ActiveResidential · sale

2591 Spring Valley

Dripping Springs, TX 78620

$550,000

  • 3 beds
  • 1 baths
  • 1,444 sq ft
  • 2.74 acres
  • Built 1983

Listed by Mercer Street Group, LLC · MLS #ACT8255177

A FEW THINGS TO NOTICE

What stands out.

Living spaces

French doors off the living room open right onto the front porch, making it easy for the house to open itself up to the oaks, the fresh air, and the quiet that surrounds it.

Year built

Built in 1983.

Property size

2.74 acres listed.

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

THE PROPERTY

Get to know the property.

Sitting at the end of a quiet cul-de-sac on 2.7-acres, this property captures the kind of Dripping Springs setting people move out here hoping to find. The mature oaks, native landscape, and rolling natural terrain give it that true Hill Country feel where the land is part of the experience, not just the backdrop. There’s also a nice mix of open space and thicker tree cover, so it feels peaceful and grounded without feeling isolated. The rear views and natural drop in the land add even more depth, giving the property a little bit of that hidden-away country mood. What makes this property even harder to come by is everything wrapped around the setting. With no neighbors on three sides, Dripping Springs city water, no HOA, and very little deed restriction, this property gives you real flexibility in how you use it. Bring the horses, goats, and chickens, or simply enjoy the peace and privacy that come with having this much land around you. There’s already a barn, a large storage building, and the kind of natural beauty that makes slowing down feel easy. The farmhouse has a simple, welcoming feel that fits the setting well. French doors off the living room open right onto the front porch, making it easy for the house to open itself up to the oaks, the fresh air, and the quiet that surrounds it. It’s rare to find a place where mornings start with birdsong, evenings settle in with that unmistakable Hill Country quiet, and the stars still put on a full show, all just about 4 miles from Downtown Dripping Springs. Whether you’re building a full-time Hill Country life for yourself or creating a short-term vacation rental getaway, this property gives you the land, freedom, and setting to do something special with it. Buyer to verify all info.

THE NEIGHBORHOOD

Explore the location.

2591 Spring Valley, Dripping Springs, TX 78620

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1983
Full baths
1
Half baths
0
Garage spaces
0
Cooling
Central Air
Heating
Central, Hot Water, Propane
Appliances
Dishwasher, Microwave, Gas Oven, Free-Standing Gas Range, Stainless Steel Appliance(s), Water Heater
Flooring
Carpet, Tile, Vinyl, Wood
Fencing
Electric, Fenced, Livestock, Partial
Accessibility
None
Pool features
None
Subdivision
Springlake
Parcel
1180700000147004
Elementary school
Dripping Springs
Middle school
Dripping Springs Middle
High school
Dripping Springs
Annual property tax
$6,795.49

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
Estimated monthly rent$2,291.67
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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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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2591 Spring Valley, Dripping Springs, TX 78620 · MLS #ACT8255177

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Listing information

MLS #ACT8255177 · Austin Board of Realtors

Listing brokerage: Mercer Street Group, LLC
Listing agent: Ashley Bobel

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