite bath. A dedicated home office offers excellent flexibility for remote work or quiet study. Upstairs, you’ll find 3 additional bedrooms, 2 full bathrooms, and a spacious game room, creating versatile space for family, guests, media, or recreation. A 3-car garage adds everyday convenience, storage, and room for hobbies. The level backyard provides ample room for outdoor entertaining, play space, or future customization. This home is within walking distance of the brand-new Wildwood Springs Elementary school and The Prep Preschool, both located within the Headwaters community—an exceptional benefit for families. Residents enjoy resort-style Headwaters amenities including pools, a state-of-the-art fitness center, clubhouse with coffee shop, miles of scenic trails and sidewalks, the newly opened Oakwood Public Market, and frequent community events. All just minutes from downtown Dripping Springs, award-winning Dripping Springs ISD, and easy access to Austin and the Texas Hill Country. Sellers are offering a $7,500 fence & carpet allowance.

THE NEIGHBORHOOD

Explore the location.

121 Starfire, Dripping Springs, TX 78620

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2021
Full baths
4
Half baths
1
Garage spaces
3
Cooling
Central Air, Electric
Heating
Central
Appliances
Built-In Gas Oven, Built-In Gas Range, Convection Oven, Dishwasher, Disposal, Microwave, RNGHD, Water Heater
Flooring
Carpet, Tile, Wood
Fencing
See Remarks, Back Yard, Partial
Accessibility
None
Pool features
None
Subdivision
Headwaters
Parcel
113723000F007004
HOA
Headwaters HOA
HOA amenities
Common Area Maintenance, Internet
HOA fee frequency
Quarterly
Elementary school
WildwoodSprings
Middle school
Dripping Springs Middle
High school
Dripping Springs
Annual property tax
$21,373.00
HOA fee
$459.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$476.03
Estimated monthly rent$3,329.17
Cap rate0.96%

Annual operating income: $7,709.83

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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121 Starfire, Dripping Springs, TX 78620 · MLS #ACT5265565

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Listing information

MLS #ACT5265565 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Alexia Dauterive

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.