$1,169,700
↓ $3K (0.3%)
●
House -
For Sale
298 Smoke Tree CIR
Dripping Springs, TX 78620
5 Beds
4 Baths,
1
Half Bath
4,501 Ft²
$6,285
Est. Monthly
$372
HOA / Fees
3.15%
Cap Rate
About This Property
BRAND-NEW MOVE-IN-READY home NEVER LIVED IN located in the
sought-after Headwaters community. HILLTOP with incredible HILL
COUNTRY VIEWS. One of 12 houses in the EXCLUSIVE HILLTOP enclave of
Headwaters offering incredible Hill COUNTRY VIEWS, on a large 0.35
AC lot large enough for a POOL! This stunning luxury home features
include a chef's kitchen with an oversized island, quartz
countertops, Siltstone sink & stainless appliances. Wood floors
though out the main floor & staircase, 12' beamed ceilings in
family room, w/ 16' FULL GLASS SLIDERS opening to the oversized 12' ceiling back patio giving this a true indoor/outdoor experience.
The main level provides an owner's retreat also w/ 12' ceilings,
owner bath w/ quartz countertops, walk-in shower w/ beautiful
Carrara marble though out, freestanding tub & huge walk-in closet.
Your guests will enjoy a very private second bedroom & bath
DOWNSTAIRS, & second dining room, game room/office-your choice of
use. Upstairs there are three additional bedrooms & two baths, game
room & wired media room. The home sits on over 1/3 acre & offers a
3-car front loaded garage. Owners paid $305k in lot premium alone
and large enough for a pool site!!! This home is one of the largest
floor plans and on the best lot in Headwaters w/sweeping VIEWS from
every window. Enjoy waking up to the sunrise over the hills beaming
into the kitchen, dining, family room and owners suite. Home
includes over $150k well thought out design upgrade options. Brand
new furniture is negotiable. Miles of nature hiking/biking trails,
an amenity center, playground, infinity edge resort-style pool,
splash pad, gym/work out center and much more. Exemplary award-
winning & top-ranking Dripping Springs ISD. Just 25 minutes west of
Austin with quick access to 290, shopping and restaurants less than
2 miles.
Unit Size
4,501 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$260
Property Type
House
Property Taxes
$169
HOA Dues
$372
Year Built
2021
Listed By
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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: 3 months ago (Unlock MLS #ACT2078833)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 1, 2026 | Price Decreased |
$1,169,700
↓ $3K
(0.3%) | |
| Price Decreased | |||
| May 15, 2026 | Price Decreased |
$1,172,700
↓ $25K
(2.1%) | |
| Price Decreased | |||
| Mar 31, 2026 | Price Decreased |
$1,197,700
↓ $50K
(4%) | |
| Price Decreased | |||
| Jan 31, 2026 | Price Decreased |
$1,247,700
↓ $12K
(1%) | |
| Price Decreased | |||
| Dec 28, 2025 | Price Decreased |
$1,259,700
↓ $20K
(1.6%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Parking Features: Attached, Garage, Garage Door Opener
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Ceiling Fan(s), Beamed Ceilings, Tray Ceiling(s), Crown Molding, Double Vanity, High Speed Internet, In-Law Floorplan, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Soaking Tub, Walk-In Closet(s), Wired for Sound, Ceiling-High, Ceiling-Vaulted, Quartz Counters, Primary Bedroom on Main
Appliances: Built-In Gas Oven, Cooktop, Gas Cooktop, Microwave, Oven, Gas Oven, Self Cleaning Oven, Stainless Steel Appliance(s), Tankless Water Heater, Vented Exhaust Fan, Water Heater, Built-In Oven(s)
Flooring Type: Carpet, Tile, Wood
Has Fireplace
Fireplace Features: Family Room
Fireplaces: 1
Exterior Details
Square Footage: 4501
Square Footage Source: $0
Green Sustainability
Security Features: Fire Alarm
Property Condition: Resale
Year Built Source: Public Records
Year Built: 2022
Waterfront Features: None
Builder Name: David Weekley
Levels: Two
Other Structures: None
Window Features: Screens, Wood Frames
Construction Materials: HardiPlank Type, Stone
Patio and Porch Features: Covered, Front Porch, Patio, Rear Porch
Pool Features: None
Lot Features: Greenbelt
Lot Size Area: 15246
Lot Size Units: Square Feet
Lot Size Acres: 0.35
Lot Size Square Feet: 15246
Water Source: MUD
Financial Details
Tax Map Number: 12
Tax Assessed Value: $74,810
Tax Annual Amount: $2,025
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : MUD
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA/Condo/Coop Amenities: Barbecue, Dog Park, Picnic Area, Trail(s)
HOA Fee: $372
HOA Fee Frequency: Quarterly
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
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Listed by: Susan Reames
Listed Office: Coldwell Banker Realty - Listing courtesy of Unlock MLS
Phone: (512) 263-5655
Last Updated: 2026-08-01 04:03:07
Data Source: Unlock MLS, MLS# ACT2078833
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Coldwell Banker Realty - Listing courtesy of Unlock MLS
Phone: (512) 263-5655
Last Updated: 2026-08-01 04:03:07
Data Source: Unlock MLS, MLS# ACT2078833
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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