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$650,000

1120 Meadow Ridge Dr, Dripping Springs, TX, 78620

Under ContractInfo
Beds4 Beds
Baths3 Bath
Baths2,306 Sq Ft
price_per_sqft$281.87 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt In Electric Oven, Cooktop, Dishwasher, Electric Cooktop, Electric Oven, Oven, Water Softener Owned, Water Softener
FlooringCarpet Free, Concrete, Tile

Exterior

Exterior FeaturesExterior Steps, Garden, Private Entrance, Private Yard, Rain Gutters
Lot Size2.54 acres

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR35514
Lot Number36
SubdivisionMeadow Creek Ranch
Land UseResidential
Legal DescriptionMEADOW CREEK RANCH LOT 36 2.544 AC TAX CODES:RSP,SDS
Census Tract010806
Assessed Land Value$308,750
Assessed Improvement Value$330,136
Assessment Year2025

About this property

Rare opportunity to own in Meadow Creek Ranch, where custom homes on estate-sized acreage seldom become available and neighbors often remain for years. Nestled on 2.544 +/- private acres beneath a canopy of mature live oaks, this Hill Country property offers exceptional privacy, space, and a peaceful setting just minutes from the conveniences of Dripping Springs. Designed to embrace its natural surroundings, the home features an open, light-filled floor plan with expansive windows that frame the beautiful oak trees, stained concrete and tile flooring, multiple dining areas, and a spacious kitchen complete with a center island, built-in electric oven, separate electric cooktop, pantry, breakfast bar, and abundant cabinetry. The generously sized primary suite is conveniently located on the main level, while the thoughtful layout provides comfortable living and flexible spaces for everyday life. Step outside to the expansive deck overlooking the backyard, where mature trees create a tranquil setting for relaxing, entertaining, or simply enjoying the beauty of the Texas Hill Country. Additional features include a water softener, rainwater collection tanks for watering the landscape, and a poultry coop for those seeking a hobby farm or homestead lifestyle. Offered as-is, this property presents an exceptional opportunity to update and personalize a well-built home in one of Meadow Creek Ranch’s desirable acreage communities. Whether you’re looking for privacy, room to grow, or the chance to create your own Hill Country retreat, this property offers outstanding potential in a location where homes are rarely available. DSISD Schools. Buyer and buyer’s agent to independently verify all information, including but not limited to schools, taxes, restrictions, square footage, lot size, utilities, septic system, and any other information deemed important.

Investor Tools

Property Icon
$826,000
Estimated Property Value
$285,000Estimated Mortgage Balance
$546,875Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,956 /month
Positive
Cash Flow Estimate:
$1,652 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,062/month
$25/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,610
$638,886
2025
$308,750
$330,136
$638,886
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,610
$638,886

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$285,000
No
First
May 1, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,125
$546,875
66%
34%
$1,709/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Dripping Springs

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1120 Meadow Ridge Dr | Property Details | No Agent List