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
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
Main level
- Living Room
- Kitchen
Second level
- Bonus Room
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Jul 27, 2026 | New Listing | — |
Taxes
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
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.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal 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
Nearby
Courtesy of Magnolia Realty Austin Hill Co · (512) 771-4176
Listings courtesy of ACTRIS as distributed by MLS GRID.