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Keenan Group#1 Austin Board of Realtors Team 2024

$2,950,000

4Beds
5.5Baths
3,800Sq Ft
7.78 acresLot

503 Happy Trl, Dripping Springs, TX 78620

Dripping Springs·MLS# 7173493·Built 2024·157 days on market

4 bed, 5 bath, 3,800 sqft on 7.78 acres in Dripping Springs. Dripping Springs, TX 78620. $2,950,000. Johnson City ISD.

About This Home

This recently completed mid-century modern inspired home blends architectural design with natural beauty. Built in 2024, the home captures panoramic Hill Country views through angled glass walls and floor-to-ceiling windows, creating a seamless connection to the outdoors. With thoughtful details, smart technology, and spaces designed for both connection and retreat, every element was intentionally crafted. Inside, warm white oak accents and custom cabinetry anchor the open living areas. The kitchen includes built-in banquette seating, a bar with an ice maker and beverage fridge, and large sliders that open to the gorgeous landscape and views. Under-cabinet lighting, unique window placements, and a flowing layout bring light and function to every corner. Upstairs, a kitchenette with a sink, microwave, dishwasher, and fridge drawers offers additional convenience for guests or family. Outside, extensive professional landscaping complements the natural setting, with wooded walking areas, wet-weather creeks, and raised steel bed gardens adding to the sense of space and privacy. Properties like this don't come along often. Offered alongside 475 Happy Trail.

Property Type
Residential
Year Built
2024
Lot Size
7.78 acres
Price / Sq Ft
$776
Garage
2 spaces

Listing information last updated October 15, 2026.

Listed by Compass RE Texas, LLC

MLS# 7173493 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

2-car garage with additional parking capacity
New construction completed in 2024
Generous 7.78-acre lot
Built-in Features
Ceiling Fan(s)
Beamed Ceilings

Facts & Features

Interior

Features

  • Bar
  • Built-in Features
  • Ceiling Fan(s)
  • Beamed Ceilings
  • Ceiling-High
  • Ceiling-Vaulted
  • Granite Counters
  • Quartz Counters
  • Stone Counters
  • Double Vanity
  • Kitchen Island
  • Multiple Living Areas
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Smart Thermostat
  • Soaking Tub
  • Sound System
  • Walk-In Closet(s)
  • Wired for Sound

Appliances

  • Bar Fridge
  • Built-In Refrigerator
  • Dishwasher
  • Disposal
  • Gas Range
  • Microwave
  • Plumbed For Ice Maker
  • RNGHD
  • Refrigerator
  • Tankless Water Heater
  • Wine Refrigerator

Flooring

  • Tile
  • Wood
Heating
Electric,Fireplace(s),Forced Air
Cooling
Ceiling Fan(s),Central Air
Fireplaces
2
Exterior & Lot

Features

  • Garden
  • Gutters Full

Construction

  • Hardi
  • Plank Type

Lot Features

  • Trees-Heavy
  • Trees-Large (Over 40 Ft)
  • Many Trees
  • Trees-Medium (20 Ft - 40 Ft)
  • Views

Fencing

  • Perimeter

Foundation

  • Slab

Patio / Porch

  • Covered
  • Patio
Roof
Metal
Lot Size
7.78 Acres

Parking

  • Circular Driveway
  • Concrete
  • Driveway
  • Electric Gate
  • Garage
  • Oversized
  • Private
Garage Spaces
2
Financial
Original List Price
$2,950,000
Price per Sq Ft
$776
Utilities
  • Electricity Connected
  • Propane
  • Water Connected
Water Source
Well
Sewer
Septic Tank

Transaction History

1 record on file

Every recorded listing, sale, and lease at 503 Happy TRL, whoever represented it.

  1. ActiveListed 2026
    Current price: $2,950,000Original list: $2,950,000MLS 7173493
    1. Listed · May 11, 2026$2,950,000

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.

View Timeline
Current list
$2,950,000
Original list
$2,950,000
Price movement
No verified reduction
Listed / DOM
May 11, 2026 · 157 days

Tax Record

Public record data from county appraisal records. Market value can differ from assessed value.

Assessed Value
$1,650,000
Assessment Year
2025
Year Built
2023
Parcel ID
11-4480-0000-002CA-7
YearTaxesTotal AssessmentLandAdditions
2025
—$1,650,000$508,190$1,141,810

Virtual Tour

Virtual tour of 503 Happy Trl
Map showing 503 Happy TRL
503 Happy TRL
Directions

Zoned Schools & District Context

Johnson City ISD →

1 High School1 Middle School1 Elementary School

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.

Principal & interest
$16,340

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

20% ($590K)

Adjustable assumption - not a lending recommendation.

$2,950,000

Loan: $2.4M
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Keenan Market Position

A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.

List price

$2,950,000

Price per sqft

$776/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

157 days

Original to current

No verified reduction

$3M original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.

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Frequently Asked Questions

How much is 503 Happy Trl?

503 Happy Trl is listed at $2,950,000 with 4 bedrooms, 5 full, 1 half bathrooms, 3,800 square feet, 7.78-acre lot. This places it above the ZIP 78620 single-family closed-sale median price of $600,000 (ZIP 78620 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 15, 2026).

What school district is 503 Happy Trl in?

503 Happy Trl is zoned for Johnson City ISD with assigned schools: Lyndon B Johnson (elementary), Lyndon B Johnson (middle), Lyndon B Johnson (Johnson City ISD) (high). School assignments should be verified directly with the district.

What are the property details for 503 Happy Trl?

503 Happy Trl is a Residential built in 2024 featuring 4 bedrooms, 5 full, 1 half bathrooms, 3,800 square feet, 7.78-acre lot.

What are the property taxes for 503 Happy Trl?

The most recent annual property tax for 503 Happy Trl is $23,761. 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.

How should a buyer estimate the monthly payment for 503 Happy Trl?

This page does not assume a mortgage rate or publish a monthly payment for 503 Happy Trl. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 503 Happy Trl compare with other homes in Dripping Springs?

As of Oct 15, 2026, 503 Happy Trl is offered at $2,950,000. The current MLS snapshot shows 233 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.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Dripping Springs

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

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Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 10/15/2026, 3:07:11 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated: 10/15/2026, 3:07:11 PM

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