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ActiveMLS #8097190

118 Crater Lake DR, Dripping Springs TX 78620

Dripping Springs, TX 78620 · Cannon Ranch

Single Family Residence for sale in Cannon Ranch

6Bedrooms
4Bathrooms
2,904Square Ft
0.11Acres
2Garage
2026Year Built
1 / 37
$547,020

Overview

Property Description

Welcome home to the Knox, our largest floor plan in Cannon Ranch! This spacious home features 6 bedrooms, 4 bathrooms, a dedicated study, and a large game room, offering plenty of space for everyone. Backing to a scenic walking trail and mature trees, this home offers the perfect blend of space, comfort, and natural beauty!

Financial Info
Price
$547,020
$ / Sqft
$188
HOA
Yes - Mandatory / $43 / Monthly
HOA Name
Cannon Ranch
HOA Includes
Common Area Maintenance
Tax Rate
1.64%
Est. Taxes
$782
Tax Year
2025
Exemptions
None
Legal Info
Address
118 Crater Lake DR
County
Hays
City
Dripping Springs
State
TX
Zip
78620
Subdivision
Cannon Ranch
Legal Description
118 Crater Lake Dr
Parcel
118 Crater Lake Dr
Interior Features
Floor
Carpet, Vinyl
Num Living
2
Dining
1
Kitchen
Breakfast Bar, Kitchen Island
Appliances
Built-In Oven(s), Built-In Range, Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Exhaust Fan, Gas Range, Microwave, Stainless Steel Appliance(s)
Laundry
Laundry Room, Main Level
Master Bed
Double Vanity, Primary Bedroom on Main
Master Main
Yes
Interior Features
Breakfast Bar, Ceiling Fan(s), Double Vanity, Electric Dryer Hookup, Kitchen Island, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Washer Hookup, None, ENERGY STAR Qualified Windows, Screens
General Info
Beds
6 Total / 2 Main Level / 4 Other Level
Full / Half Baths
4 / 0
Prop Type
Residential
Property Type
Single Family Residence
Stories
2
Year Built
2026 / New
Square Feet
2,904 / Builder
Garages
2
Garage Desc
Attached, Garage, Garage Faces Front
Foundation
Slab
Roof
Composition
Construction
HardiPlank Type, Masonry – Partial
Acres
0.11
Lot Description
Interior Lot, Sprinkler - Automatic, Sprinkler - Back Yard, Sprinklers In Front, Sprinkler - Side Yard
Restrictions
None
Flood Plain
No
View
Park/Greenbelt, Trees/Woods
Water Access
No
Waterfront
No
Area
HD
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Cable Available, Electricity Available, Internet-Cable, Natural Gas Available, Water Available
Heat
Central, Natural Gas
A C
Central Air
Exterior Features
Fence
Back Yard, Privacy, Wood
Exterior Features
Gutters Partial, Pest Tubes in Walls, Covered, Patio
Pool On Property
No
Area Amenities
Picnic Area, Playground

Rooms

Rooms3 rooms

Main level

  • Primary Bathroom

    Dual Vanity, Full Bath, Garden Tub, Walk-In Closet(s), Walk-in Shower

  • Primary Bedroom

    Ceiling Fan(s)

  • Kitchen

    Kitchn - Breakfast Area, Center Island, Quartz Counters, Open to Family Room, Pantry, Recessed Lighting

Price history

Days on market
$547,020
List price
0
Price reductions
Active
Since Oct 21, 2026
Property history1 event
DateEventPriceChange
Oct 21, 2026New Listing

Taxes

Tax data isn’t available for this property’s county yet.

Schools

School Info
District
Dripping Springs ISD
Elementary
WildwoodSprings
Middle
Dripping Springs Middle
High
Dripping Springs

Maps

Financing

Your preferences

  • 20% down
  • Conv/Jumbo
  • 30 years
  • 6.50% rate

Saved on this device

List price $547,020
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$3,287 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $3,287

Principal & interest
$2,766
Property taxes
$65
Homeowners insurance
$456

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$437,616$4,891$28,301$432,725
2$432,725$5,219$27,973$427,506
3$427,506$5,568$27,624$421,937
4$421,937$5,941$27,251$415,996
5$415,996$6,339$26,853$409,657
6$409,657$6,764$26,429$402,893
7$402,893$7,217$25,976$395,676
8$395,676$7,700$25,492$387,976
9$387,976$8,216$24,977$379,760
10$379,760$8,766$24,426$370,994
  • Year 1$432,725
    Principal paid
    $4,891
    Interest paid
    $28,301
    Starting balance
    $437,616
  • Year 2$427,506
    Principal paid
    $5,219
    Interest paid
    $27,973
    Starting balance
    $432,725
  • Year 3$421,937
    Principal paid
    $5,568
    Interest paid
    $27,624
    Starting balance
    $427,506
  • Year 4$415,996
    Principal paid
    $5,941
    Interest paid
    $27,251
    Starting balance
    $421,937
  • Year 5$409,657
    Principal paid
    $6,339
    Interest paid
    $26,853
    Starting balance
    $415,996
  • Year 6$402,893
    Principal paid
    $6,764
    Interest paid
    $26,429
    Starting balance
    $409,657
  • Year 7$395,676
    Principal paid
    $7,217
    Interest paid
    $25,976
    Starting balance
    $402,893
  • Year 8$387,976
    Principal paid
    $7,700
    Interest paid
    $25,492
    Starting balance
    $395,676
  • Year 9$379,760
    Principal paid
    $8,216
    Interest paid
    $24,977
    Starting balance
    $387,976
  • Year 10$370,994
    Principal paid
    $8,766
    Interest paid
    $24,426
    Starting balance
    $379,760
First 10 of 30 years

Nearby

Courtesy of ERA Experts · (512) 270-4765

Listings courtesy of ACTRIS as distributed by MLS GRID.