501 Myers Creek RD, Dripping Springs TX 78620
Dripping Springs, TX 78620 · Bell Spgs Ranches
Single Family Residence for sale in Bell Spgs Ranches
Overview
Property Description
24.83 acres of ag exempt beautiful pastures right in the heart of Dripping Springs and the Lone Star State's beloved Texas Hill Country. Completely renovated homestead with 4 bedrooms, 3 bathrooms, a wood burning fireplace, stainless steel appliances, and wood floors throughout. Owner is willing to subdue and sell the 12 acre vacant lot as well. Live in the house while you build your dream home or purchase as an investment. Ideally located on a quiet and private road, a few minutes from the highly desirable West Fitzhugh & Bell Springs Road. Beautiful pasture views, flat lot and mature trees. Great for horses. Minimal restrictions. Residential only. Completely fenced. Dripping Springs ISD. Very low tax rates due to ag exemption. 4 Minutes to Texas Hill Country Olive Company & 12 Fox Beer Company. 14 minutes to Mercer Street in Downtown Dripping. 24 Minutes to Hill Country Galleria. Currently leased through June 2027.
Financial Info
- Price
- $1,390,000
- $ / Sqft
- $621
- HOA
- Yes - Mandatory / $250 / Annually
- HOA Name
- Bell Springs Ranches
- HOA Includes
- Common Area Maintenance
- Tax Rate
- 1.9605%
- Est. Taxes
- $6,192.31
- Tax Year
- 2024
- Exemptions
- Agricultural
Legal Info
- Address
- 501 Myers Creek RD
- County
- Hays
- City
- Dripping Springs
- State
- TX
- Zip
- 78620
- Subdivision
- Bell Spgs Ranches
- Legal Description
- AKA BELL SPRINGS RANCHES LOT PT OF 3 2.01 AC GEO#90407001(AB 291 J LYNN) & BELL SPRINGS RANCHES LOT PT OF 3 22.82 AC AKA ABS 291 JAMES LYNN SURVEY
- Parcel
- 1103300000003014
Interior Features
- Floor
- Tile, Wood
- Num Living
- 1
- Dining
- 1
- Kitchen
- Pantry
- Appliances
- Dishwasher, Disposal, Free-Standing Electric Range
- Laundry
- Inside, Laundry Closet, Main Level
- Master Bed
- Primary Bedroom on Main, Walk-In Closet(s)
- Master Main
- Yes
- Fireplaces
- 1
- Fireplace Description
- Living Room, Wood Burning
- Interior Features
- Ceiling Fan(s), Quartz Counters, Electric Dryer Hookup, Pantry, Primary Bedroom on Main, Walk-In Closet(s), Washer Hookup, Smoke Detector(s), None
General Info
- Beds
- 4 Total / 4 Main Level
- Full / Half Baths
- 3 / 0
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 1
- Year Built
- 1983 / Updated/Remodeled
- Square Feet
- 2,240 / Public Records
- Garage Desc
- Detached, Garage, Open
- Foundation
- Slab
- Roof
- Metal
- Construction
- Wood Siding
- Acres
- 24.83
- Lot Description
- Agricultural, Trees-Large (Over 40 Ft)
- Restrictions
- Deed Restrictions
- Flood Plain
- No
- View
- Hill Country, Pasture, Trees/Woods
- Water Access
- No
- Waterfront
- No
- Area
- HD
Utility Info
- Water
- Well
- Sewer
- Septic Tank
- Utilities
- Electricity Available, Water Available
- Heat
- Central, Fireplace(s), Wood
- A C
- Central Air, Electric
Exterior Features
- Fence
- Wire
- Exterior Features
- None, Covered, Front Porch
- Pool On Property
- No
- Area Amenities
- None
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Sep 28, 2026 | Price Decrease | $1,390,000−$175,000 (−11.2%) | −$175,000 (−11.2%) |
| Aug 28, 2026 | New Listing | — |
Taxes
- Owner
- MYERS CREEK LLC
- Legal
- BELL SPRINGS RANCHES LOT PT OF 3 2.01 AC GEO#90407001 AKA AB 29 JAMES LYNN SURVEY
- Geo ID
- 1103300000003014
- Acreage
- 2.01
- Exemption Type
- None on record
- Detail
- Not provided by this county source
- MLS estimated annual taxes
- $6,192.31
- MLS tax year
- 2024
| Year | Land | Improvements | Market | Assessed |
|---|---|---|---|---|
| 2026 | $95,690 | $295,380 | $391,070 | $391,070 |
Source: Hays County
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
$8,703 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $8,703
- Principal & interest
- $7,029
- Property taxes
- $516
- Homeowners insurance
- $1,158
*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 | $1,112,000 | $12,429 | $71,914 | $1,099,571 | |
| 2 | $1,099,571 | $13,262 | $71,082 | $1,086,309 | |
| 3 | $1,086,309 | $14,150 | $70,194 | $1,072,160 | |
| 4 | $1,072,160 | $15,097 | $69,246 | $1,057,062 | |
| 5 | $1,057,062 | $16,108 | $68,235 | $1,040,954 | |
| 6 | $1,040,954 | $17,187 | $67,156 | $1,023,767 | |
| 7 | $1,023,767 | $18,338 | $66,005 | $1,005,429 | |
| 8 | $1,005,429 | $19,566 | $64,777 | $985,862 | |
| 9 | $985,862 | $20,877 | $63,466 | $964,985 | |
| 10 | $964,985 | $22,275 | $62,068 | $942,711 |
- Year 1$1,099,571
- Principal paid
- $12,429
- Interest paid
- $71,914
- Starting balance
- $1,112,000
- Year 2$1,086,309
- Principal paid
- $13,262
- Interest paid
- $71,082
- Starting balance
- $1,099,571
- Year 3$1,072,160
- Principal paid
- $14,150
- Interest paid
- $70,194
- Starting balance
- $1,086,309
- Year 4$1,057,062
- Principal paid
- $15,097
- Interest paid
- $69,246
- Starting balance
- $1,072,160
- Year 5$1,040,954
- Principal paid
- $16,108
- Interest paid
- $68,235
- Starting balance
- $1,057,062
- Year 6$1,023,767
- Principal paid
- $17,187
- Interest paid
- $67,156
- Starting balance
- $1,040,954
- Year 7$1,005,429
- Principal paid
- $18,338
- Interest paid
- $66,005
- Starting balance
- $1,023,767
- Year 8$985,862
- Principal paid
- $19,566
- Interest paid
- $64,777
- Starting balance
- $1,005,429
- Year 9$964,985
- Principal paid
- $20,877
- Interest paid
- $63,466
- Starting balance
- $985,862
- Year 10$942,711
- Principal paid
- $22,275
- Interest paid
- $62,068
- Starting balance
- $964,985
Nearby
Courtesy of Wilemon Real Estate · (512) 636-3116
Listings courtesy of ACTRIS as distributed by MLS GRID.