See Home Value
Hays 78620
401 Lost Valley RD
$950,000
● House - Off Market

401 Lost Valley RD

Dripping Springs, TX 78620
bedrooms
1 Bed
bathrooms
1 Bath
square feet
739 Ft²
$5,399
Est. Monthly
1.02%
Cap Rate

About This Property

Welcome to 401 Lost Valley Road, where timeless Hill Country charm blends with nature and tranquility on a breathtaking slice of Dripping Springs. This Saltbox-style home is nestled on a private, tree-covered lot that offers unparalleled serenity, spectacular creek and wildlife views, and the perfect combination of classic country elegance and modern convenience. The property consists of two separate legal lots, totaling 9.506 acres.

Inside, you'll find a spacious loft-style sleeping area with stunning views, wood beams and patio doors that invite the morning light. Downstairs, an open-concept kitchen features solid surface countertops, stainless steel appliances, and gleaming wood floors. A fully remodeled bathroom with a walk-in shower completes the lower level.

Step outside and immerse yourself in the beauty of the natural landscape, where a gently flowing Sycamore Creek and mature trees create a peaceful sanctuary. Ample space for a pool, future expansion, gardening, or simply enjoying nature. Star-filled nights can be spent in front of the oversized outdoor wood-burning fireplace, cooking at the full outdoor kitchen, or by the edge of Sycamore Creek.

Just minutes from downtown Dripping Springs and H-E-B, this property offers the perfect balance of seclusion and convenience. Whether you're seeking a private retreat or a unique investment opportunity, The Cottage By The Creek is a rare find and the perfect place to live while you build your forever home.

Currently, this income-producing short-term rental includes a carport, well, septic system, and additional structures for storage/creative use. Property can be purchased with all fixtures and equipment if desired. Perfect as a secluded home, weekend getaway, short-term rental, or private sanctuary, this exceptional property captures the best of Hill Country living, all while being just minutes from Dripping Springs' wineries, top-rated schools, restaurants, and shopping. Built in 1992 and remodeled in 2012.
Unit Size
739 Ft²
Days on Market
-
Land Size
9.51 acres
Price per sqft
$1,286
Property Type
House
Property Taxes
$734
HOA Dues
-
Year Built
1992

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Last updated: 5 months ago (Unlock MLS #ACT4210250)

Price History

Date / Event Date Event Price
Mar 8, 2025 In contract -
In contract
Feb 18, 2025 Listed by Keller Williams Realty $950,000
Listed by Keller Williams Realty
Jan 18, 2024 No longer available -
No longer available
Nov 3, 2023 Price Decreased $1,250,000
↓ $50K (3.9%)
Price Decreased
Jun 20, 2023 Price Decreased $1,299,999
↓ $100K (7.1%)
Price Decreased
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Property Highlights

Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 11
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 218,061
  • Lot Size Frontage Feet: 0
  • Total Building Area: 480
  • Gross Building Area: 960
  • Building Area: 480
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 480
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOST VALLEY
  • Land Acres: 0000005006
  • Standard Land Use Code: 1001
  • County Land Use Code: A5
  • Legal Description 1: LOST VALLEY, LOT 12-B-1, ACRES 5.006

Neighborhood

  • School District Name: Dripping Springs Independent School District
  • School Tax School District: RSP,SDS
  • Census Tract: 010817

Geography

  • Parcel: R91883
  • Lot: 12-B-1
  • Municipality: UNINCORPORATED AREA
  • Latitude: 30.2546
  • Longitude: -98.2032

    Address

  • Full Address: 401 Lost Valley Rd
  • Address - House Number: 401
  • Address - Street Name: Lost Valley
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Dripping Springs
  • Carrier Code: H006
  • 4-Digit Zip Code: 3515
  • Zip Code: 78620

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $805,777
  • Tax Rate Code Area: CAD,ENR,FN

    Appraisal Valuation

  • Standard Deviation: 0.188
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 75
  • Final Value: 545,282
  • High Value: 647,805
  • Low Value: 442,759

    Market Valuation

  • Market Total Value: $533,620
  • Market Land Value: $495,260
  • Market Improvement Value: $38,360

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $533,620
  • Assessed Land Value: $495,260
  • Assessed Improvements Value: $38,360

    Sales

  • Current Sale Contract Date: Mar 10, 2017
  • Current Sale Recording Date: Mar 10, 2017
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17008369
  • Previous Sale Recording Date: Aug 28, 2015
  • Previous Sale Contract Date: Aug 27, 2015
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hays


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Frequently Asked Questions

When was property at 401 Lost Valley Road built and last sold?
The property at 401 Lost Valley Road was built in 1992 and last sold on Mar 10, 2017 for $0.
How much is this home worth?
The estimated value of the home located at 401 Lost Valley Road is $0.
What are some comparable homes to 401 Lost Valley Road?
There are currently no comparable homes to 401 Lost Valley Road.