243 Bridge Water LOOP
About This Property
Perfectly positioned steps from the pool, dog park, and scenic trails, this home offers a lifestyle of comfort and enjoyment. With fishing ponds, a neighborhood coffee shop, and a playground all within walking distance, convenience is built into daily life, making it ideal for everyone!
This property offers incredible value per square foot for a ranch in Caliterra. The timeless stone and stucco exterior complements an airy interior with hardwood floors, natural light, and a flexible open floor plan designed for comfort and entertaining. The layout includes 4 spacious bedrooms, a dedicated study, and flex spaces for a gym, media room, or formal dining.
At the home's heart, the gourmet kitchen features quartz countertops, stainless steel appliances, and a large island ideal for gatherings. The living room's gas fireplace and sliding doors lead to a covered patio, perfect for seamless indoor-outdoor living.
The primary suite is a tranquil retreat with a luxurious en-suite bathroom featuring dual vanities, a soaking tub, and a walk-in shower with rain and handheld showerheads. Additional features include a large walk-in pantry, a functional laundry room, and a 3-car garage for extra storage.
Situated in the top-rated Dripping Springs ISD, this home is perfect for those seeking excellent schools, a vibrant community, and unmatched amenities. With its proximity to Austin, you're never far from dining, shopping, entertainment, and Hill Country adventures.
This home offers a rare chance to enjoy everything Caliterra in Dripping Springs has to offer while staying connected to urban amenities and a serene lifestyle.
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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%.
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 |
|---|---|---|---|
| Aug 12, 2025 | In contract | - | |
| In contract | |||
| Jun 25, 2025 | Listed by Compass RE Texas, LLC | $799,490 | |
| Listed by Compass RE Texas, LLC | |||
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***Taking Back-up Offers***Experience the perfect blend of refined Hill Country living and everyday comfort in this beautifully designed Drees Custom home with 4-bedroom, 3.5-bath home in the coveted Caliterra community of Dripping Springs—just 20 miles from Austin. Tucked on a quiet street near the community pool, trails, and dog park, this move-in ready home offers a lifestyle rooted in both nature and convenience.
From the moment you step inside, you’ll notice the abundance of high-end upgrades: stunning quartz countertops, wide plank wood floors, designer lighting, upgraded appliances, custom fireplace and mantel, window treatments, and a beautifully finished back patio ideal for entertaining.
The open-concept layout is filled with natural light and features flexible spaces perfect for a media room, gym, or office. The gourmet kitchen is a true showpiece with a large island, elegant finishes, and ample storage. The spacious living area flows seamlessly to the covered patio, creating an effortless indoor-outdoor experience.
The primary suite is a peaceful retreat with a spa-like ensuite bath—complete with dual vanities, an oversized rain shower, and a deep soaking tub. A large walk-in pantry, functional laundry room, and 3-car garage complete the home.
All this, plus easy access to wineries, shops, Pedernales Falls, and Historic Mercer Street. This is a rare opportunity to own a turn-key home in one of Dripping Springs’ most sought-after neighborhoods.
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| Jun 24, 2025 | No longer available | - | |
| No longer available | |||
| Apr 22, 2025 | Listed by Compass RE Texas, LLC | $799,900 | |
| Listed by Compass RE Texas, LLC | |||
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Experience the perfect balance of relaxed Hill Country charm and refined living in this beautifully designed 4-bedroom, 3.5-bath ranch-style home located in the highly coveted Caliterra community in Dripping Springs, just 20 miles from Austin. Surrounded by rolling trails, scenic views, and resort-style amenities, this home delivers a lifestyle that’s both peaceful and connected.
Set on a quiet street just moments from the community pool, dog park, and scenic walking trails, this home offers the perfect blend of small-town charm and modern sophistication. Whether you’re casting a line at the catch-and-release fishing pond, grabbing a coffee at the neighborhood café, or exploring Pedernales Falls State Park just a short drive away, adventure and ease are right outside your door.
Inside, the home features timeless stone and stucco architecture paired with a bright, open-concept layout designed for effortless living. Enjoy wide plank hardwood floors, expansive windows that flood the space with natural light, and thoughtfully designed flex rooms ideal for a media room, gym, or home office.
At the center of it all is a gourmet kitchen complete with quartz countertops, stainless steel appliances, and a large gathering island perfect for entertaining. A cozy gas fireplace anchors the spacious living area, which flows seamlessly to the covered back patio for elevated indoor-outdoor living.
The primary suite is a serene sanctuary with a spa-inspired ensuite bath, including dual vanities, a deep soaking tub, and a walk-in rain shower. Additional highlights include a large walk-in pantry, functional laundry room, and a 3-car garage offering ample storage.
With easy access to Historic Mercer Street, local wineries, breweries, boutique shopping, and Hill Country hiking, this home offers unbeatable value per square foot in Caliterra — one of the most desirable neighborhoods in Dripping Springs.
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| Apr 19, 2025 | No longer available | - | |
| No longer available | |||
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About Hays
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017