ActiveResidential · sale

266 Diamond Point

Dripping Springs, TX 78620

$429,000

  • 3 beds
  • 3 baths
  • 2,561 sq ft
  • 0.11 acres
  • Built 2017

Listed by eXp Realty, LLC · MLS #ACT8137320

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

The primary suite is a true retreat, featuring a private walk-out balcony, double vanity, garden tub, and oversized shower.

Year built

Built in 2017.

Garage parking

2 garage spaces listed.

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

THE PROPERTY

Get to know the property.

PRICE IMPROVEMENT! At $449,000, this home is an exceptional opportunity to get 2,560 sq ft of living space at an unbeatable price point. Come see this stunning two-story home on a premium corner lot in Texas Heritage Village — nestled in the heart of charming Dripping Springs, where small-town warmth meets everyday convenience. With spacious, thoughtfully designed living space across two floors and abundant storage throughout, this home is perfect for families looking for the ideal place to call home.
The open-concept main level features beautiful hardwood floors, a private office with French doors, and a kitchen with white cabinetry, stainless steel appliances, a large island with breakfast bar, and an oversized pantry. A tucked-away drop zone, in-ceiling surround sound speakers, and a half bath round out the main floor. The office and powder bath are ideally situated to convert to a first-floor bedroom and full bath for added flexibility.
Upstairs, a spacious game room with a built-in desk area connects the bright and airy primary suite to two additional bedrooms, each with generous walk-in closets. The primary suite is a true retreat, featuring a private walk-out balcony, double vanity, garden tub, and oversized shower.
This location delivers walkability in every direction. One lot from the sidewalk path to Mercer Street in the heart of downtown Dripping Springs, a short stroll to Founders Park with its pool, sports fields, trails, and skate park, and just steps from TCBY, Schlotzsky's, and Slice Street Pizza. H-E-B is half a mile away. Commuters will love the safe, signalized access to Highway 290 and direct access to Highway 12.
Enjoy the benefits of low taxes and the highly regarded Dripping Springs ISD. Just minutes from downtown Dripping Springs, local breweries, wineries, and restaurants — and only 20 minutes to South Austin and the Bee Cave Galleria. All the charm of Hill Country living, with everything you need right outside your door.

THE NEIGHBORHOOD

Explore the location.

266 Diamond Point, Dripping Springs, TX 78620

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2017
Full baths
2
Half baths
1
Garage spaces
2
Cooling
Central Air, Electric
Heating
Central, Natural Gas
Appliances
Dishwasher, Disposal, Gas Range, Microwave
Flooring
Carpet, Tile, Wood
Fencing
None
Accessibility
None
Pool features
None
Subdivision
Texas Heritage Village Sec 4
Parcel
118691000C037004
HOA
Texas Heritage Village HOA
HOA amenities
Common Area Maintenance
HOA fee frequency
Monthly
Elementary school
Dripping Springs
Middle school
Dripping Springs Middle
High school
Dripping Springs
HOA fee
$45.00

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
Estimated monthly rent$1,787.50
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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266 Diamond Point, Dripping Springs, TX 78620 · MLS #ACT8137320

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Listing information

MLS #ACT8137320 · Austin Board of Realtors

Listing brokerage: eXp Realty, LLC
Listing agent: Kasey Rhodes

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