ActiveResidential · sale

1120 Canyon View Rd

Dripping Springs, TX 78620

$1,950,000

  • 4 beds
  • 4 baths
  • 4,592 sq ft
  • 10.03 acres
  • Built 2002

Listed by Compass RE Texas, LLC · MLS #ACT7304542

A FEW THINGS TO NOTICE

What stands out.

Living spaces

The 3,445 sqft main home features an inviting open layout with soaring beam ceilings and a sunlit family room framed by expansive windows overlooking the grounds.

Year built

Built in 2002.

Property size

10.03 acres listed.

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

THE PROPERTY

Get to know the property.

Location, acreage, excellent schools! Just 1.5 miles off Highway 290 on the East side of Dripping Springs, this unique 10-acre property provides easy access to everything the Texas Hill Country and Austin have to offer. The acreage also offers future flexibility, with the potential to be subdivided into two 5-acre tracts, subject to buyer verification. This Dripping Springs retreat has 2 homes, a wildlife exemption for lower taxes, and a Mueller metal barn, all situated just 20 miles from downtown Austin. A dream for equestrian and livestock enthusiasts, the barn offers potential for 6 horse stalls, with separate tack and feed rooms. Multiple location options for a riding arena. Meticulously cleared land with both mature and young Live Oak trees throughout the property provides a serene backdrop to 2 beautifully crafted homes in a distinctive German-influenced Texas Hill Country style. Expansive porches, metal roofs, and walls of windows with French doors seamlessly blend indoor and outdoor living. Inside, warm wood and natural stone offer rustic elegance. The 3,445 sqft main home features an inviting open layout with soaring beam ceilings and a sunlit family room framed by expansive windows overlooking the grounds. The gourmet farmhouse kitchen, equipped with Jenn-Air appliances and a large pantry, is ideal. A substantial office with oversized windows offers a peaceful workspace and could be converted to a 4th bedroom, with space to add a full bath if desired. The primary suite on the main level features French doors that open to the front porch. Upstairs, a game room and two additional bedrooms provide space for guests. The 1,144 sqft guest home is handicap-accessible, featuring thoughtful details such as zero-threshold doors, lower appliances, and a ramp. 2 water sources: a well for the barn and city water for the residences

THE NEIGHBORHOOD

Explore the location.

1120 Canyon View Rd, Dripping Springs, TX 78620

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Map position comes from the listing source. Open directions in Google Maps

LOCAL MARKET CONTEXT

Hays County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$376,741Up 1.8% vs. the previous 12 months
Months of supply5.312-month average
Days on market9112-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2002
Full baths
3
Half baths
1
Garage spaces
0
Cooling
Ceiling Fan(s), Central Air
Heating
Central, Electric
Appliances
Built-In Electric Oven, Dishwasher, Disposal, Gas Cooktop, Microwave, Stainless Steel Appliance(s), Electric Water Heater
Flooring
Tile, Wood
Fencing
Split Rail
Accessibility
Accessible Approach with Ramp, Accessible Doors, Accessible Entrance, Lower Fixtures
Pool features
None
Subdivision
Meadow Creek Ranch
Parcel
1153280000051A04
HOA
Meadow Creek Ranch HOA & Dripping Springs Ranch Wi
HOA amenities
See Remarks
HOA fee frequency
Annually
Elementary school
Sycamore Springs
Middle school
Sycamore Springs
High school
Dripping Springs
Annual property tax
$12,431.00
HOA fee
$150.00

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$4,823.67
Estimated monthly rent$8,125.00
Cap rate3.22%

Annual operating income: $62,759.00

HOA: Includes $12.50 per month in HOA dues, converted from the $150.00 annual fee reported by the listing source.

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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1120 Canyon View Rd, Dripping Springs, TX 78620 · MLS #ACT7304542

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Listing information

MLS #ACT7304542 · Austin Board of Realtors

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

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