$698,000
●
Land -
For Sale
1451 Springlake DR
Dripping Springs, TX 78620
Studio
0 Bath
$4,087
Est. Monthly
About This Property
Discover this exceptional 8.05-acre tract, right outside of
Dripping Springs off RR 12 and just 30 minutes from Austin. Located
in the Springlake subdivision, this large piece of raw land is
abundant with many beautiful trees, offering a natural and tranquil
setting. With the potential to be subdivided into smaller lots for
single-family homes and with City Water available, this property
provides an enticing opportunity for development. Whether you
envision a private estate or a boutique residential lot
development, this land is a blank canvas awaiting your touch.
Unit Size
-
Days on Market
-
Land Size
8.05 acres
Price per sqft
-
Property Type
Land
Property Taxes
$659
HOA Dues
-
Year Built
1989
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) 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%.
How much can I actually make?
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.
Last updated: 8 months ago (Unlock MLS #ACT6659806)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 12, 2026 | Listed by Stanberry REALTORS | $698,000 | |
| Listed by Stanberry REALTORS | |||
| Dec 11, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Aug 8, 2023 | Listed by Stanberry REALTORS | $725,000 | |
| Listed by Stanberry REALTORS | |||
   | |||
|
Discover this exceptional 8.05-acre tract, right outside of Dripping Springs off RR 12 and just 30 minutes from Austin. Located in the Springlake subdivision, this large piece of raw land is abundant with many beautiful trees, offering a natural and tranquil setting. With the potential to be subdivided into smaller lots for single-family homes and with City Water available, this property provides an enticing opportunity for development. Whether you envision a private estate or a boutique residential lot development, this land is a blank canvas awaiting your touch.
| |||
Property Highlights
Exterior Details
Waterfront Features: None
Other Structures: None
Lot Features: Many Trees
Lot Size Area: 350658
Lot Size Units: Square Feet
Lot Size Acres: 8.05
Lot Size Square Feet: 350658
Water Source: Public
Financial Details
Tax Map Number: 47
Tax Assessed Value: $483,680
Tax Annual Amount: $7,910
Utilities Details
Sewer : None
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hays
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Scott Daves
Listed Office: Stanberry REALTORS - Listing courtesy of Unlock MLS
Phone: (512) 894-3488
Last Updated: 2026-03-13 04:23:41
Data Source: Unlock MLS, MLS# ACT6659806
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Stanberry REALTORS - Listing courtesy of Unlock MLS
Phone: (512) 894-3488
Last Updated: 2026-03-13 04:23:41
Data Source: Unlock MLS, MLS# ACT6659806
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017