1175 Enchanted Oaks DR
About This Property
The property also includes a studio apartment with a full bath located off the detached garage-ideal for guests, extended family, or a private office. A 4-car detached garage offers excellent versatility for a shop, gym, or hobby space, complemented by an on-site barn. Outdoor living is enhanced by a cabana with fire pit, outdoor kitchen, and half bath, creating a natural gathering space for Hill Country evenings. A stand-alone greenhouse on a concrete pad with irrigation supports gardening or small-scale growing pursuits. Horses are permitted, and the property is close to local riding facilities.
Water service is available from both the street (WTCPUA) and an on-site well, historically used for irrigation. The community is governed by deed restrictions that help preserve the character of Onion Creek Ranch, but there is no managed HOA, offering flexibility without ongoing association oversight or dues.
Enjoy the Hill Country lifestyle while remaining close to modern conveniences, including shopping and dining at Belterra Village, a new HEB grocery store just under six miles away, local wineries, distilleries, and coffee shops, and only five minutes from world-famous BBQ at The Salt Lick. Located in the highly regarded Dripping Springs Independent School District, this property offers an opportunity to plant roots in a true community while enjoying plenty of elbow room.
Conveniently positioned in Driftwood with approximately 30-minute access to downtown Austin and the airport.
Estate sale. Property to be conveyed AS-IS.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 10, 2026 | In contract | - | |
| In contract | |||
| Feb 5, 2026 | Relisted | $1,200,000 | |
| Relisted | |||
| Jan 28, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Listed by Keller Williams Realty | $1,200,000 | |
| Listed by Keller Williams Realty | |||
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About Hays
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017