
5 bed, 4 bath, 4,501 sqft on 0.35 acres in Dripping Springs. Dripping Springs, TX 78620. $1,169,700. Dripping Springs ISD.
BRAND-NEW MOVE-IN-READY home NEVER LIVED IN located in the sought-after Headwaters community. HILLTOP with incredible HILL COUNTRY VIEWS. One of 12 houses in the EXCLUSIVE HILLTOP enclave of Headwaters offering incredible Hill COUNTRY VIEWS, on a large 0.35 AC lot large enough for a POOL! This stunning luxury home features include a chef's kitchen with an oversized island, quartz countertops, Siltstone sink & stainless appliances. Wood floors though out the main floor & staircase, 12’ beamed ceilings in family room, w/ 16’ FULL GLASS SLIDERS opening to the oversized 12’ ceiling back patio giving this a true indoor/outdoor experience. The main level provides an owner's retreat also w/ 12’ ceilings, owner bath w/ quartz countertops, walk-in shower w/ beautiful Carrara marble though out, freestanding tub & huge walk-in closet. Your guests will enjoy a very private second bedroom & bath DOWNSTAIRS, & second dining room, game room/office-your choice of use. Upstairs there are three additional bedrooms & two baths, game room & wired media room. The home sits on over 1/3 acre & offers a 3-car front loaded garage. Owners paid $305k in lot premium alone and large enough for a pool site!!! This home is one of the largest floor plans and on the best lot in Headwaters w/sweeping VIEWS from every window. Enjoy waking up to the sunrise over the hills beaming into the kitchen, dining, family room and owners suite. Home includes over $150k well thought out design upgrade options. Brand new furniture is negotiable. Miles of nature hiking/biking trails, an amenity center, playground, infinity edge resort-style pool, splash pad, gym/work out center and much more. Exemplary award- winning & top-ranking Dripping Springs ISD. Just 25 minutes west of Austin with quick access to 290, shopping and restaurants less than 2 miles.
A 2022 build on a 0.35-acre hilltop lot with broad Hill Country views is the core value at 298 Smoke Tree Cir in Dripping Springs. In a market where lot placement often matters as much as square footage, this property stands out because it pairs one of the community's larger homes with a homesite positioned for exposure, privacy, and long-range outlooks.
At 4,501 square feet, the house delivers five bedrooms, four full baths, and one half bath at $1.25M, or $277 per square foot. The floor plan is built for flexibility without losing focus on day-to-day function. The main level centers on open living, a large kitchen, and direct connection to an oversized covered patio through full glass sliders, which makes the indoor-outdoor relationship a real asset rather than a design talking point. The owner's suite is also on the main floor, along with a private secondary bedroom and bath that works well for guests or extended stays. Upstairs, three additional bedrooms, two baths, a game room, and a wired media room give the layout enough separation for larger households or multi-use living.
The finish level is also clear in the facts that matter. Wood flooring runs through the main floor and staircase. The kitchen is anchored by an oversized island, quartz counters, a Silestone sink, and stainless appliances. In the primary bath, quartz surfaces, a walk-in shower finished with Carrara marble, and a freestanding tub push the home into a more competitive tier for buyers comparing newer construction in Dripping Springs. A three-car front-loaded garage and a lot sized to accommodate a pool add practical value that is increasingly hard to replicate in newer neighborhood inventory.
This home has also spent 283 days on market, which sophisticated buyers should read carefully. Extended market time does not erase the underlying strengths here: recent construction, substantial square footage, a large lot, hilltop placement, and a view-driven setting within Headwaters. The community amenities, including trails, a pool, splash pad, playground, and fitness center, strengthen the ownership experience, and the location within Dripping Springs ISD adds another layer of long-term positioning. For a buyer who understands that lot quality, view orientation, and usable scale tend to hold value better than trend-driven finishes alone, this property has the fundamentals to remain relevant well beyond its current listing cycle.
Verified property facts
298 Smoke Tree CIR is listed at $1,169,700 with 5 bedrooms, 4 full, 1 half bathrooms, 4,501 square feet, 0.35-acre lot. This places it above the ZIP 78620 single-family closed-sale median price of $867,000 (ZIP 78620 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 1, 2026).
298 Smoke Tree CIR is zoned for Dripping Springs ISD with assigned schools: Dripping Springs (6/10) (elementary), Dripping Springs Middle (middle), Dripping Springs (8/10) (high). School assignments should be verified directly with the district.
298 Smoke Tree CIR is a Residential built in 2022 featuring 5 bedrooms, 4 full, 1 half bathrooms, 4,501 square feet, 0.35-acre lot.
298 Smoke Tree CIR is listed by Coldwell Banker Realty. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Oct 2, 2026.
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1 record on file
Every recorded listing, sale, and lease at 298 Smoke Tree CIR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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 | — | $971,400 | $158,420 | $812,980 |
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% ($234K)
Adjustable assumption - not a lending recommendation.
$1,169,700
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List price
$1,169,700
Price per sqft
$260/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
528 days
Original to current
$128K reduction
$1.3M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 2, 2026.
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The most recent annual property tax for 298 Smoke Tree CIR is $2,025. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
This page does not assume a mortgage rate or publish a monthly payment for 298 Smoke Tree CIR. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 2, 2026, 298 Smoke Tree CIR is offered at $1,169,700. The current MLS snapshot shows 223 active listings in 78620. Keenan Group has completed 15 verified transactions in 78620 within its 1,000+ completed transactions and $1B+ career volume across Austin.
298 Smoke Tree CIR was built in 2022, making it 4 years old with relatively recent construction.
The MLS listing reports HOA or association dues of $372 quarterly for 298 Smoke Tree CIR. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
8 events on record
Current Price
$1,169,700
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $971,400 | $158,420 | $812,980 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
| Address | Offered At |
|---|---|
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| 306 Saddlehorn Dr | $1.40M |
| 265 Quinn Dr | $1.09M |
| 32635 Ranch Road 12 Rnch | $940K |
| 500 Hazy Hills Loop | $797K |
| 120 Nodena Dr | $600K |
| 708 Bunker Ranch Blvd | $780K |
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