ActiveResidential · sale

1900 Pursley

Dripping Springs, TX 78620

$3,200,000

  • 5 beds
  • 7 baths
  • 4,357 sq ft
  • 12 acres
  • Built 1966

Listed by Compass RE Texas, LLC · MLS #ACT3937424

A FEW THINGS TO NOTICE

What stands out.

Additional spaces

Two detached studio ADUs offer exceptional flexibility for guests or rental income.

Details worth a look

Inside, white oak floors and a sliding NanaWall frame sweeping garden views.

Year built

Built in 1966.

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

THE PROPERTY

Get to know the property.

Rare and extraordinary, 1900 Pursley Road is a gated 12-acre Texas Hill Country retreat where a masterfully reimagined limestone homestead, two guest studios, and a legendary party barn converge into one truly unmatched estate. The single-story main residence spans 3,536 sq ft and was artfully reborn from an original Texas limestone homestead with native stone collected from the land itself and beautifully repurposed materials woven throughout. Inside, white oak floors and a sliding NanaWall frame sweeping garden views. Nestled beneath a canopy of majestic old-growth live oaks, the home features a new metal roof (2025), closed-cell spray foam insulation, and an upgraded pier-and-beam foundation with a humidity-ventilation system. History lives here: a hand-dug 1800s stone well still stands on the property. Two detached studio ADUs offer exceptional flexibility for guests or rental income. Studio 1 features 450 sq ft plus a 103 sq ft sleeping loft, anchored by an extraordinary 475 sq ft covered stone patio. Studio 2 offers 371 sq ft with a private 155 sq ft covered front deck. Each studio includes a kitchenette, full bath, and closet. The 2,257 sq ft party barn with covered porches, a full bath, a climate-controlled loft, and outdoor surround sound is an entertainer's dream. At the heart of the estate, a heated pool with a tanning shelf and an 8-person hot tub serves as the central connector between the main residence, guest studios, party barn, and multiple outdoor dining areas. Water infrastructure includes a 65,000-gallon rainwater collection system and a 5,000-gallon well water storage. The property also features underground utilities, 0.75 acres of irrigated lawn, an organic raised-bed garden, a small producing orchard, native wildflowers, and 12 acres under Wildlife Exemption for significant tax savings. An adjoining 25 acres is available separately for a possible 37-acre assembly. A rare Hill Country legacy property.

THE NEIGHBORHOOD

Explore the location.

1900 Pursley, Dripping Springs, TX 78620

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1966
Full baths
5
Half baths
2
Garage spaces
1
Cooling
Ceiling Fan(s), Central Air, Ductless, Multi Units
Heating
Central, Ductless, Fireplace(s), Propane
Appliances
Bar Fridge, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Microwave, Double Oven, Plumbed For Ice Maker, RNGHD, Stainless Steel Appliance(s), Water Heater, Water Purifier Owned, Wine Refrigerator
Flooring
Stone, Tile, Wood
Fencing
Partial
Accessibility
None
Pool features
Filtered, Gunite, Heated, In Ground, Pool/Spa Combo, Waterfall
Subdivision
None
Parcel
1003660003000004
Elementary school
Walnut Springs
Middle school
Dripping Springs Middle
High school
Dripping Springs
Annual property tax
$7,856.60

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$13,333.33
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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1900 Pursley, Dripping Springs, TX 78620 · MLS #ACT3937424

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Listing information

MLS #ACT3937424 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: France Clausen

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