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$1,340,000

Beds
4
Baths
4.0
sq ft
3,848

281 Rightwater Preserve, Driftwood, TX 78619

281 Rightwater Preserve

Driftwood, TX 78619

  • 40 days on market
    • Price drop $10,000↓
    • Open house Apr 13
This stunning Hill Country home sits on 2.46 acres in Driftwood, offering private Onion Creek Ownership and sweeping views toward Wimberley. Situated at the end of a cul-de-sac in a small neighborhood, it borders a large private ranch for added privacy. A private gated entrance leads to a thoughtfully updated home with a new 2023 roof, fresh white interior paint, and refinished grey-navy cabinetry. Designer lighting enhances the main living areas, while large windows fill the single-level layout with natural light and scenic views. The foyer opens to a spacious great room with high ceilings, a wood-burning fireplace, and cedar-accented office beams in the office. The large kitchen has custom cabinetry, stainless steel appliances, granite countertops, a large island, and a pantry. The primary suite, set apart on one side of the home for privacy, features high tray ceilings, large windows, and an ensuite with double vanities, a soaking tub, a walk-in shower, and an oversized closet. The opposite wing includes three secondary bedrooms, three bathrooms, and a second living area ideal for a media room or playroom. A Jack-and-Jill bath has an exterior door leading to the pool for easy outdoor access. Designed for outdoor living, the back patio overlooks the horse paddock, while the heated pool and spa provide a fun place to splash under the string lights. Sunset views stretch across rolling hills, perfect for evening gatherings or stargazing in this dark sky community. Fully fenced and cross-fenced, the property includes space for two horses, a pole barn, and a chicken coop. Live oaks stretch across the horse paddock, with sunset views along the tree-lined cliffside. Conveniently located between Wimberley and Dripping Springs, the home offers country living with easy access to some of the Texas hill country's best shopping, dining, breweries and entertainment. Zoned for Dripping Springs ISD, including Dripping Springs Elementary in the fall.

Details

Property type

Single Family Residence

Est. home value

$1,565,236

Lot size

2.456 acres

Price per sq ft

$349

Year built

2007

Annual property taxes

$19,282.01

Monthly HOA fee

$8.33

Price History

04/02/2025
Austin

Austin #9672994

Price change
$1,340,000
-0.74%
02/27/2025
Austin

Austin #9672994

Listed
$1,350,000

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

$313,249
Asking price
$1,340,000
Closing costs (~8% of asking)
-$107,200
Est. remaining loan balance
-$919,551
Cash to seller
$313,249

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

Seller’s Loan History

Lender

Oaktree Funding Corp

Loan start date

September 2022

Original loan amount

$956,250

Est. remaining balance

$919,551

Interest rate

4.99%

Loan type

New Conventional, 30 year

Seller

Shane R Labelle and Susan Labelle

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 3:10 PM

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

Listed by: Lauren Clark, Magnolia Realty Austin Hill Co Phone #: (512) 771-4176

MLS: Austin #9672994

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