4 bed, 3 bath, 1,933 sqft on 0.30 acres in Dripping Springs. Dripping Springs, TX 78620. $850,000. Dripping Springs ISD.
About This Home
Located in the heart of downtown Dripping Springs, this beautifully crafted Tejas Heritage home offers a rare combination of timeless design, exceptional quality, and unbeatable walkability. Whether you're searching for a full-time residence, weekend getaway, or income-producing short-term rental, this property checks every box.
Enjoy being just steps from Pig Pen BBQ, Rolling in Thyme & Dough, boutique shopping along Mercer Street, live music at Hudson's on Mercer, and only minutes from H-E-B, Home Depot, and all that Dripping Springs has to offer.
Thoughtfully designed with aging-in-place principles, the home features ADA-friendly elements that provide comfort, accessibility, and long-term livability without sacrificing style. Built by the highly respected Tejas Heritage Homes, it showcases quality craftsmanship and thoughtful architectural details throughout.
The inviting outdoor living spaces are perfect for entertaining, featuring covered front and back porches and a beautiful outdoor fireplace overlooking the private backyard. A detached upstairs apartment with its own private entrance, kitchenette, and full bathroom provides incredible flexibility for guests, multigenerational living, a home office, or additional rental income.
Currently operating as a successful short-term rental, this property offers immediate investment potential while also presenting a unique opportunity for future commercial use. The property is currently working with the City of Dripping Springs toward potential commercial zoning, making it an excellent option for a boutique medical, dental, or professional office (buyer to independently verify zoning and permitted uses).
Whether you're looking to invest, live, work, or enjoy the best of downtown Dripping Springs, opportunities like this are exceptionally rare.
Main Home is 1657 square feet (3 BED I 2 Bath) and Garage Apartment is 576 square feet (1 Bed I 1 Bath)
- Property Type
- Residential
- Year Built
- 2008
- Lot Size
- 0.30 acres
- Price / Sq Ft
- $440
- Garage
- 2 spaces
Listing information last updated October 14, 2026.
Listed by Magnolia Realty Austin Hill Co
MLS# 2737840 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Breakfast Bar
- Beamed Ceilings
- Open Floorplan
- Pantry
- Recessed Lighting
- Built-In Electric Range
- Microwave
- Refrigerator
- Washer
- Dryer
- Concrete
- Heating
- Central,Fireplace(s)
- Cooling
- Ceiling Fan(s),Central Air
- Fireplaces
- 1
Exterior & Lot
- Basketball Court
- Private Entrance
- City Lot
- Full
- Wood
- Slab
- Covered
- Front Porch
- Patio
- Rear Porch
- Roof
- Metal
- Lot Size
- 0.30 Acres
- Driveway
- Garage
- Garage Spaces
- 2
Financial
- Original List Price
- $850,000
- Price per Sq Ft
- $440
Utilities
- Cable Connected
- Electricity Connected
- High Speed Internet
- Phone Available
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 315 Hays ST, whoever represented it.
- ActiveListed 2026Current price: $850,000Original list: $850,000MLS 2737840
- Listed · July 13, 2026$850,000
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
- $850,000
- Original list
- $850,000
- Price movement
- No verified reduction
- Listed / DOM
- Jul 13, 2026 · 101 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $572,898
- Assessment Year
- 2025
- Year Built
- 2008
- Parcel ID
- 11-1455-0300-00100-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $572,898 | $101,020 | $471,878 |
Virtual Tour
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, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($170K)
Adjustable assumption - not a lending recommendation.
$850,000
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Keenan Market Position
A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.
List price
$850,000
Price per sqft
$440/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
101 days
Original to current
No verified reduction
$850K 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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