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ActiveMLS #5606263

2591 Spring Valley DR, Dripping Springs TX 78620

Dripping Springs, TX 78620 · Springlake

Single Family Residence for sale in Springlake

3Bedrooms
1Bathrooms
1,444Square Ft
2.74Acres
0Garage
1983Year Built
Price Reduced
1 / 40
$525,000$539,000
3D tour

Overview

Property Description

Opportunity meets Texas Hill Country charm on 2.744 fully fenced acres just minutes from downtown Dripping Springs. With no HOA and the flexibility for short-term rental use, this unique property offers an exciting opportunity for investors, weekend-home buyers, or anyone looking for a property that can serve as both a personal Hill Country escape and income-producing rental. Behind the gated entrance, heritage oak trees, a seasonal creek, small barn, and chicken coop create the kind of authentic Hill Country experience guests come to Dripping Springs to find. There's room to gather around a firepit, enjoy coffee under the trees, watch the stars at night, or simply escape the pace of the city. The acreage also offers plenty of potential to further enhance the guest experience with outdoor gathering spaces, games, gardens, or other amenities. Inside, the thoughtfully updated home features three bedrooms, a beautifully renovated bath, and an updated kitchen that blends modern convenience with Hill Country character. City water, low tax rates, and no HOA add to the property's appeal. Location is one of the biggest advantages. Just ten minutes from downtown Dripping Springs and convenient to the Hill Country Galleria, the property puts guests close to the area's popular wedding venues, wineries, breweries, restaurants, shopping, and Hill Country attractions while still giving them the privacy and acreage of a true country getaway. Whether you're looking for a dedicated short-term rental, a weekend retreat that can generate income when you're away, or a long-term investment as your primary residence in the growing Dripping Springs area, this property offers a combination that's increasingly hard to find: acreage, privacy, character, convenience, and flexibility. All in the heart of the Texas Hill Country.

Financial Info
Price
$525,000
$ / Sqft
$364
HOA
None
Tax Rate
1.64%
Est. Taxes
$6,795
Tax Year
2025
Exemptions
None
Legal Info
Address
2591 Spring Valley DR
County
Hays
City
Dripping Springs
State
TX
Zip
78620
Subdivision
Springlake
Legal Description
SPRINGLAKE, BLOCK 147-A, ACRES 2.744, *REPLAT OF LOT 147*
Parcel
1180700000147004
Interior Features
Floor
Carpet, Tile, Vinyl, Wood
Num Living
1
Dining
1
Kitchen
Eat-in Kitchen
Appliances
Dishwasher, Microwave, Gas Oven, Free-Standing Gas Range, Stainless Steel Appliance(s), Gas Water Heater
Laundry
In Kitchen, Laundry Closet, Main Level
Master Bed
Double Vanity, Primary Bedroom on Main
Master Main
Yes
Fireplace Description
None
Interior Features
Ceiling Fan(s), Beamed Ceilings, High Ceilings, Double Vanity, Eat-in Kitchen, French Doors, No Interior Steps, Primary Bedroom on Main, Soaking Tub, Stackable W/D Connections, Washer Hookup, None
General Info
Beds
3 Total / 3 Main Level
Full / Half Baths
1 / 0
Prop Type
Residential
Property Type
Single Family Residence
Stories
1
Year Built
1983 / Resale
Square Feet
1,444 / Public Records
Garage Desc
Circular Driveway, Outside, RV Access/Parking, Storage
Foundation
Pillar/Post/Pier
Roof
Composition, Metal
Construction
Frame, Cement Siding, Wood Siding
Acres
2.74
Lot Description
Back Yard, Cul-De-Sac, Front Yard, Level, Native Plants, Private, Many Trees, Trees-Medium (20 Ft - 40 Ft), Views
Restrictions
None
Flood Plain
No
View
Creek/Stream, Hill Country, Panoramic, Trees/Woods
Water Access
No
Waterfront
No
Area
HD
Utility Info
Water
Public
Sewer
Septic Tank
Utilities
Electricity Connected, Internet-Cable, Phone Available, Propane, Sewer Connected, Water Connected
Heat
Central, Hot Water, Propane
A C
Central Air
Exterior Features
Fence
Electric, Fenced, Livestock, Partial
Exterior Features
Lighting, Private Yard, Covered, Front Porch, Patio, Rear Porch
Pool On Property
No
Area Amenities
None

Price history

Members only
Days on market
−$14,000 (−2.6%)
$539,000 → $525,000
1
Price reduction
Active
Since Aug 6, 2026
Price trend
List priceAug 2026Sep 2026
Property history2 events
DateEventPriceChange
Sep 10, 2026Price Decrease$525,000−$14,000 (−2.6%)
Aug 6, 2026New Listing

Taxes

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

Schools

School Info
District
Dripping Springs ISD
Elementary
Dripping Springs
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 $525,000
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

$3,659 / mo

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

Estimated monthly payment $3,659

Principal & interest
$2,655
Property taxes
$566
Homeowners insurance
$438

*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$420,000$4,694$27,162$415,306
2$415,306$5,009$26,847$410,297
3$410,297$5,344$26,512$404,952
4$404,952$5,702$26,154$399,250
5$399,250$6,084$25,772$393,166
6$393,166$6,492$25,365$386,675
7$386,675$6,926$24,930$379,748
8$379,748$7,390$24,466$372,358
9$372,358$7,885$23,971$364,473
10$364,473$8,413$23,443$356,060
  • Year 1$415,306
    Principal paid
    $4,694
    Interest paid
    $27,162
    Starting balance
    $420,000
  • Year 2$410,297
    Principal paid
    $5,009
    Interest paid
    $26,847
    Starting balance
    $415,306
  • Year 3$404,952
    Principal paid
    $5,344
    Interest paid
    $26,512
    Starting balance
    $410,297
  • Year 4$399,250
    Principal paid
    $5,702
    Interest paid
    $26,154
    Starting balance
    $404,952
  • Year 5$393,166
    Principal paid
    $6,084
    Interest paid
    $25,772
    Starting balance
    $399,250
  • Year 6$386,675
    Principal paid
    $6,492
    Interest paid
    $25,365
    Starting balance
    $393,166
  • Year 7$379,748
    Principal paid
    $6,926
    Interest paid
    $24,930
    Starting balance
    $386,675
  • Year 8$372,358
    Principal paid
    $7,390
    Interest paid
    $24,466
    Starting balance
    $379,748
  • Year 9$364,473
    Principal paid
    $7,885
    Interest paid
    $23,971
    Starting balance
    $372,358
  • Year 10$356,060
    Principal paid
    $8,413
    Interest paid
    $23,443
    Starting balance
    $364,473
First 10 of 30 years

Nearby

Courtesy of Magnolia Realty Austin Hill Co · (512) 771-4176

Listings courtesy of ACTRIS as distributed by MLS GRID.