ActiveResidential · sale

127 Moonlit Stream

Dripping Springs, TX 78620

$599,000

  • 4 beds
  • 3 baths
  • 2,779 sq ft
  • 0.14 acres
  • Built 2022

Listed by Compass RE Texas, LLC · MLS #ACT2305161

127 Moonlit Stream, Dripping Springs, TX 78620 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Enjoy peaceful greenbelt views from the covered back patio and a prime location near scenic trails, parks, and Wildwood Springs Elementary, located within the neighborhood and walkable from the home.

Year built

Built in 2022.

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.

Move-in ready 2022 David Weekley home backing to a serene greenbelt in the highly desirable Headwaters community of Dripping Springs. This beautifully designed 1.5-story home offers 4 bedrooms, 3 full baths, an open-concept layout, and a light-filled main living area ideal for everyday living and entertaining. The chef-inspired kitchen features a large center island, stone countertops, built-in appliances, gas cooktop, large pantry, and generous storage.

The main level includes 3 bedrooms and 2 full baths, including a comfortable primary suite with an upgraded en-suite bath and walk-in closet. Upstairs, you’ll find bedroom #4, a full bath, and a spacious game room or second living area — perfect for guests, a media room, playroom, or private work-from-home space.

Enjoy peaceful greenbelt views from the covered back patio and a prime location near scenic trails, parks, and Wildwood Springs Elementary, located within the neighborhood and walkable from the home. Headwaters also offers The Prep Preschool within the community and Oakwood Public Market at the neighborhood entrance for dining, coffee, and local conveniences.

Headwaters is known for its rolling Hill Country setting, modern farmhouse-inspired architecture, professionally landscaped streets, and exceptional amenities, including a resort-style pool complex, huge community gym, clubhouse with coffee shop, parks, playgrounds, dog park, and extensive trail system.

Additional features include a water purification system, automatic sprinkler system, full gutters, neutral finishes, generous storage, and a flexible floor plan. Washer, dryer, refrigerator, SimpliSafe security system, water softener and the reverse osmosis water purification system all convey. Located in award-winning Dripping Springs ISD, this home blends newer construction, greenbelt privacy, and the best of the Headwaters lifestyle.
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THE NEIGHBORHOOD

Explore the location.

127 Moonlit Stream, Dripping Springs, TX 78620

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2022
Full baths
3
Half baths
0
Garage spaces
2
Cooling
Central Air
Heating
Central
Appliances
Built-In Electric Oven, Built-In Oven(s), Gas Cooktop, RNGHD, Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Washer/Dryer, Electric Water Heater, Water Purifier, Water Purifier Owned, Water Softener Owned
Flooring
Vinyl
Fencing
Back Yard, Wood, Wrought Iron
Accessibility
None
Pool features
None
Subdivision
Headwaters
Parcel
113740000E015004
HOA
Headwaters HOA
HOA amenities
Common Area Maintenance, Internet
HOA fee frequency
Quarterly
Elementary school
WildwoodSprings
Middle school
Dripping Springs Middle
High school
Dripping Springs
Annual property tax
$14,663.40
HOA fee
$459.00

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$431.82
Estimated monthly rent$2,495.83
Cap rate1.12%

Annual operating income: $6,679.37

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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 & interest—Loan 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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127 Moonlit Stream, Dripping Springs, TX 78620 · MLS #ACT2305161

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Listing information

MLS #ACT2305161 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Alexia Dauterive

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