160 Palmillas DR
About This Property
Located within Dripping Springs ISD, one of the most sought-after school districts in Central Texas, this home combines suburban comfort with Hill Country charm. Arrowhead Ranch is a gated, master-planned community offering amenities like a community pool, trails, and park space, all surrounded by scenic views and mature oak trees. Enjoy the convenience of being minutes from Belterra Village, H-E-B, Home Depot, and popular local spots like Jester King Brewery, Twisted X Brewing, and Treaty Oak Distillery. Outdoor enthusiasts will love the easy access to Hamilton Pool Preserve, Reimers Ranch Park, and Pedernales Falls State Park-all within a 30-minute drive.
Low quarterly HOA dues, and proximity to Hwy 290, this home offers a perfect balance of privacy, convenience, and value. Whether you're commuting to Austin or working from home, you'll appreciate the peaceful surroundings, community atmosphere, and thoughtful design of this home. Don't miss your chance to live in one of Dripping Springs' most well-located neighborhoods.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 11, 2025 | In contract | - | |
| In contract | |||
| Sep 2, 2025 | Price Decreased |
$629,500
↓ $11K
(1.6%) | |
| Price Decreased | |||
| Jul 24, 2025 | Listed by eXp Realty, LLC | $640,000 | |
| Listed by eXp Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017