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ActiveMLS #2737840

315 Hays ST, Dripping Springs TX 78620

Dripping Springs, TX 78620 · W T Chapman #3

Single Family Residence for sale in W T Chapman #3

4Bedrooms
3Bathrooms
1,933Square Ft
0.30Acres
2Garage
2008Year Built
1 / 40
$850,000
3D tour

Overview

Property Description

Located in the heart of downtown Dripping Springs, this beautifully crafted Tejas Heritage home offers a rare combination of timeless design, exceptional quality, and unbeatable walkability. Whether you're searching for a full-time residence, weekend getaway, or income-producing short-term rental, this property checks every box. Enjoy being just steps from Pig Pen BBQ, Rolling in Thyme & Dough, boutique shopping along Mercer Street, live music at Hudson's on Mercer, and only minutes from H-E-B, Home Depot, and all that Dripping Springs has to offer. Thoughtfully designed with aging-in-place principles, the home features ADA-friendly elements that provide comfort, accessibility, and long-term livability without sacrificing style. Built by the highly respected Tejas Heritage Homes, it showcases quality craftsmanship and thoughtful architectural details throughout. The inviting outdoor living spaces are perfect for entertaining, featuring covered front and back porches and a beautiful outdoor fireplace overlooking the private backyard. A detached upstairs apartment with its own private entrance, kitchenette, and full bathroom provides incredible flexibility for guests, multigenerational living, a home office, or additional rental income. Currently operating as a successful short-term rental, this property offers immediate investment potential while also presenting a unique opportunity for future commercial use. The property is currently working with the City of Dripping Springs toward potential commercial zoning, making it an excellent option for a boutique medical, dental, or professional office (buyer to independently verify zoning and permitted uses). Whether you're looking to invest, live, work, or enjoy the best of downtown Dripping Springs, opportunities like this are exceptionally rare. Main Home is 1657 square feet (3 BED I 2 Bath) and Garage Apartment is 576 square feet (1 Bed I 1 Bath)

Financial Info
Price
$850,000
$ / Sqft
$440
HOA
None
Tax Rate
1.86%
Est. Taxes
$10,667.59
Tax Year
2025
Exemptions
None
Legal Info
Address
315 Hays ST
County
Hays
City
Dripping Springs
State
TX
Zip
78620
Subdivision
W T Chapman #3
Legal Description
W T CHAPMAN #3 9-2210-18-09 LTS 1-2 & W PT OF 3,10,11,12 BLK 3 0.30 AC. GEO#90403774
Parcel
1114550300001004
Interior Features
Floor
Concrete
Num Living
1
Dining
1
Kitchen
Breakfast Bar, Pantry
Appliances
Built-In Electric Range, Microwave, Refrigerator, Washer/Dryer
Laundry
Main Level
Master Main
Yes
Fireplaces
1
Fireplace Description
Wood Burning
Interior Features
Breakfast Bar, Beamed Ceilings, Open Floorplan, Pantry, Recessed Lighting, None, Plantation Shutters, Screens
General Info
Beds
4 Total / 3 Main Level / 1 Other Level
Full / Half Baths
3 / 0
Prop Type
Residential
Property Type
Single Family Residence
Stories
1
Year Built
2008 / Resale
Square Feet
1,933 / Public Records
Garages
2
Garage Desc
Driveway, Garage
Foundation
Slab
Roof
Metal
Construction
None
Acres
0.30
Lot Description
City Lot, Sprinkler - In-ground
Restrictions
None
Flood Plain
No
View
City
Water Access
No
Waterfront
No
Area
HD
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Cable Connected, Electricity Connected, Internet-Cable, Phone Available, Sewer Connected, Water Connected
Heat
Central, Fireplace(s)
A C
Ceiling Fan(s), Central Air
Exterior Features
Fence
Full, Wood
Exterior Features
Basketball Court, Private Entrance, Covered, Front Porch, Patio, Rear Porch
Pool On Property
No
Area Amenities
None

Rooms

Rooms3 rooms

Main level

  • Living Room
  • Kitchen

Second level

  • Bonus Room

Price history

Members only
Days on market
$850,000
List price
0
Price reductions
Active
Since Jul 13, 2026
Property history1 event
DateEventPriceChange
Jul 27, 2026New Listing

Taxes

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

Schools

School Info
District
Dripping Springs ISD
Elementary
Walnut 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 $850,000
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

$5,895 / mo

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

Estimated monthly payment $5,895

Principal & interest
$4,298
Property taxes
$889
Homeowners insurance
$708

*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$680,000$7,601$43,976$672,399
2$672,399$8,110$43,467$664,290
3$664,290$8,653$42,924$655,637
4$655,637$9,232$42,345$646,405
5$646,405$9,850$41,726$636,555
6$636,555$10,510$41,067$626,044
7$626,044$11,214$40,363$614,830
8$614,830$11,965$39,612$602,865
9$602,865$12,766$38,810$590,099
10$590,099$13,621$37,955$576,478
  • Year 1$672,399
    Principal paid
    $7,601
    Interest paid
    $43,976
    Starting balance
    $680,000
  • Year 2$664,290
    Principal paid
    $8,110
    Interest paid
    $43,467
    Starting balance
    $672,399
  • Year 3$655,637
    Principal paid
    $8,653
    Interest paid
    $42,924
    Starting balance
    $664,290
  • Year 4$646,405
    Principal paid
    $9,232
    Interest paid
    $42,345
    Starting balance
    $655,637
  • Year 5$636,555
    Principal paid
    $9,850
    Interest paid
    $41,726
    Starting balance
    $646,405
  • Year 6$626,044
    Principal paid
    $10,510
    Interest paid
    $41,067
    Starting balance
    $636,555
  • Year 7$614,830
    Principal paid
    $11,214
    Interest paid
    $40,363
    Starting balance
    $626,044
  • Year 8$602,865
    Principal paid
    $11,965
    Interest paid
    $39,612
    Starting balance
    $614,830
  • Year 9$590,099
    Principal paid
    $12,766
    Interest paid
    $38,810
    Starting balance
    $602,865
  • Year 10$576,478
    Principal paid
    $13,621
    Interest paid
    $37,955
    Starting balance
    $590,099
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.