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ActiveMLS #3914411

531 Bishop Wood RD, Dripping Springs TX 78620

Dripping Springs, TX 78620 · Heritage

Single Family Residence for sale in Heritage

3Bedrooms
2 full / 1 halfBathrooms
1,950Square Ft
0.10Acres
2Garage
2026Year Built
Price Reduced
1 / 10
$359,990$379,990

Overview

Property Description

Step into the Somerset, a beautifully designed two-story home that blends open living spaces with private retreats. With 1,950 sq. ft., this plan offers 3 bedrooms, 2.5 baths, and a 2-car garage, making it perfect for modern lifestyles. The first floor welcomes you with an open-concept layout that maximizes space and natural light. A spacious Family Room (19'-0" x 17'-0") flows into the Dining Room (14'-0" x 13'-0"), creating the ideal setting for family meals or entertaining guests. At the heart of the home, the Kitchen features a central island and generous counter space—perfect for meal prep or casual gatherings. A convenient Powder Room and direct access to the 2-Car Garage complete the main level. Upstairs, the Somerset continues to impress with a luxurious Owner’s Suite (12'-0" x 16'-0") featuring a private bath with dual sinks, a walk-in shower, garden tub and a spacious walk-in closet. Two additional bedrooms—Bedroom 2 (12'-0" x 10'-0") and Bedroom 3 (12'-0" x 10'-0")—offer plenty of space for family or guests. A versatile Loft (11'-0" x 11'-0") provides room for a home office, play area, or cozy retreat, while the conveniently located Laundry Room adds everyday ease. The Somerset is more than a home—it's truly a lifestyle designed for comfort, flexibility, and style.

Financial Info
Price
$359,990
$ / Sqft
$185
HOA
Yes - Mandatory / $600 / Annually
HOA Name
Heritage
HOA Includes
Maintenance Grounds
Tax Rate
1.86%
Est. Taxes
$9,990
Tax Year
2026
Exemptions
None
Legal Info
Address
531 Bishop Wood RD
County
Hays
City
Dripping Springs
State
TX
Zip
78620
Subdivision
Heritage
Legal Description
HERITAGE DRIPPING SPRINGS BLOCK T, Lot 14
Parcel
R212006
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
Laundry Room, Upper Level
Master Bed
Walk-In Closet(s)
Master Main
No
Interior Features
Breakfast Bar, High Ceilings, Vaulted Ceiling(s), Electric Dryer Hookup, High Speed Internet, Interior Steps, Kitchen Island, Open Floorplan, Pantry, 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 Other Level
Full / Half Baths
2 / 1
Prop Type
Residential
Property Type
Single Family Residence
Stories
2
Year Built
2026 / New
Square Feet
1,950 / Builder
Garages
2
Garage Desc
Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Front
Foundation
Slab
Roof
Composition, Shingle
Construction
Brick, HardiPlank Type, Blown-In Insulation, Cement Siding, Stone
Acres
0.10
Lot Description
Back Yard, Close to Clubhouse, 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, Neighborhood
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
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

Second level

  • Primary Bathroom

    Dual Vanity

  • Primary Bedroom

    Walk-In Closet(s)

Price history

Days on market
−$20,000 (−5.3%)
$379,990 → $359,990
1
Price reduction
Active
Since Oct 29, 2026
Price trend
List priceOct 2026 → Nov 2026
Property history2 events
DateEventPriceChange
Nov 2, 2026Price Decrease$359,990−$20,000 (−5.3%)
Oct 29, 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 $359,990
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

$2,953 / mo

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

Estimated monthly payment $2,953

Principal & interest
$1,820
Property taxes
$833
Homeowners insurance
$300

*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$287,992$3,219$18,625$284,773
2$284,773$3,435$18,409$281,339
3$281,339$3,665$18,179$277,674
4$277,674$3,910$17,934$273,764
5$273,764$4,172$17,672$269,592
6$269,592$4,451$17,392$265,141
7$265,141$4,749$17,094$260,392
8$260,392$5,067$16,776$255,324
9$255,324$5,407$16,437$249,917
10$249,917$5,769$16,075$244,148
  • Year 1$284,773
    Principal paid
    $3,219
    Interest paid
    $18,625
    Starting balance
    $287,992
  • Year 2$281,339
    Principal paid
    $3,435
    Interest paid
    $18,409
    Starting balance
    $284,773
  • Year 3$277,674
    Principal paid
    $3,665
    Interest paid
    $18,179
    Starting balance
    $281,339
  • Year 4$273,764
    Principal paid
    $3,910
    Interest paid
    $17,934
    Starting balance
    $277,674
  • Year 5$269,592
    Principal paid
    $4,172
    Interest paid
    $17,672
    Starting balance
    $273,764
  • Year 6$265,141
    Principal paid
    $4,451
    Interest paid
    $17,392
    Starting balance
    $269,592
  • Year 7$260,392
    Principal paid
    $4,749
    Interest paid
    $17,094
    Starting balance
    $265,141
  • Year 8$255,324
    Principal paid
    $5,067
    Interest paid
    $16,776
    Starting balance
    $260,392
  • Year 9$249,917
    Principal paid
    $5,407
    Interest paid
    $16,437
    Starting balance
    $255,324
  • Year 10$244,148
    Principal paid
    $5,769
    Interest paid
    $16,075
    Starting balance
    $249,917
First 10 of 30 years

Nearby

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

Listings courtesy of ACTRIS as distributed by MLS GRID.