10512 Lake Park DR, Dripping Springs TX 78620
Dripping Springs, TX 78620 · Twin Lake Hills
Single Family Residence for sale in Twin Lake Hills
Overview
Property Description
Set on nearly an acre overlooking a serene 25-acre park, this Hill Country farmhouse offers a rare blend of privacy, space, and opportunity. With 4,800+ square feet of living space, a 1,500 sq ft workshop, and a detached garage apartment with its own kitchen and bath that adds approximately 435 square feet, the property is currently operating as a short-term rental—making it an ideal second home that can help offset ownership costs, or a full-time residence with built-in flexibility. The original garage has been thoughtfully converted into a versatile space that can function as a game room or a fully separate apartment with living area and bedroom—perfect for guests, extended family, or additional rental income. Inside, all kitchens and baths have been beautifully updated with quartz and marble countertops. The light-filled main kitchen opens seamlessly to the living and dining areas, creating an inviting space for gathering and entertaining. The spacious primary suite on the main level features a clawfoot soaking tub, frameless glass shower, and morning light, with an additional room nearby perfect for a home office or nursery. Enjoy peaceful views and direct access to walking trails, fishing ponds, sport courts, and playgrounds just beyond your backyard. With light restrictions, this property welcomes chickens, boats, and RVs, offering rare freedom to live expansively. Zoned to Lake Travis ISD and short-term rental friendly, this home offers the freedom to live, host, or invest—whether as a primary residence, weekend escape, or income-producing retreat. Furnishings convey, excluding a short list of seller exclusions. Proven rental history available upon request. A truly versatile Hill Country haven where lifestyle and opportunity meet.
Financial Info
- Price
- $1,250,000
- $ / Sqft
- $281
- HOA
- None
- Tax Rate
- 1.624%
- Est. Taxes
- $12,428
- Tax Year
- 2025
- Exemptions
- None
Legal Info
- Address
- 10512 Lake Park DR
- County
- Travis
- City
- Dripping Springs
- State
- TX
- Zip
- 78620
- Subdivision
- Twin Lake Hills
- Legal Description
- LOT3-5 BLK XX TWIN LAKE HILLS
- Parcel
- 01079706090000
Interior Features
- Floor
- Carpet, Concrete, Tile, Wood
- Num Living
- 4
- Dining
- 1
- Kitchen
- Breakfast Bar, Kitchen Island, Pantry
- Appliances
- See Remarks, Dishwasher, Disposal, Electric Cooktop, Exhaust Fan, Gas Range, Microwave, Oven, Electric Oven, RNGHD, Refrigerator, Stainless Steel Appliance(s), Water Softener Owned
- Laundry
- Laundry Room, Main Level
- Master Bed
- Primary Bedroom on Main, Walk-In Closet(s)
- Master Main
- Yes
- Fireplaces
- 1
- Fireplace Description
- Fire Pit, Great Room, Masonry, Raised Hearth, Wood Burning
- Interior Features
- Bookcases, Breakfast Bar, Built-in Features, Ceiling Fan(s), High Ceilings, Quartz Counters, Electric Dryer Hookup, Entrance Foyer, Interior Steps, Kitchen Island, Multiple Living Areas, Open Floorplan, Pantry, Primary Bedroom on Main, Soaking Tub, Study/Home Office, Walk-In Closet(s), Washer Hookup, Smoke Detector(s), Double Pane Windows, Screens, Wood Frames
General Info
- Beds
- 5 Total / 2 Main Level / 3 Other Level
- Full / Half Baths
- 4 / 0
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 2
- Year Built
- 2002 / Updated/Remodeled
- Square Feet
- 4,444 / Public Records
- Garages
- 2
- Garage Desc
- Converted Garage, RV Access/Parking, Storage
- Foundation
- Slab
- Roof
- Metal
- Construction
- Masonry – Partial, Shake Siding, Vinyl Siding, Stone Veneer
- Acres
- 0.85
- Lot Description
- Back to Park/Greenbelt, Back Yard, Bluff, Cul-De-Sac, Front Yard, Gentle Sloping, Private, Sloped Down, Many Trees, Trees-Medium (20 Ft - 40 Ft), Views
