5 bed, 5 bath, 4,960 sqft on 0.42 acres in Dripping Springs. Dripping Springs, TX 78620. $2,299,900. Dripping Springs ISD.
About This Home
MLS# 6167540 - Built by Drees Custom Homes - Ready Now! ~ This stunning single-family residence, nestled in the sought-after Caliterra neighborhood, offers an impressive blend of modern luxury and functional design. Spanning a generous 4,960 square feet, this thoughtfully crafted home, Drees Model Home completed in December 2020, features five spacious bedrooms, including two primary suites, making it ideal for families or those who value ample living space. This selling includes furniture except the standing furniture such as couches, beds, exc.
At $474 per square foot, 122 Crosswater Ln stands out as a large-scale luxury buy in Dripping Springs, with 4,960 square feet, a 0.42-acre lot, and a 2020 build that still reads current. At 122 Crosswater Ln in Dripping Springs, TX 78620, the draw is simple: five bedrooms, five full baths, one half bath, and a floor plan built for households that need real separation without giving up shared living space.
This is a Residential - Single Family Residence in Hays County priced at $2.35 million, and the numbers tell the story quickly. You are getting a newer construction home with the scale many buyers want but rarely find this close to central Dripping Springs. The layout includes two primary suites, which changes how the home lives day to day. That works for multigenerational use, long-term guests, or owners who want flexibility without compromise. The home was completed in 2020 by Drees Custom Homes, and that matters in a market where buyers often compare older custom inventory against newer builds with better energy performance, more efficient room placement, and stronger lock-and-leave usability.
Dripping Springs is one of the best-known master-planned communities in Dripping Springs because it combines larger homesites with neighborhood amenities and a setting that still feels tied to the Hill Country. From this address, Ranch Road 12 is the main daily connector, and US-290 gives you the route east toward Austin or west through the Hill Country. Mercer Street in downtown Dripping Springs is a short drive for restaurants, local retail, and community events. Founders Memorial Park and Dripping Springs Ranch Park are also close by for sports, trails, and weekend time outside. That local access is a major reason buyers target this section of Dripping Springs instead of pushing farther west.
School information is not listed here, so buyers should verify current attendance boundaries directly, but Caliterra is consistently part of the conversation for purchasers focused on Dripping Springs area schools. With 60 days on market, this home gives buyers a chance to evaluate size, age, and price-per-square-foot against the broader luxury inventory with clear eyes. For someone who wants a newer luxury home, usable lot size, and a strong Dripping Springs location with room to adapt over time, 122 Crosswater Ln offers both immediate comfort and long-term value.
The numbers behind this insight
- Offered at
- $2,299,900
- Listed
- December 19, 2025
- Price changes
- 2, down 2.1% from $2,350,000
- Asking price per sq ft
- $464
Keenan Luxury Market Index: $2M-$3M single-family homes across the Austin area sold at a median $601 per sq ft over the trailing 12 months (385 sales), as of October 20, 2026.
- Property Type
- Residential
- Year Built
- 2020
- Lot Size
- 0.42 acres
- Price / Sq Ft
- $464
- HOA
- $1,500/year
- Garage
- 4 spaces
Listing information last updated September 10, 2026.
Listed by HomesUSA.com
MLS# 6167540 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Double Vanity
- Eat-in Kitchen
- Entrance Foyer
- Ceiling-High
- Kitchen Island
- Primary Bedroom on Main
- Open Floorplan
- Pantry
- Walk-In Closet(s)
- Smart Home
- Smart Thermostat
- Storage
- Wired for Data
- Wired for Sound
- Interior Steps
- Study
- Home Office
- Built-In Oven(s)
- Built-In Range
- Cooktop
- Dishwasher
- Disposal
- Exhaust Fan
- Gas Cooktop
- Microwave
- Oven
- Self Cleaning Oven
- Stainless Steel Appliance(s)
- Vented Exhaust Fan
- Water Heater
- Tankless Water Heater
- Carpet
- Tile
- Wood
- Heating
- Central,Propane
- Cooling
- Ceiling Fan(s),Central Air,Multi Units,Zoned
- Fireplaces
- 1
Exterior & Lot
- Lighting
- Private Yard
- Brick
- Concrete
- Glass
- Attic
- Crawl Hatchway(s) Insulated
- Blown-In Insulation
- Recycled
- Bio-Based Insulation
- Masonry – All Sides
- Radiant Barrier
- Stone
- Stucco
- Back Yard
- Front Yard
- Public Maintained Road
- Sprinkler - Automatic
- Sprinklers In Rear
- Sprinklers In Front
- Sprinkler - Rain Sensor
- Sprinklers On Side
- Subdivided
- Wood
- Wrought Iron
- Slab
- Covered
- Roof
- Composition,Shingle,Tile
- Lot Size
- 0.42 Acres
- Attached
- Concrete
- Direct Access
- Door-Multi
- Door-Single
- Driveway
- Electric Gate
- Garage
- Garage Door Opener
- Garage Faces Front
- Garage Faces Side
- Inside Entrance
- Kitchen Level
- Side By Side
- Garage Spaces
- 4
Financial
- HOA Fee
- $1,500 / year
- Original List Price
- $2,350,000
- Price per Sq Ft
- $464
Utilities
- Electricity Available
- Phone Available
- Propane
- Underground Utilities
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 122 Crosswater LN, whoever represented it.
- ActiveListed 2025Current price: $2,299,900Original list: $2,350,000MLS 6167540
- Price changed · February 12, 2026$2,349,900
- Price changed · September 10, 2026$2,299,900
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
Price Change with current price, original ask, and market time.
- Current list
- $2,299,900
- Original list
- $2,350,000
- Price movement
- $50.1K reduction
- Listed / DOM
- Dec 19, 2025 · 306 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $895,163
- Assessment Year
- 2025
- Year Built
- 2024
- Parcel ID
- 11-1090-000K-00017-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $895,163 | $216,830 | $678,333 |
Zoned Schools
Dripping Springs
Dripping Springs Middle
Walnut Springs
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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-15T20:07:28.786+00:00; normalized from annual dues.
20% ($460K)
Adjustable assumption - not a lending recommendation.
$2,299,900
Luxury property intelligence
Keenan Market Position
A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.
List price
$2,299,900
Price per sqft
$464/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
306 days
Original to current
$50.1K reduction
$2.4M 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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