ActiveMLS #3119987
278 Crater Lake DR, Dripping Springs TX 78620
Dripping Springs, TX 78620 · Cannon Ranch
Single Family Residence for sale in Cannon Ranch
$515,640
$504,820
5Bedrooms
3Bathrooms
2,295Square Ft
0.18Acres
2Garage
2026Year Built
Price Reduced
1 / 40$504,820$515,640
Overview
Property Description
Meet the Colton! This thoughtfully designed 5-bedroom, 3-bath home features a spacious kitchen, open living areas, and room for everyone. Nestled on an oversized homesite at the edge of a cul-de-sac, you'll enjoy extra space, added privacy, and a location that's hard to beat.
Financial Info
- Price
- $504,820
- $ / Sqft
- $220
- HOA
- Yes - Mandatory / $43 / Monthly
- HOA Name
- Cannon Ranch
- HOA Includes
- Common Area Maintenance
- Tax Rate
- 1.68%
- Est. Taxes
- $782
- Tax Year
- 2025
- Exemptions
- None
Legal Info
- Address
- 278 Crater Lake DR
- County
- Hays
- City
- Dripping Springs
- State
- TX
- Zip
- 78620
- Subdivision
- Cannon Ranch
- Legal Description
- CANNON RANCH PHASE 2, BLOCK 7, LOT 22, 6000 SQUARE FEET
- Parcel
- 1112030007000224
Interior Features
- Floor
- Carpet, Tile, Vinyl
- Num Living
- 1
- Dining
- 1
- Kitchen
- Kitchen Island
- Appliances
- Built-In Oven(s), Built-In Range, Dishwasher, Disposal, Exhaust Fan, Gas Range, Microwave
- Laundry
- Laundry Room
- Master Bed
- Double Vanity, Primary Bedroom on Main
- Master Main
- Yes
- Interior Features
- Ceiling Fan(s), High Ceilings, Double Vanity, Electric Dryer Hookup, Kitchen Island, Primary Bedroom on Main, Recessed Lighting, Washer Hookup, Smoke Detector(s), None
General Info
- Beds
- 5 Total / 1 Main Level / 4 Other Level
- Full / Half Baths
- 3 / 0
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 2
- Year Built
- 2026 / New
- Square Feet
- 2,295 / Builder
- Garages
- 2
- Garage Desc
- Attached, Garage, Garage Faces Front
- Foundation
- Slab
- Roof
- Composition
- Construction
- HardiPlank Type, Masonry – Partial
- Acres
- 0.18
- Lot Description
- Cul-De-Sac, Sprinkler - Automatic, Sprinkler - Back Yard, Sprinklers In Front, Sprinkler - Side Yard
- Restrictions
- Deed Restrictions
- Flood Plain
- No
- View
- Hill Country
- 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
- A C
- Ceiling Fan(s), 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
- Cluster Mailbox, Playground
Rooms
Rooms3 rooms
Main level
- Kitchen
Kitchn - Breakfast Area, Center Island
Upper level
- Primary Bathroom
Dual Vanity, Full Bath, Garden Tub, Walk-In Closet(s), Walk-in Shower
- Primary Bedroom
Dual Vanity
Price history
Members only
Days on market
−$10,820 (−2.1%)
$515,640 → $504,820
1
Price reduction
Active
Since Jun 29, 2026
Price trend
List priceJun 2026 → Aug 2026
Property history2 events
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 26, 2026 | Price Decrease | $504,820−$10,820 (−2.1%) | −$10,820 (−2.1%) |
| Jun 29, 2026 | New Listing | — |
Taxes
General Information
- Owner
- ASHTON AUSTIN RESIDENTIAL LLC
- Legal
- CANNON RANCH PHASE 2, BLOCK 7, Lot 22, 6000 SQUARE FEET
- Geo ID
- 1112030007000224
Exemptions
- Exemption Type
- INV
Taxing Units
- Detail
- Not provided by this county source
Tax Summary
- MLS estimated annual taxes
- $782
- MLS tax year
- 2025
Appraisal Values
| Year | Land | Improvements | Market | Assessed |
|---|---|---|---|---|
| 2026 | $63,720 | $0 | $63,720 | $63,720 |
Disclaimer: Tax data provided by Hays Central Appraisal District (2026 Hays CAD PropertyDataExport 2026-08-26).
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 $504,820
Down paymentStays 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
$3,039 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $3,039
- Principal & interest
- $2,553
- Property taxes
- $65
- Homeowners insurance
- $421
*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 | $403,856 | $4,514 | $26,118 | $399,342 | |
| 2 | $399,342 | $4,816 | $25,815 | $394,526 | |
| 3 | $394,526 | $5,139 | $25,493 | $389,387 | |
| 4 | $389,387 | $5,483 | $25,149 | $383,904 | |
| 5 | $383,904 | $5,850 | $24,781 | $378,054 | |
| 6 | $378,054 | $6,242 | $24,390 | $371,812 | |
| 7 | $371,812 | $6,660 | $23,972 | $365,151 | |
| 8 | $365,151 | $7,106 | $23,526 | $358,045 | |
| 9 | $358,045 | $7,582 | $23,050 | $350,463 | |
| 10 | $350,463 | $8,090 | $22,542 | $342,373 |
- Year 1$399,342
- Principal paid
- $4,514
- Interest paid
- $26,118
- Starting balance
- $403,856
- Year 2$394,526
- Principal paid
- $4,816
- Interest paid
- $25,815
- Starting balance
- $399,342
- Year 3$389,387
- Principal paid
- $5,139
- Interest paid
- $25,493
- Starting balance
- $394,526
- Year 4$383,904
- Principal paid
- $5,483
- Interest paid
- $25,149
- Starting balance
- $389,387
- Year 5$378,054
- Principal paid
- $5,850
- Interest paid
- $24,781
- Starting balance
- $383,904
- Year 6$371,812
- Principal paid
- $6,242
- Interest paid
- $24,390
- Starting balance
- $378,054
- Year 7$365,151
- Principal paid
- $6,660
- Interest paid
- $23,972
- Starting balance
- $371,812
- Year 8$358,045
- Principal paid
- $7,106
- Interest paid
- $23,526
- Starting balance
- $365,151
- Year 9$350,463
- Principal paid
- $7,582
- Interest paid
- $23,050
- Starting balance
- $358,045
- Year 10$342,373
- Principal paid
- $8,090
- Interest paid
- $22,542
- Starting balance
- $350,463
First 10 of 30 years
Nearby
Courtesy of ERA Experts · (512) 270-4765
Listings courtesy of ACTRIS as distributed by MLS GRID.