#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
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
$/Sq Ft
$440
Garage
2 spaces
Listed by Magnolia Realty Austin Hill Co
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
315 Hays ST is listed at $850,000 with 4 bedrooms, 3 full bathrooms, 1,933 square feet, 0.30-acre lot.
315 Hays ST is zoned for Dripping Springs ISD with assigned schools: Walnut Springs (elementary), Dripping Springs Middle (middle), Dripping Springs (high). School assignments should be verified directly with the district.
315 Hays ST is a Residential built in 2008 featuring 4 bedrooms, 3 full bathrooms, 1,933 square feet, 0.30-acre lot.
315 Hays ST 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.
The most recent annual property tax for 315 Hays ST is $10,668. 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listed 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 | — | $572,898 | $101,020 | $471,878 |
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% ($170K)
$850,000
Luxury property intelligence
A sourced read on W T Chapman #3 pricing, timing, and property scale. No automated valuation claim.
List price
$850,000
Price per sqft
$440/sqft
Vs. W T Chapman #3 median
Not available
Days on market
19 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 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
With 20% down ($170,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 315 Hays ST is around $5,299 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $850,000, 315 Hays ST is in the W T Chapman #3 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.
315 Hays ST includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
2 events on record
Current Price
$850,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $572,898 | $101,020 | $471,878 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in W T Chapman #3
Recent sales for market context
