5 bed, 4 bath, 4,501 sqft on 0.35 acres in Dripping Springs. Dripping Springs, TX 78620. $1,169,700. Dripping Springs ISD.
About This Home
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.
The numbers behind this insight
- Offered at
- $1,169,700
- Listed
- April 22, 2025
- Price changes
- 6, down 9.9% from $1,297,700
- Asking price per sq ft
- $260
- Property Type
- Residential
- Year Built
- 2022
- Lot Size
- 0.35 acres
- Price / Sq Ft
- $260
- HOA
- $372/quarter
- Garage
- 3 spaces
Listing information last updated July 31, 2026.
Listed by Coldwell Banker Realty
MLS# 2078833 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Beamed Ceilings
- Ceiling-High
- Tray Ceiling(s)
- Ceiling-Vaulted
- Quartz Counters
- Crown Molding
- Double Vanity
- High Speed Internet
- In-Law Floorplan
- Kitchen Island
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Recessed Lighting
- Soaking Tub
- Walk-In Closet(s)
- Wired for Sound
- Built-In Gas Oven
- Built-In Oven(s)
- Cooktop
- Gas Cooktop
- Microwave
- Oven
- Gas Oven
- Self Cleaning Oven
- Stainless Steel Appliance(s)
- Tankless Water Heater
- Vented Exhaust Fan
- Water Heater
- Carpet
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Balcony
- Gutters Full
- Private Yard
- Hardi
- Plank Type
- Stone
- Greenbelt
- Slab
- Covered
- Front Porch
- Patio
- Rear Porch
- Roof
- Composition
- Lot Size
- 0.35 Acres
- Attached
- Garage
- Garage Door Opener
- Garage Spaces
- 3
Financial
- HOA Fee
- $372 / quarter
- Original List Price
- $1,297,700
- Price per Sq Ft
- $260
Utilities
- Cable Available
- Electricity Available
- High Speed Internet
- Natural Gas Available
- Phone Available
- Sewer Available
- Water Available
- Water Source
- MUD
- Sewer
- MUD
Transaction History
1 record on file
Every recorded listing, sale, and lease at 298 Smoke Tree CIR, whoever represented it.
- ActiveListed 2025Current price: $1,169,700Original list: $1,297,700MLS 2078833
- Price changed · December 18, 2025$1,279,700
- Price changed · December 27, 2025$1,259,700
- Price changed · January 31, 2026$1,247,700
- Price changed · March 30, 2026$1,197,700
- Price changed · May 14, 2026$1,172,700
- Price changed · July 31, 2026$1,169,700
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Explore this area
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $1,169,700
- Original list
- $1,297,700
- Price movement
- $128K reduction
- Listed / DOM
- Apr 22, 2025 · 548 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $971,400
- Assessment Year
- 2025
- Year Built
- 2021
- Parcel ID
- 11-3723-000F-01200-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $971,400 | $158,420 | $812,980 |
Zoned Schools & District Context
Dripping Springs
Dripping Springs Middle
Rooster Springs 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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-16T00:07:05.342+00:00; normalized from quarterly dues.
20% ($234K)
Adjustable assumption - not a lending recommendation.
$1,169,700
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Keenan Market Position
A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.
List price
$1,169,700
Price per sqft
$260/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
548 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 16, 2026.
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