- Restrictions
- See Remarks
- Flood Plain
- No
- View
- Hill Country, Panoramic, Park/Greenbelt, Pond, Rural, Trees/Woods
- Water Access
- No
- Waterfront
- No
- Area
- LS
Utility Info
- Water
- Private
- Sewer
- Septic Tank
- Utilities
- Cable Connected, Electricity Connected, Internet-Cable, Phone Connected, Propane, Water Connected
- Heat
- Central, Fireplace(s)
- A C
- Ceiling Fan(s), Central Air
Exterior Features
- Fence
- None
- Exterior Features
- Gutters Full, Lighting, Private Yard, Deck, Front Porch
- Pool On Property
- Yes
- Area Amenities
- Lake, Park, Picnic Area, Playground, Sport Court(s)/Facility
Rooms
Main level
- Office
Ceiling Fan(s), CRWN
- Kitchen
Breakfast Bar, Center Island, Quartz Counters, Dining Area, Open to Family Room, Pantry, Recessed Lighting
- Primary Bathroom
Dual Vanity, Full Bath, Natural Woodwork, Separate Shower, Soaking Tub, Walk-in Shower
- Bedroom
Ceiling Fan(s), CRWN
- Primary Bedroom
Ceiling Fan(s), CRWN, Full Bath
- Foyer
Bookcases, High Ceilings
- Bathroom
Dual Vanity, Full Bath, Walk-in Shower
- Living Room
Ceiling Fan(s), High Ceilings, Vaulted Ceiling(s)
- Dining Room
Chandelier, Dining Area, High Ceilings, Vaulted Ceiling(s)
- Converted Garage
Recessed Lighting
Second level
- Bedroom
Ceiling Fan(s)
- Bedroom
Ceiling Fan(s)
- Bedroom
Garage apartment
Full Bath
- Media Room
Ceiling Fan(s)
- Bathroom
Quartz Counters, Full Bath
- Bathroom
Garage apartment
Quartz Counters, Full Bath
- Living Room
Garage apartment (currently suited as a bedroom)
Ceiling Fan(s)
- Additional Ktch
Garage apartment with full kitchen - Includes full size oven, electric stove, microwave, sink, mini fridge/freezer.
Quartz Counters, Open to Family Room, Recessed Lighting
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 21, 2026 | New Listing | — |
Taxes
Schools
School Info
- District
- Lake Travis ISD
- Elementary
- Bee Cave
- Middle
- Bee Cave Middle School
- High
- Lake Travis
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$8,399 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $8,399
- Principal & interest
- $6,321
- Property taxes
- $1,036
- Homeowners insurance
- $1,042
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $1,000,000 | $11,177 | $64,671 | $988,823 | |
| 2 | $988,823 | $11,926 | $63,922 | $976,897 | |
| 3 | $976,897 | $12,725 | $63,124 | $964,172 | |
| 4 | $964,172 | $13,577 | $62,271 | $950,596 | |
| 5 | $950,596 | $14,486 | $61,362 | $936,110 | |
| 6 | $936,110 | $15,456 | $60,392 | $920,654 | |
| 7 | $920,654 | $16,491 | $59,357 | $904,162 | |
| 8 | $904,162 | $17,596 | $58,252 | $886,567 | |
| 9 | $886,567 | $18,774 | $57,074 | $867,793 | |
| 10 | $867,793 | $20,031 | $55,817 | $847,761 |
- Year 1$988,823
- Principal paid
- $11,177
- Interest paid
- $64,671
- Starting balance
- $1,000,000
- Year 2$976,897
- Principal paid
- $11,926
- Interest paid
- $63,922
- Starting balance
- $988,823
- Year 3$964,172
- Principal paid
- $12,725
- Interest paid
- $63,124
- Starting balance
- $976,897
- Year 4$950,596
- Principal paid
- $13,577
- Interest paid
- $62,271
- Starting balance
- $964,172
- Year 5$936,110
- Principal paid
- $14,486
- Interest paid
- $61,362
- Starting balance
- $950,596
- Year 6$920,654
- Principal paid
- $15,456
- Interest paid
- $60,392
- Starting balance
- $936,110
- Year 7$904,162
- Principal paid
- $16,491
- Interest paid
- $59,357
- Starting balance
- $920,654
- Year 8$886,567
- Principal paid
- $17,596
- Interest paid
- $58,252
- Starting balance
- $904,162
- Year 9$867,793
- Principal paid
- $18,774
- Interest paid
- $57,074
- Starting balance
- $886,567
- Year 10$847,761
- Principal paid
- $20,031
- Interest paid
- $55,817
- Starting balance
- $867,793
Nearby
Courtesy of Compass RE Texas, LLC · (512) 575-3644
Listings courtesy of ACTRIS as distributed by MLS GRID.