$575,000
↓ $24K (4%)
●
Land -
For Sale
1500 Kemp Hills DR
Austin, TX 78737
Studio
0 Bath
$3,586
Est. Monthly
$51
HOA / Fees
About This Property
Sunrise here begins behind the downtown Austin skyline. From the
crest of this bluff in an exclusive gated cul-de-sac section of
Hill Country Estates, the view runs uninterrupted from the towers
of downtown all the way south to Buda: weather crossing the
valley by day, city lights along the horizon after dark.
Undeveloped
gated bluff lots in Dripping Springs ISD almost never reach the market. These 1.54 acres give you elevation, privacy, and the freedom to bring your own builder and design the home around the horizon. Or move faster: the sale includes architect-designed plans drawn for this bluff, a 5-bedroom, 4.5-bath modern home of about 4,400 conditioned square feet with pool, roof terraces, and a wall of glass facing the skyline. WTCPUA water & Pedernales Electric are already at the street; buyer installs septic. Belterra Village, Salt Lick, and the wineries of Dripping Springs are minutes away, with downtown an easy run in. Walk the bluff at sunset, face east & picture the house.
gated bluff lots in Dripping Springs ISD almost never reach the market. These 1.54 acres give you elevation, privacy, and the freedom to bring your own builder and design the home around the horizon. Or move faster: the sale includes architect-designed plans drawn for this bluff, a 5-bedroom, 4.5-bath modern home of about 4,400 conditioned square feet with pool, roof terraces, and a wall of glass facing the skyline. WTCPUA water & Pedernales Electric are already at the street; buyer installs septic. Belterra Village, Salt Lick, and the wineries of Dripping Springs are minutes away, with downtown an easy run in. Walk the bluff at sunset, face east & picture the house.
Unit Size
-
Days on Market
-
Land Size
1.54 acres
Price per sqft
-
Property Type
Land
Property Taxes
$711
HOA Dues
$51
Year Built
-
Listed By
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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: 16 days ago (Unlock MLS #ACT9613844)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 2, 2026 | Price Decreased |
$575,000
↓ $24K
(4%) | |
| Price Decreased | |||
| Jul 23, 2026 | Listed by My Castle Realty | $599,000 | |
| Listed by My Castle Realty | |||
Property Highlights
With View
Exterior Details
Waterfront Features: None
Other Structures: None
Lot Features: Corner Lot, Cul-De-Sac, Native Plants, Open Lot, Sloped Up, Wooded, Views
Lot Size Area: 67082.4
Lot Size Units: Square Feet
Lot Size Acres: 1.54
Lot Size Square Feet: 67082.4
Lot Size Dimensions: 313.86 x 371.40
Water Source: Public
Financial Details
Tax Map Number: 22
Tax Assessed Value: $521,880
Tax Annual Amount: $8,535
Utilities Details
Sewer : Septic Needed
Location Details
HOA/Condo/Coop Fee Includes: See Remarks
HOA Fee: $615
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Hays
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Listed by: Polly Richards
Listed Office: My Castle Realty - Listing courtesy of Unlock MLS
Phone: (713) 683-0054
Last Updated: 2026-10-02 04:12:58
Data Source: Unlock MLS, MLS# ACT9613844
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: My Castle Realty - Listing courtesy of Unlock MLS
Phone: (713) 683-0054
Last Updated: 2026-10-02 04:12:58
Data Source: Unlock MLS, MLS# ACT9613844
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.
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