408 Riva Ridge PL
About This Property
Nestled in the highly sought-after Saratoga Hills, a premier community of 1+ acre homes, this stunning estate offers unparalleled privacy, breathtaking views, and high-end finishes throughout. Perfectly located just 30 minutes from Austin, this home blends modern luxury with the tranquility of the Hill Country.
Designed for both grand entertaining and everyday comfort, this spacious 5-bedroom, 5.5-bath home features an open-concept layout with soaring 18' ceilings, expansive windows, and custom batten board accents in the living room. The chef's kitchen is a masterpiece, boasting soft-close cabinetry, double ovens, an extended island with storage, a hidden appliance cabinet, and a walk-in pantry. The primary suite is a private retreat with patio access, a spa-like bath with a walk-through shower, a soaking tub, and custom-built storage. Each secondary bedroom features its own ensuite bath and walk-in closet for ultimate comfort.
The outdoor living space is a dream, featuring an extended patio with a full outdoor kitchen and fireplace, Trex deck extension, and a resort-style pool and spa by Native Watercapes. Designed for entertaining, the bonus room includes a bar with a sink, ice maker and drink fridge, plus a private balcony with panoramic views. A Secret Bookcase leads to the media room, adding a unique touch.
Additional highlights include a 4-car garage with exterior access, a long private driveway lined with mature oaks, a fully integrated sound system, Cat 5 wiring, and an oversized septic system ready for a future casita.
Experience luxury, privacy, and convenience in one of Dripping Springs' most coveted communities. Welcome home to 408 Riva Ridge.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jun 11, 2025 | In contract | - | |
| In contract | |||
| May 6, 2025 | Price Decreased |
$1,749,000
↓ $26K
(1.5%) | |
| Price Decreased | |||
| Apr 20, 2025 | Price Decreased |
$1,775,000
↓ $25K
(1.4%) | |
| Price Decreased | |||
| Apr 3, 2025 | Listed by Compass RE Texas, LLC | $1,800,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017