438 Premier Park LOOP
About This Property
Inside, the layout just works. The home offers multiple living and dining spaces that give everyone room to spread out, whether that's everyday life, hosting friends, or having separate spaces for everyone to enjoy. There's a dedicated office for when you need to focus and an upstairs living room and a bonus room that can flex however you need; media room, playroom, guest space, etc. The main living areas feel open and connected without losing that sense of warmth, with natural light coming in from every angle. It's the kind of home that feels comfortable the moment you walk in, but still offers the space and functionality to grow into. And the three car garage is a huge plus; not just for parking, but for storage, hobbies, or just having that extra flexibility.
The stunning finishes and thoughtfully curated details elevate every space, striking the perfect balance between comfort and refinement. Step onto the upstairs balcony to take in breathtaking Hill Country sunsets, or enjoy peaceful greenbelt views from the front of the home, framed by mature live oak trees. The outdoor space is where this property truly sets itself apart. The oversized backyard offers endless potential to create a resort style retreat.
Located in one of Dripping Springs' most sought after communities, residents enjoy resort style amenities including a pool, playground, scenic trails, open green space, and a community center with a coffee shop that fosters a true neighborhood feel.
Zoned to award winning DSISD schools and just minutes from downtown Dripping Springs, this home delivers the very best of Hill Country living while enjoying the community of a neighborhood.
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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 |
|---|---|---|---|
| Apr 25, 2026 | In contract | - | |
| In contract | |||
| Apr 20, 2026 | Listed by Compass RE Texas, LLC | $925,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017