Discover this spacious Highpointe home in Dripping Springs, ideally
situated on a rare, true greenbelt lot. Backing directly to
peaceful greenspace, the property offers beautiful views,
exceptional privacy, and a setting that is increasingly difficult
to find.
With more than 3,800 square feet, the thoughtfully designed
interior features four spacious bedrooms, three-and-a-half baths, a
dedicated home office, separate media room, and versatile game or
bonus room. Soaring ceilings and abundant windows fill the home
with natural light while showcasing the greenbelt beyond.
Freshly painted throughout, the home also features new carpet,
updated light fixtures and ceiling fans, a newer roof, and a newer
high-efficiency HVAC system. It is move-in ready with plenty of
opportunity to add your personal style.
The private backyard includes a covered stone patio, gas grill
hookup, fire pit, and an expansive grassy area with plenty of room
to play, entertain, or add a pool. A three-car garage and oversized
driveway make parking multiple vehicles and recreational toys
easy.
Located in the gated Highpointe community and within walking
distance of Sycamore Springs Elementary and Middle Schools,
residents enjoy walking trails, parks, ponds, a fitness center, two
community pools, sports fields, and more. Don't miss this true
Highpointe gem in Dripping Springs ISD!
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.
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