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507 Bishop Wood Rd 1774347Edit search
ActiveMLS #1774347

507 Bishop Wood RD, Dripping Springs TX 78620

Dripping Springs, TX 78620 · Heritage

Single Family Residence for sale in Heritage

3Bedrooms
0Bathrooms
1,403Square Ft
0.12Acres
2Garage
2026Year Built
Price Reduced
1 / 9
$349,990$366,990

Overview

Property Description

Step into the Oakwood, a beautifully crafted single-story home that combines convenience and style in 1,444 sq. ft. of living space. With 3 bedrooms, 2 baths, and a 2-car garage, this plan is perfect for those who love the ease of one-level living. The open-concept layout begins with a welcoming Family Room (13'-0" x 16'-0") that flows into the Dining Room (11'-0" x 8'-0"), creating an inviting space for family meals or entertaining guests. At the heart of the home, the Kitchen features a central island and plenty of counter space for cooking and casual dining. A convenient Laundry Room is located near the garage entry for everyday functionality. The Owner’s Suite (16'-0" x 12'-0") offers a private retreat with a spacious walk-in closet and a luxurious bath featuring optional dual sinks, a spacious shower and a separate garden tub to relax in. Two additional bedrooms—Bedroom 2 (10'-0" x 10'-0") and Bedroom 3 (10'-0" x 10'-0")—share a full bath, making them ideal for family, guests, or a home office.

Financial Info
Price
$349,990
$ / Sqft
$249
HOA
Yes - Mandatory / $600 / Annually
HOA Name
Heritage
HOA Includes
Maintenance Grounds
Tax Rate
1.86%
Est. Taxes
$9,514
Tax Year
2026
Exemptions
None
Legal Info
Address
507 Bishop Wood RD
County
Hays
City
Dripping Springs
State
TX
Zip
78620
Subdivision
Heritage
Legal Description
HERITAGE DRIPPING SPRINGS BLOCK T, Lot 17
Parcel
R212009
Interior Features
Floor
Carpet, Tile, Vinyl
Num Living
1
Dining
1
Kitchen
Breakfast Bar, Kitchen Island, Pantry
Appliances
Built-In Oven(s), Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Exhaust Fan, Gas Range, Microwave, Gas Oven, Self Cleaning Oven, Stainless Steel Appliance(s), Vented Exhaust Fan, Gas Water Heater, Tankless Water Heater
Laundry
In Hall, Laundry Room
Master Bed
Double Vanity, Primary Bedroom on Main, Walk-In Closet(s)
Master Main
Yes
Interior Features
Breakfast Bar, Ceiling Fan(s), High Ceilings, Vaulted Ceiling(s), Double Vanity, Electric Dryer Hookup, High Speed Internet, Interior Steps, Kitchen Island, Low Flow Plumbing Fixtures, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Smart Thermostat, Soaking Tub, Walk-In Closet(s), Wired for Data, Wired for Sound, Carbon Monoxide Detector(s), Prewired, Security System, Smoke Detector(s), Blinds, Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, Low Emissivity Windows, Screens, Vinyl Windows
General Info
Beds
3 Total / 3 Main Level
Full / Half Baths
0 / 0
Prop Type
Residential
Property Type
Single Family Residence
Stories
1
Year Built
2026 / New
Square Feet
1,403 / Builder
Garages
2
Garage Desc
Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Front
Foundation
Slab
Roof
Composition, Shingle
Construction
Brick, Blown-In Insulation, Cement Siding, Stone
Acres
0.12
Lot Description
Back Yard, Close to Clubhouse, Corner Lot, Front Yard, Landscaped, Sprinkler - Automatic, Sprinkler - Back Yard, Sprinklers In Front, Sprinkler - In-ground, Sprinkler - Rain Sensor, Sprinkler - Side Yard, Trees-Small (Under 20 Ft), Views
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, Sewer Available, Underground Utilities, Water Available
Heat
Central, ENERGY STAR Qualified Equipment, Natural Gas, Zoned
A C
Central Air, Dual, Electric, ENERGY STAR Qualified Equipment, Zoned
Exterior Features
Fence
Back Yard, Fenced, Full, Gate, Privacy, Wood
Exterior Features
Lighting, No Exterior Steps, Pest Tubes in Walls, Private Yard, Covered, Rear Porch
Pool On Property
No
Area Amenities
Cluster Mailbox, Common Grounds, Dog Park, High Speed Internet, Park, Picnic Area, Playground, Pool, Sidewalks, Street Lights, Suburban, Underground Utilities

Rooms

Rooms3 rooms

Main level

  • Kitchen

    Pantry

  • Primary Bedroom

    Walk-In Closet(s)

  • Primary Bathroom

    Dual Vanity

Price history

Members only
Days on market
−$17,000 (−4.6%)
$366,990 → $349,990
1
Price reduction
Active
Since Sep 17, 2026
Price trend
List priceSep 2026 → Sep 2026
Property history2 events
DateEventPriceChange
Sep 22, 2026Price Decrease$349,990−$17,000 (−4.6%)
Sep 17, 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 $349,990
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

$2,855 / mo

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

Estimated monthly payment $2,855

Principal & interest
$1,770
Property taxes
$793
Homeowners insurance
$292

*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$279,992$3,130$18,107$276,862
2$276,862$3,339$17,898$273,523
3$273,523$3,563$17,674$269,961
4$269,961$3,801$17,436$266,159
5$266,159$4,056$17,181$262,103
6$262,103$4,328$16,909$257,776
7$257,776$4,617$16,619$253,158
8$253,158$4,927$16,310$248,232
9$248,232$5,257$15,980$242,975
10$242,975$5,609$15,628$237,366
  • Year 1$276,862
    Principal paid
    $3,130
    Interest paid
    $18,107
    Starting balance
    $279,992
  • Year 2$273,523
    Principal paid
    $3,339
    Interest paid
    $17,898
    Starting balance
    $276,862
  • Year 3$269,961
    Principal paid
    $3,563
    Interest paid
    $17,674
    Starting balance
    $273,523
  • Year 4$266,159
    Principal paid
    $3,801
    Interest paid
    $17,436
    Starting balance
    $269,961
  • Year 5$262,103
    Principal paid
    $4,056
    Interest paid
    $17,181
    Starting balance
    $266,159
  • Year 6$257,776
    Principal paid
    $4,328
    Interest paid
    $16,909
    Starting balance
    $262,103
  • Year 7$253,158
    Principal paid
    $4,617
    Interest paid
    $16,619
    Starting balance
    $257,776
  • Year 8$248,232
    Principal paid
    $4,927
    Interest paid
    $16,310
    Starting balance
    $253,158
  • Year 9$242,975
    Principal paid
    $5,257
    Interest paid
    $15,980
    Starting balance
    $248,232
  • Year 10$237,366
    Principal paid
    $5,609
    Interest paid
    $15,628
    Starting balance
    $242,975
First 10 of 30 years

Nearby

Courtesy of M/I Homes Realty · (512) 241-0848

Listings courtesy of ACTRIS as distributed by MLS GRID.