ActiveResidential · sale

550 Hays Country Acres

Dripping Springs, TX 78620

$1,600,000

  • 5 beds
  • 5 baths
  • 4,210 sq ft
  • 7.12 acres
  • Built 2000

Listed by WoW Properties · MLS #ACT1217751

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

The private primary suite is a relaxing retreat featuring dual walk-in closets, plantation shutters, and direct access to the patio.

Year built

Built in 2000.

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.

Set atop a picturesque hill between Austin and Dripping Springs, this remarkable 7+ acre estate captures sweeping Hill Country views, overlooking lush pastures and majestic oak trees. Designed for both comfortable living and effortless entertaining, the 5-bedroom, 3.5-bath residence features a spacious open-concept layout with three separate living areas to accommodate family and guests alike. The beautifully updated kitchen is the heart of the home, offering marble countertops, stainless steel appliances, a farmhouse sink, and a built-in wine refrigerator. Upstairs, an expansive game room with a wet bar, pool table, and breathtaking views creates the perfect gathering space for entertaining. Equestrians will appreciate the impressive 35' x 35' BarnMaster barn with five stalls, two fenced pastures, cross fencing, and a riding arena, while the 25' x 30' workshop with a concrete slab and electricity provides endless possibilities for hobbies, projects, or additional storage. The private primary suite is a relaxing retreat featuring dual walk-in closets, plantation shutters, and direct access to the patio. Located just four miles from Dripping Springs ISD schools, this property offers the perfect balance of peaceful country living and everyday convenience. Be sure to review the attached features list—this exceptional property includes many additional upgrades and amenities that make it truly one of a kind.

THE NEIGHBORHOOD

Explore the location.

550 Hays Country Acres, Dripping Springs, TX 78620

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2000
Full baths
3
Half baths
2
Garage spaces
2
Cooling
Central Air, Electric
Heating
Central, Electric
Appliances
Built-In Oven(s), Convection Oven, Dishwasher, Disposal, Electric Cooktop, Exhaust Fan, Microwave, Double Oven, Stainless Steel Appliance(s), Electric Water Heater, Water Softener, Water Softener Owned, Wine Refrigerator
Flooring
Carpet, Tile, Wood
Fencing
Back Yard, Cross Fenced, Full, Perimeter, Split Rail
Accessibility
None
Pool features
None
Subdivision
Kirby Spgs Ranch Ph I
Parcel
1145850000005004
HOA
Kirby Springs Ranch POA
HOA amenities
See Remarks
HOA fee frequency
Annually
Elementary school
WildwoodSprings
Middle school
Dripping Springs Middle
High school
Dripping Springs
Annual property tax
$14,869.00
HOA fee
$71.00

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$3,581.67
Estimated monthly rent$6,666.67
Cap rate2.94%

Annual operating income: $46,979.99

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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550 Hays Country Acres, Dripping Springs, TX 78620 · MLS #ACT1217751

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Listing information

MLS #ACT1217751 · Austin Board of Realtors

Listing brokerage: WoW Properties
Listing agent: Letisha Scharff

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