— bed, — bath, 1,904 sqft on 4.00 acres in Dripping Springs. Dripping Springs, TX 78620. $999,000. Dripping Springs ISD.
About This Home
*HUGE $100K+ PRICE REDUCTION: Own this incredible Dripping Springs estate for under $1M! Discover an unparalleled investment opportunity nestled in the picturesque heart of Dripping Springs, Texas, offering an exquisite income-producing retreat. This expansive property features a unique collection of eight distinct units, providing a rare chance to own a fully operational short-term rental compound. Guests are invited to immerse themselves in the breathtaking panoramic vistas of the Texas Hill Country, experiencing tranquility and natural beauty. The estate comprises four charming cabins, three stylish tiny homes, and a spacious three-bedroom, two-bathroom manufactured home ideally situated at the property's entrance. This arrangement offers flexibility for an on-site owner, a dedicated property manager, or as an additional source of rental income. Each rental unit is meticulously designed, boasting modern amenities, comfortable furnishings, and welcoming outdoor areas, perfect for unwinding and enjoying the serene landscape. Guests can savor peaceful mornings on private porches and witness unforgettable sunset views, ensuring an authentic Texas escape with every stay. The thoughtful layout ensures both privacy and versatility, catering to individual rentals, group gatherings, weddings, or special events. With abundant space, mature trees, and potential for further expansion, this property effortlessly merges a desirable lifestyle with a robust investment. Located just a short drive to Pedernales Falls, and mere minutes from renowned wineries, breweries, and popular wedding venues. 931 Sycamore offers convenient access to all the attractions Dripping Springs has to offer, while retaining a secluded, true getaway ambiance. This turnkey opportunity in one of Central Texas’ most coveted destinations promises significant income, undeniable charm, and boundless possibilities, whether expanding an investment portfolio or creating a personal Hill Country haven.
Four acres in Dripping Springs is the defining advantage here, and 931 Sycamore Creek Drive Dr pairs that land value with existing income-producing use in Dripping Springs. In a market where scale, flexibility, and school path all matter, this residential income property sits in Dripping Springs ISD, with Dripping Springs schools including Dripping Springs Middle in the assigned track.
At $1.29M, or $677 per square foot, the pricing conversation starts with more than the 1,904 square feet shown in the core residence profile. The broader opportunity is the site itself: a 4-acre tract in Hays County with a current income orientation, a year built of 2000, and a layout positioned for multiple occupancy and multiple use cases. The existing improvements are framed around an operating rental compound with four cabins, three tiny homes, and a three-bedroom, two-bath manufactured home at the front of the property, creating a structure that can support owner oversight, on-site management, or another income stream within the same holding. For buyers looking at residential income in Dripping Springs, that kind of built-in flexibility is usually where the real underwriting value begins.
The setting also matters. Dripping Springs continues to attract demand because buyers are not just purchasing a structure. They are buying land control, Hill Country positioning, and optionality. This property speaks directly to that. The remarks point to panoramic Hill Country views, private outdoor areas, mature trees, and a layout that gives occupants separation rather than compression. That distinction is important for short-term rental performance, group bookings, or retreat-style use, where privacy and open space drive both guest appeal and revenue durability more than cosmetic finishes alone. A fireplace adds another practical feature to the existing improvements.
With only 9 days on market, this offering is still early in its exposure cycle, which matters for buyers who understand how quickly distinctive acreage-backed income properties can get absorbed. The strongest case for 931 Sycamore Creek Drive Dr is not that it fits neatly into a single category. It is that it combines Dripping Springs land, existing rental infrastructure, and school-district credibility in a format that can be held for cash flow, refined operationally, or repositioned over time as the Dripping Springs market continues to mature.
The numbers behind this insight
- Offered at
- $999,000
- Listed
- March 7, 2026
- Price changes
- Reduced, down 22.5% from $1,289,000
- Asking price per sq ft
- $525
- Property Type
- Residential Income
- Year Built
- 2000
- Lot Size
- 4.00 acres
- Price / Sq Ft
- $525
Listing information last updated October 12, 2026.
Listed by Berkshire Hathaway TX Realty
MLS# 7499560 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Ceiling-Vaulted
- Multiple Dining Areas
- Multiple Living Areas
- Primary Bedroom on Main
- Dishwasher
- Microwave
- Free-Standing Range
- Laminate
- Heating
- Central,Ductless
- Cooling
- Ceiling Fan(s),Central Air,Ductless
- Fireplaces
- 1
Exterior & Lot
- Trees-Medium (20 Ft - 40 Ft)
- Chain Link
- Partial
- Deck
- Roof
- Composition
- Lot Size
- 4.00 Acres
- Outside
- Dry
- Seasonal
Financial
- Original List Price
- $1,289,000
- Price per Sq Ft
- $525
Utilities
- Electricity Available
- Water Source
- Well
- Sewer
- Septic Tank
Transaction History
3 records on file
Every recorded listing, sale, and lease at 931 Sycamore Creek DR, whoever represented it.
- ActiveListed 2026Current price: $999,000Original list: $1,289,000MLS 9797316
- Listed · February 25, 2026$1,289,000
- Price changed · May 28, 2026$1,239,000
- Price changed · August 28, 2026$1,100,000
- Price changed · October 12, 2026$999,000
- ActiveListed 2026Current price: $999,000Original list: $1,289,000MLS 7499560
- Listed · March 7, 2026$1,289,000
- Price changed · May 28, 2026$1,239,000
- Price changed · August 28, 2026$1,100,000
- Price changed · October 12, 2026$999,000
- ActiveListed 2026Current price: $999,000Original list: $1,289,000MLS 6078958
- Listed · February 25, 2026$1,289,000
- Price changed · May 28, 2026$1,239,000
- Price changed · August 28, 2026$1,100,000
- Price changed · October 12, 2026$999,000
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
Listing timeline with current price, original ask, and market time.
- Current list
- $999,000
- Original list
- $1,289,000
- Price movement
- $290K reduction
- Listed / DOM
- Mar 7, 2026 · 229 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $435,592
- Assessment Year
- 2025
- Year Built
- 2000
- Parcel ID
- 11-2160-0000-004A2-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $435,592 | $300,900 | $134,692 |
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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, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($200K)
Adjustable assumption - not a lending recommendation.
$999,000
Luxury property intelligence
Keenan Market Position
A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.
List price
$999,000
Price per sqft
$525/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
229 days
Original to current
$290K 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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