ActiveResidential · sale

108 Oak Ridge None

Dripping Springs, TX 78620

$393,750

  • 2 beds
  • 1 baths
  • 1,904 sq ft
  • 5.01 acres
  • Built 1997

Listed by Ranches and Rivers Realty · MLS #ACT9122781

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PROPERTY QUESTIONS & SHOWINGS

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108 Oak Ridge None, Dripping Springs, TX 78620 · MLS #ACT9122781

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1997.

Property size

5.01 acres listed.

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

THE PROPERTY

Get to know the property.

Best of both worlds!!!
A beautiful country setting on the edge of a canyon, well out of any floodplain, with a glorious, long distance, view. Only 8.9 miles from all the conveniences of Lakeway and Bee Cave at SH71, and 1 mile off Hamilton Pool Road. With several level ledges on which to build your dream house, that is out of sight from the road, there are several options to achieve privacy in this very special place. A very special place for nature lovers, there is no better hiking environment than breathing the fresh air along the hillside paths over the pristine native Texas Hill Country terrain. You will enjoy the variety of Hill Country flora and fauna that includes rare Madrone trees. With the more than a 120-foot change in elevation, it feels much larger than 5 acres. There is even a small wet weather creek with a 5-foot waterfall. Additionally, you are only 6 miles from the famous Hamilton Pool and 5.6 miles from Reimer’s Ranch, where you can also spend time in nature. There are two residences on the property, a main and a guest residence, square footage combined in listing, that can be utilized as living space with electricity, water and septic. You truly cannot appreciate this place without seeing it in person.

THE NEIGHBORHOOD

Explore the location.

108 Oak Ridge None, Dripping Springs, TX 78620

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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
1997
Full baths
1
Half baths
0
Garage spaces
0
Cooling
Varies by Unit
Heating
Varies by Unit
Appliances
Dishwasher, Electric Water Heater
Flooring
Carpet, Linoleum, Wood
Fencing
None
Accessibility
None
Pool features
None
Subdivision
River Oaks Ranch 1 Resubd
Parcel
1170870000097004
HOA
River Oaks Ranch Home Owners Association
HOA amenities
See Remarks
HOA fee frequency
Annually
Elementary school
Dripping Springs
Middle school
Dripping Springs Middle
High school
Dripping Springs
HOA fee
$120.00

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
Estimated monthly rent$1,640.63
Cap rate

Annual operating income:

HOA: Includes $10.00 per month in HOA dues, converted from the $120.00 annual fee reported by the listing source.

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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 & 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
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Listing information

MLS #ACT9122781 · Austin Board of Realtors

Listing brokerage: Ranches and Rivers Realty
Listing agent: Mike Weaver

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