ActiveResidential · sale

509 Crosswater Ln

Dripping Springs, TX 78620

$997,000

  • 5 beds
  • 6 baths
  • 4,681 sq ft
  • 0.28 acres
  • Built 2022

Listed by Magnolia Realty Austin Hill Co · MLS #ACT9810892

509 Crosswater Ln, Dripping Springs, TX 78620 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Additional spaces

The main level features both the spacious primary suite, a secondary guest suite and a home office.

Details worth a look

Upstairs are 3 additional bedrooms, each with their own full bathroom, plus a game room, media room, kitchenette & covered balcony.

Year built

Built in 2022.

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

THE PROPERTY

Get to know the property.

Exceptional living in Caliterra! This 4,681 SF, 5-bedroom, 5.5-bath Drees Custom home sits on a premium, quiet street backing to the greenbelt giving you the perfect Texas Hill Country views. Turnkey and meticulously maintained, the home offers over $300K+ in thoughtful upgrades, abundant natural light & an exceptional floor plan. The kitchen, dining and living spaces flow together around a white limestone gas fireplace under beamed ceilings. A pocket sliding glass door opens to the covered back porch and tile and hardwood flooring are throughout with no carpet. The main level features both the spacious primary suite, a secondary guest suite and a home office. Upstairs are 3 additional bedrooms, each with their own full bathroom, plus a game room, media room, kitchenette & covered balcony. Making this home ideal for family, guests, multigenerational living or dedicated work and entertainment spaces. The chef’s kitchen features an oversized island, double ovens and a built-in KitchenAid 42" French door refrigerator. The walk-in pantry adds extensive storage, wine storage with beverage coolers. The oversized laundry room offers a sink, generous cabinetry and counter space. The list of upgrades include plantation shutters, motorized shades, epoxy garage floors, 3-car tandem garage, Tesla charger, 26kW Generac whole-home generator, water softener & filtration, smart-home security/AV with Sonos, extensive electrical upgrades and a dedicated 70-amp connection for a future pool. The North/South-facing lot features turnkey xeriscape landscaping, underground irrigation and a fully fenced backyard. Enjoy Caliterra amenities including the neighborhood pool, dog park, coffee shop, Onion Creek access and hiking & biking trails, with H-E-B and Home Depot minutes away. And beyond the backyard, the ranch setting brings the best of the Hill Country home with peaceful views, deer wandering through and cows grazing nearby. Convenient to Austin and zoned to Dripping Springs Schools.
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THE NEIGHBORHOOD

Explore the location.

509 Crosswater Ln, 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
5
Half baths
1
Garage spaces
3
Cooling
Ceiling Fan(s), Central Air, Multi Units
Heating
Central, Natural Gas
Appliances
Bar Fridge, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Microwave, Double Oven, RNGHD, Stainless Steel Appliance(s), Water Heater, Water Softener Owned, Wine Refrigerator
Flooring
No Carpet, Tile, Wood
Fencing
Back Yard, Fenced, Gate, Wood, Wrought Iron
Accessibility
Standby Generator
Pool features
None
Subdivision
Caliterra Ph Two Sec Eight
Parcel
111084000L005004
HOA
Caliterra HOA
HOA amenities
Common Area Maintenance, Maintenance Grounds
HOA fee frequency
Annually
Elementary school
Walnut Springs
Middle school
Dripping Springs Middle
High school
Dripping Springs
Annual property tax
$22,840.60
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$978.61
Estimated monthly rent$4,154.17
Cap rate1.43%

Annual operating income: $14,235.83

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 & 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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509 Crosswater Ln, Dripping Springs, TX 78620 · MLS #ACT9810892

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Listing information

MLS #ACT9810892 · Austin Board of Realtors

Listing brokerage: Magnolia Realty Austin Hill Co
Listing agent: Susan LaBelle

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