ActiveResidential · sale

205 Waters View

Dripping Springs, TX 78620

$1,575,000

  • 4 beds
  • 4 baths
  • 4,405 sq ft
  • 0.32 acres
  • Built 2026

Listed by eXp Realty, LLC · MLS #ACT8944332

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

In the expansive patio, a natural-gas outdoor kitchen with a built-in refrigerator makes entertaining feel effortless.

Year built

Built in 2026.

Garage parking

3 garage spaces listed.

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

THE PROPERTY

Get to know the property.

Welcome to an extraordinary modern residence where exceptional craftsmanship and the natural beauty of the Texas Hill Country come together in perfect harmony. From the moment you enter through the awe-inspiring front door, an abundance of natural light moves through the home’s expansive Low-E windows, illuminating wide-plank hardwood floors, custom white oak cabinetry, Taj Mahal quartzite surfaces, and flawless Level 5 walls. Every material has been deliberately selected, and every room composed to feel both elevated and genuinely livable. The kitchen is a statement in modern luxury. High-end appliances, beautifully crafted cabinetry, and natural stone surfaces create an inviting setting for everything from weekday mornings to memorable evenings with family and friends. A fully appointed butler’s pantry—with its own sink and refrigerator—allows the main kitchen to remain effortlessly composed while entertaining on any scale. The primary suite offers a private retreat, complemented by a thoughtfully designed closet with direct access to the laundry room—one of many details that quietly improve the rhythm of everyday life. The home’s most captivating moments may be found where the interior opens completely to the outdoors. A dramatic, 16-foot pocketing glass door dissolves the boundary between inside and out. In the expansive patio, a natural-gas outdoor kitchen with a built-in refrigerator makes entertaining feel effortless. The modern swimming pool establishes the atmosphere of an exclusive resort, while a separate fire pit invites relaxed conversation beneath the Hill Country sky. Behind the beauty is an equally impressive level of performance. Spray-foam insulation, a standing-seam metal roof, high-efficiency windows, three independent HVAC systems, Cat 6A Ethernet wired into every room, and an integrated Juke Audio system put sophisticated touches of technology and comfort over the entirety of the home. Your next chapter of luxury living awaits! Welcome home!

THE NEIGHBORHOOD

Explore the location.

205 Waters View, Dripping Springs, TX 78620

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2026
Full baths
3
Half baths
1
Garage spaces
3
Cooling
Central Air
Heating
Central, Natural Gas
Appliances
Built-In Electric Oven, Built-In Gas Range, Built-In Oven(s), Built-In Refrigerator, Instant Hot Water, Microwave, Electric Oven, Refrigerator, Stainless Steel Appliance(s)
Flooring
Tile, Wood
Fencing
Back Yard, Wrought Iron
Accessibility
None
Pool features
ENERGY STAR Qualified pool pump, Fenced, Fiberglass, Gunite, Pool/Spa Combo
Subdivision
Caliterra - Phase One, Section Two
Parcel
111078000E004004
HOA
Caliterra Property Owners Association
HOA amenities
Common Area Maintenance
HOA fee frequency
Annually
Elementary school
Walnut Springs
Middle school
Dripping Springs Middle
High school
Dripping Springs
Annual property tax
$5,497.38
HOA fee
$1,500.00

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$4,162.93
Estimated monthly rent$6,562.50
Cap rate3.42%

Annual operating income: $53,892.62

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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205 Waters View, Dripping Springs, TX 78620 · MLS #ACT8944332

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Listing information

MLS #ACT8944332 · Austin Board of Realtors

Listing brokerage: eXp Realty, LLC
Listing agent: Rey Rocha

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