ActiveResidential · sale

298 Canal

Dripping Springs, TX 78620

$790,000

  • 4 beds
  • 4 baths
  • 3,285 sq ft
  • 0.24 acres
  • Built 2024

Listed by Christies Intl Real Estate Lone Star · MLS #ACT9175130

A FEW THINGS TO NOTICE

What stands out.

Living spaces

Because the kitchen looks straight into the living room, you can keep an eye on the game or chat with guests while prepping dinner.

Details worth a look

Just beyond the living room, a large covered back patio opens up to a private yard, giving you the perfect outdoor setup for dining outside or relaxing in the evenings.

Year built

Built in 2024.

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

THE PROPERTY

Get to know the property.

Tucked away on a quiet cul-de-sac, this 4-bedroom, 3.5-bathroom Caliterra single-family home welcomes you in with an excellent mix of open shared spaces and quiet, private corners; perfect for anyone looking to plug into the Hill Country lifestyle. The layout makes sense the second you step inside! Right off the entry foyer, you have a dedicated home office where you can shut the door and hop on a call or tackle daily tasks. Then the home opens up into a dining area with soaring two-story high ceilings that let the sunshine pour all the way across the lower level. The kitchen is set up to be the spot where everyone hangs out, featuring a huge center island, quartz countertops, warm wood cabinetry, and stainless steel appliances. Because the kitchen looks straight into the living room, you can keep an eye on the game or chat with guests while prepping dinner. The primary bedroom is located on the main floor, giving you a quiet downstairs getaway at the end of the day. The attached primary ensuite bath feels like a private spa, complete with a dual vanity, a standalone soaking tub for relaxing, and a huge walk-in shower. Upstairs is essentially a separate zone for guests or recreation. A large game room sits at the center, giving everyone a second living space for movie nights or board games, along with 3 upstairs bedrooms and 2 full bathrooms. Just beyond the living room, a large covered back patio opens up to a private yard, giving you the perfect outdoor setup for dining outside or relaxing in the evenings. The 3-car garage has been upgraded with an epoxied floor. The best part of living in the Caliterra neighborhood is the lifestyle! There are neighborhood nature trails, a resort-style pool, a dog park, and The Hall; a community hub that overlooks Onion Creek. You're also only about a 1.5 miles from Hwy 290 and Mercer Street. Plus, when you need to head into the city, it’s only a 26-mile drive to Downtown Austin and 31 miles to the Austin Airport.

THE NEIGHBORHOOD

Explore the location.

298 Canal, Dripping Springs, TX 78620

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2024
Full baths
3
Half baths
1
Garage spaces
3
Cooling
Central Air
Heating
Central
Appliances
Built-In Oven(s), Dishwasher, Disposal, Gas Cooktop, Microwave, RNGHD, Stainless Steel Appliance(s), Water Heater
Flooring
Carpet, Tile
Fencing
Back Yard, Privacy, Wood
Accessibility
None
Pool features
None
Subdivision
Caliterra
Parcel
111089000I032004
HOA
Caliterr
HOA amenities
Common Area Maintenance
HOA fee frequency
Annually
Elementary school
Walnut Springs
Middle school
Dripping Springs Middle
High school
Dripping Springs
Annual property tax
$20,797.10
HOA fee
$1,500.00

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$522.99
Estimated monthly rent$3,291.67
Cap rate1.04%

Annual operating income: $8,250.93

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

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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298 Canal, Dripping Springs, TX 78620 · MLS #ACT9175130

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Listing information

MLS #ACT9175130 · Austin Board of Realtors

Listing brokerage: Christies Intl Real Estate Lone Star
Listing agent: Benee Arndt

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