Active Listing  ·  259 days on market

1805 Spring Valley Dr

Dripping Springs, TX 78620
$625,000
4 Bed 3 Bath 1,848 sqft $338/sqft Built 1993 1.13 acres 2-Car Garage Pool Springlake

Nestled in the heart of picturesque Dripping Springs, this recently fully remodeled gem offers the epitome of modern luxury with a touch of rustic charm. You will quickly discover why it is named “The Hill Country Hideout” as it’s hidden back from the street with breathtaking views that stretch as far as the eye can see. This home is a sanctuary of serenity and style. Featuring 4 bedrooms and 2 1/2 baths, this home has plenty of space and privacy. A few of the homes upgraded features include; recently constructed double-decked balcony made of Trex composite decking, replaced windows throughout the home, metal roof, replaced the septic system in 2022 , custom built in closets and more. Contact the listing agent for details and ask your insurance provider about a possible discount due to the metal roof!

At $338/sqft, this home is 29% below the Dripping Springs active market average of $475/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1805 Spring Valley Dr, Dripping Springs, TX 78620

Property Details

Price $625,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 1,848 sqft
Lot Size 1.13 acres (49,222.8 sqft)
Year Built 1993
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Springlake
County Hays
Zip Code 78620
$/sqft $338/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,325.03
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219477759
List Date February 26, 2026
Elementary School Dripping Springs
Middle School Dripping Springs Middle
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Dripping Springs · Dripping Springs Middle · Dripping Springs

Luke Allen (TREC #788149) has deep knowledge of Dripping Springs and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · February 26, 2026 $675,000
Previous ask $634,000
Current ask $625,000
▼ Reduced $50,000 (-7.4%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Dripping Springs

Comparable Listings Right Now

Homes currently for sale in Dripping Springs with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
2110 Spring Valley Dr
Springlake
$625,000 $300 4 bd / 2 ba 2,081 sqft , 2026-05-14
1880 Spring Valley Dr
Springlake
$650,000 $298 3 bd / 2 ba 2,183 sqft , 2026-10-29
200 Little Barton Dr
Springlake
$550,000 $252 3 bd / 2 ba 2,185 sqft , 2026-03-15
2591 Spring Valley Dr
Springlake
$499,000 $346 3 bd / 1 ba 1,444 sqft , 2026-08-06

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,000/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$125,000
20% conventional investment loan

Monthly Cash Flow Breakdown (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$3,000
Principal + Interest−$3,411
Property Tax (assumed ~2.1%)−$1,094
Insurance (assumed ~0.5%)−$260
Est. Monthly Cash Flow $-1,765

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Dripping Springs, TX

Dripping Springs sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Westlake corridor 25 min NE
Downtown Austin 40 min E
Tesla Gigafactory 50 min NE

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 41 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. The written content was last updated on August 15, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

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