5 bed, 4 bath, 4,444 sqft on 0.85 acres in Dripping Springs. Dripping Springs, TX 78620. $1,250,000. Lake Travis ISD.
About This Home
Set on nearly an acre overlooking a serene 25-acre park, this Hill Country farmhouse offers a rare blend of privacy, space, and opportunity. With 4,800+ square feet of living space, a 1,500 sq ft workshop, and a detached garage apartment with its own kitchen and bath that adds approximately 435 square feet, the property is currently operating as a short-term rental—making it an ideal second home that can help offset ownership costs, or a full-time residence with built-in flexibility. The original garage has been thoughtfully converted into a versatile space that can function as a game room or a fully separate apartment with living area and bedroom—perfect for guests, extended family, or additional rental income. Inside, all kitchens and baths have been beautifully updated with quartz and marble countertops. The light-filled main kitchen opens seamlessly to the living and dining areas, creating an inviting space for gathering and entertaining. The spacious primary suite on the main level features a clawfoot soaking tub, frameless glass shower, and morning light, with an additional room nearby perfect for a home office or nursery. Enjoy peaceful views and direct access to walking trails, fishing ponds, sport courts, and playgrounds just beyond your backyard. With light restrictions, this property welcomes chickens, boats, and RVs, offering rare freedom to live expansively. Zoned to Lake Travis ISD and short-term rental friendly, this home offers the freedom to live, host, or invest—whether as a primary residence, weekend escape, or income-producing retreat. Furnishings convey, excluding a short list of seller exclusions. Proven rental history available upon request. A truly versatile Hill Country haven where lifestyle and opportunity meet.
- Property Type
- Residential
- Year Built
- 2002
- Lot Size
- 0.85 acres
- Price / Sq Ft
- $281
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated August 22, 2026.
Listed by Compass RE Texas, LLC
MLS# 4531978 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Bookcases
- Breakfast Bar
- Built-in Features
- Ceiling Fan(s)
- Ceiling-High
- Quartz Counters
- Entrance Foyer
- Interior Steps
- Kitchen Island
- Multiple Living Areas
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Soaking Tub
- Study
- Home Office
- Two Primary Closets
- Walk-In Closet(s)
- Dishwasher
- Disposal
- Electric Cooktop
- Exhaust Fan
- Gas Range
- Microwave
- Oven
- Electric Oven
- RNGHD
- Refrigerator
- Stainless Steel Appliance(s)
- Water Softener Owned
- Carpet
- Concrete
- Tile
- Wood
- Heating
- Central,Fireplace(s)
- Cooling
- Ceiling Fan(s),Central Air
- Fireplaces
- 1
Exterior & Lot
- Gutters Full
- Lighting
- Private Yard
- Masonry – Partial
- Shake Siding
- Vinyl Siding
- Stone Veneer
- Greenbelt
- Back Yard
- Bluff
- Cul-De-Sac
- Front Yard
- Gentle Sloping
- Private
- Sloped Down
- Many Trees
- Trees-Medium (20 Ft - 40 Ft)
- Views
- Slab
- Deck
- Front Porch
- Roof
- Metal
- Lot Size
- 0.85 Acres
- Converted Garage
- RV Access
- Parking
- Storage
- Garage Spaces
- 2
- Pool
- Yes
- Pond
Financial
- Original List Price
- $1,250,000
- Price per Sq Ft
- $281
Utilities
- Cable Connected
- Electricity Connected
- High Speed Internet
- Phone Connected
- Propane
- Water Connected
- Water Source
- Private
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 10512 Lake Park DR, whoever represented it.
- ActiveListed 2026Current price: $1,250,000Original list: $1,250,000MLS 4531978
- Listed · August 21, 2026$1,250,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listed with current price, original ask, and market time.
- Current list
- $1,250,000
- Original list
- $1,250,000
- Price movement
- No verified reduction
- Listed / DOM
- Aug 21, 2026 · 56 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $765,309
- Assessment Year
- 2025
- Year Built
- 2002
- Parcel ID
- 000000106408
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-18.7% | — | $765,309 | — | — |
2024-14.3% | — | $941,776 | $170,000 | $695,094 |
2023+84.8% | — | $1,099,000 | $127,500 | $814,276 |
2022 | — | $594,800 | $127,500 | $971,500 |
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Zoned Schools & District Context
Lake Travis
Bee Cave Middle School
Lake Pointe Elementary
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($250K)
Adjustable assumption - not a lending recommendation.
$1,250,000
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Keenan Market Position
A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.
List price
$1,250,000
Price per sqft
$281/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
56 days
Original to current
No verified reduction
$1.3M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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