ActiveResidential · sale

329 Calvary

Dripping Springs, TX 78620

$2,490,000

  • 4 beds
  • 4 baths
  • 3,573 sq ft
  • 3.83 acres
  • Built 2021

Listed by Compass RE Texas, LLC · MLS #ACT3595068

A FEW THINGS TO NOTICE

What stands out.

Living spaces

The kitchen flows seamlessly into the living room featuring soaring beamed ceilings, a wall of floor-to-ceiling windows that open up to the private backyard, and a cozy fireplace that grounds the room.

Year built

Built in 2021.

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.

Rare opportunity for sustainable, luxury Hill Country living in Dripping Springs ISD! This stunning property is situated on 3.83 picturesque acres within a premier equestrian community in one of the area's best locations. If you want more space and privacy, there is an opportunity to purchase the adjacent 3.38-acre lot, offering the potential for a massive 7.21-acre private estate. This 4 bedroom /3.5 bath home defines relaxed elegance. At the heart of the home is a chef's kitchen anchored by an oversized island with quartz countertops, a La Cornue handcrafted custom range, built-in JennAir coffee maker for the coffee aficionado, wine fridge, stainless appliances and a huge walk-in pantry. The kitchen flows seamlessly into the living room featuring soaring beamed ceilings, a wall of floor-to-ceiling windows that open up to the private backyard, and a cozy fireplace that grounds the room. Character abounds at every corner with designer finishes and fixtures throughout, "found" antique doors, custom built-ins, stained concrete floors, and an abundance of natural light.

The primary suite is the ultimate private sanctuary, featuring beamed ceilings, massive windows, and a spa-like primary bath. Features separate custom vanities, quartz countertops, walk-in shower with designer tiles from Clay imports, and a stand-alone tub perfect for unwinding after a long day.

This home was also built with sustainability in mind, including Sunpower solar panels 12kW, a Tesla Powerwall battery backup, a L2 DC 50A Chargepoint electric car charger in the garage, and a 30,000 gallon rainwater collection and filtration system.

The backyard is a true entertainer's paradise, featuring a pool, hot tub, fully equipped outdoor kitchen, trampoline, in-ground basketball hoop, and abundant recreational space. Backed by woods and plenty of trees, you'll be able to enjoy complete privacy.

This is a RARE OPPORTUNITY to experience the perfect blend of luxury and tranquility!

THE NEIGHBORHOOD

Explore the location.

329 Calvary, 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
3
Half baths
1
Garage spaces
2
Cooling
Central Air
Heating
Central
Appliances
See Remarks, Built-In Gas Range, Built-In Range, Dishwasher, Disposal, Electric Oven, RNGHD, Refrigerator, Stainless Steel Appliance(s), Water Heater, Wine Refrigerator
Flooring
Concrete, Tile
Fencing
Front Yard, Full, Gate
Accessibility
None
Pool features
Filtered, Outdoor Pool
Subdivision
Medlin Creek Ranch Ph Iv
Parcel
1153990000024004
HOA
Medlin Creek Ranch HOA
HOA amenities
See Remarks
HOA fee frequency
Annually
Elementary school
Dripping Springs
Middle school
Dripping Springs Middle
High school
Dripping Springs
Annual property tax
$26,859.10
HOA fee
$650.00

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$5,216.99
Estimated monthly rent$10,375.00
Cap rate2.76%

Annual operating income: $68,828.86

Have ERA review this rental estimate

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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329 Calvary, Dripping Springs, TX 78620 · MLS #ACT3595068

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Listing information

MLS #ACT3595068 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Amy Sims

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