
Perched gently atop a hill on a quiet circle street, this soft farmhouse in Headwaters captures the essence of serene Hill Country living in Dripping Springs, TX. From the moment you arrive, there’s a sense of calm—wide skies, rolling hills, and a welcoming community that feels both connected and private. This coveted, custom-built section of Headwaters is at the top of the hill of this gorgeous community, where lots are larger and the views are vast.
Set on an oversized corner lot and backing to peaceful greenspace, this five-bedroom home offers rare privacy with no neighbors behind, creating a backyard retreat where mornings begin with coffee and views, and evenings wind down under open Texas skies. Inside, tall ceilings and grand yet inviting spaces strike a balance between openness and warmth. The main living area, anchored by a fireplace, flows effortlessly into the kitchen and dining spaces, all framed by relaxing greenbelt views.
Designed for both everyday living and flexibility, the home features a true guest suite, a dedicated office, and three separate living areas—perfect for gathering, working, or simply spreading out. Upstairs, a spacious second living room is surrounded by generously sized bedrooms, while the primary suite offers a spa-like escape with room for a private sitting area.
Life in Headwaters means more than just a beautiful home—it’s a lifestyle. Residents enjoy access to resort-style amenities including a pool, splash pad, scenic trails, fitness center, gathering pavilion, and a charming WiFi cafe; with fresh coffee. Located within the highly sought-after Dripping Springs ISD, with access to top-rated, award-winning schools and a brand-new campus, this home offers both tranquility and opportunity.
For buyers searching for homes in Dripping Springs TX, The Hilltop at Headwaters is where natural beauty, thoughtful design, and vibrant community come together in one unforgettable place.
Property Type
Residential
Year Built
2022
Lot Size
0.30 acres
$/Sq Ft
$248
HOA
$372/mo
Garage
2 spaces
Listed by Compass RE Texas, LLC
Verified property facts
202 Smoke Tree CIR is listed at $899,000 with 5 bedrooms, 4 full, 1 half bathrooms, 3,632 square feet, 0.30-acre lot. This places it above the 78620 median of $867,000.
202 Smoke Tree CIR is zoned for Dripping Springs ISD with assigned schools: Dripping Springs (elementary), Dripping Springs Middle (middle), Dripping Springs (high). School assignments should be verified directly with the district.
202 Smoke Tree CIR is a Residential built in 2022 featuring 5 bedrooms, 4 full, 1 half bathrooms, 3,632 square feet, 0.30-acre lot.
202 Smoke Tree CIR is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
With 20% down ($179,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 202 Smoke Tree CIR is around $6,313 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Price Change with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $790,000 | $158,420 | $631,580 |

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. Ratings from GreatSchools.org.
20% ($180K)
$899,000
Luxury property intelligence
A sourced read on Headwaters At Barton Creek Ph 2 pricing, timing, and property scale. No automated valuation claim.
List price
$899,000
Price per sqft
$248/sqft
Vs. Headwaters At Barton Creek Ph 2 median
Not available
Days on market
113 days
Original to current
$151K reduction
$1.1M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Aug 1, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
At $899,000, 202 Smoke Tree CIR is in the Headwaters At Barton Creek Ph 2 market where there are currently 230 active listings in 78620. The Keenan Group has completed 11 transactions in 78620 as part of 1,000+ career sales totaling $1B+ across Austin.
202 Smoke Tree CIR was built in 2022, making it 4 years old with relatively recent construction.
202 Smoke Tree CIR includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
202 Smoke Tree CIR is part of a managed community with HOA dues of $372 quarterly. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
6 events on record
Current Price
$899,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $790,000 | $158,420 | $631,580 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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