ActiveResidential · sale

307 Cathedral Mountain

Dripping Springs, TX 78620

$589,995

  • 5 beds
  • 4 baths
  • 3,369 sq ft
  • 0.17 acres
  • Built 2024

Listed by Keller Williams Realty · MLS #ACT6288076

A FEW THINGS TO NOTICE

What stands out.

Living spaces

The main floor is designed for both everyday comfort and effortless entertaining, with an open concept living area that flows seamlessly into the kitchen and dining spaces.

Details worth a look

Just off the dining area, a covered patio creates an easy extension for outdoor dining, morning coffee, or relaxing evenings in your increasingly private backyard.

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.

Skip the wait for privacy and shade! Tucked away on a quiet cul-de-sac street in Big Sky Ranch, this home offers rare peace of mind with a protected lot across the street that remains undeveloped, showcasing the beautiful Eastern views of the hill country. The backyard has already been enhanced with four mature trees and a dedicated irrigation system, providing an established feel from day one unlike standard new construction. Completed in 2024, this thoughtfully designed Meritage Homes residence offers 5 bedrooms, 4 full bathrooms, and approximately 3,369 square feet of beautifully planned living space across two levels. The main floor is designed for both everyday comfort and effortless entertaining, with an open concept living area that flows seamlessly into the kitchen and dining spaces. The kitchen features a large center island with breakfast bar seating, gas cooktop, stainless steel appliances, generous cabinetry, and a walk in pantry. Just off the dining area, a covered patio creates an easy extension for outdoor dining, morning coffee, or relaxing evenings in your increasingly private backyard. The primary suite is privately situated on the main level and includes a spacious bedroom, large walk in closet, and an en suite bath with dual vanities, soaking tub, and separate shower. Also on the first floor are a secondary bedroom and full bathroom, along with a dedicated office offering flexibility for remote work, guests, or multi generational living. The three car garage adds everyday functionality. Upstairs, the layout expands to include a large central family room, a separate bonus room ideal for media, play, or hobbies, plus three additional bedrooms, including one with a private en suite bathroom. An additional full bathroom serves the remaining bedrooms. Residents enjoy access to community amenities including a pool and park areas, all within highly regarded DSISD.

THE NEIGHBORHOOD

Explore the location.

307 Cathedral Mountain, 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
4
Half baths
0
Garage spaces
3
Cooling
Central Air
Heating
Central
Appliances
Dishwasher, Disposal, Exhaust Fan, Gas Cooktop, Gas Range, Microwave, Oven, Stainless Steel Appliance(s)
Flooring
Carpet, Vinyl
Fencing
Back Yard, Fenced, Wood
Accessibility
None
Pool features
None
Subdivision
Big Sky Ranch
Parcel
1103960042024004
HOA
Goodwin Management
HOA amenities
Common Area Maintenance, Maintenance Grounds
HOA fee frequency
Monthly
Elementary school
WildwoodSprings
Middle school
Dripping Springs Middle
High school
Dripping Springs
Annual property tax
$11,260.90
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$794.32
Estimated monthly rent$2,458.31
Cap rate1.87%

Annual operating income: $11,006.87

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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307 Cathedral Mountain, Dripping Springs, TX 78620 · MLS #ACT6288076

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Listing information

MLS #ACT6288076 · Austin Board of Realtors

Listing brokerage: Keller Williams Realty
Listing agent: Ashley Tullis

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