tomo logo

$4,200,000

Beds
9
Baths
8.0
sq ft
3,420

118 Spring Cv, Dripping Springs, TX 78620

118 Spring Cv

Dripping Springs, TX 78620

  • 2 days on market
A 2025 VRBO Property of the Year Winner! Extremely successful ACTIVE STR. Guests on site. Do not enter property grounds unless showing time is approved. Stunning renovated property. Perfect for a vacation home, short term rental investment or to live in full time! This private oasis is tucked away but still close to wineries, breweries, distilleries and much more. It has undergone a full extensive renovation bringing it to a 9 bedroom (5 ensuites), 7 full bath property sleeping 20 with a heated pool, hot tub and spectacular game room/guest quarters/man cave on 5 acres. ALL furnishings will be included in the sale of the property making it move in ready for your enjoyment or a turn key investment.

Details

Property type

Est. home value

$847,585

Property condition

Updated/Remodeled

Lot size

5.0 acres

Price per sq ft

$1,229

Year built

1984

Annual property taxes

$13,329.95

HOA

No

Price History

04/05/2025
Austin

Austin #6886850

Listed
$4,200,000

Schools & Community

Elementary school: 

Dripping Springs

Middle school: 

Dripping Springs Middle

High school: 

Dripping Springs

Community features: 

None

High school district: 

Dripping Springs ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$2,186,583
Asking price
$4,200,000
Closing costs (~8% of asking)
-$336,000
Est. remaining loan balance
-$1,677,417
Cash to seller
$2,186,583

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Angel Oak Home Loans Llc

Loan start date

November 2022

Original loan amount

$1,726,300

Est. remaining balance

$1,677,417

Interest rate

6.29%

Loan type

New Conventional, 30 year

Seller

Stone Oak Capital Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/08/2025 at 6:25 AM

Listing updated: 04/06/2025 at 4:07 AM

Listed by: Jessica Bachus, 1st Brokerage Phone #: (210) 201-6250

MLS: Austin #6886850

Austin logo

Recently listed in Dripping Springs

Explore top cities in Texas