204 E Lakeshore DR, Dripping Springs TX 78620

Dripping Springs, TX 78620 | River Oaks Ranch | Built by Franklin Homes

Why It May Not Have Sold

The following is speculative analysis based on publicly available market data. There are many reasons a home may not sell that aren't reflected in MLS data, including personal circumstances, property condition, title issues, or simply a change of plans. This analysis looks only at market positioning factors.

$448,701 Ed's Estimate: $926,333 $926,333
Lowest Comp Recommended List: $908,000 to $945,000 Highest Comp

Listing History

$1,150,000 List Price
$532,136 Comp Value
0 Price Reductions

This property was listed at $1,150,000 and withdrawn after 93 days on market. This listing activity factors into the valuation.

This home was listed at $1,150,000 and was on the market for 93 days before being withdrawn. Based on comparable sales, the market data suggests a value closer to $926,333. Here are some factors that may have played a role: At $746/sqft, the asking price appears to have been significantly above the neighborhood average of $244/sqft. That gap that can deter buyer interest. After 93 days on market, buyer interest typically drops, and listings can become "stale" in buyer perception. At $746/sqft, the asking price was 206% above the area median, though there may have been upgrades or features not captured in the data. At 5 years older than typical comps, the 1995 build date influences the valuation. The larger lot (15.15 acres versus the area average of 2.88) contributes to the valuation. The comp data here (7 sales in RIVER OAKS RANCH) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus
3 Beds
2 Baths 2 Full
1,541 Sq Ft
15.149 Acres
1995 Built
2 Garage

About This Property

Welcome to a great find in the heart of Dripping Springs - 15 acres with wildlife exemption in place and a charming 3 bed / 2 bath farmhouse, ready for your big dreams of country living in the heart of the Texas Hill Country. Once a fully functioning family-farm, this special spot is ready for new owners with convenient location just 15 minutes to Bee Cave, Hill Country Galleria, and downtown Dripping Springs, situated off the north end of Bell Springs Road. This premier location offers the perfect combination of remote privacy with the ease of access to all your favorite shops nearby. The perimeter of the 15 acres is fully fenced, ready for your animals, with several cross fencing in place, suitable for horses, exotics, chickens, cows, and more. There are several garden areas, outbuildings, and animal shelters already in place. The farmhouse is being sold as is and was recently remodeled with new paint, kitchen counters and flooring in the bedrooms. The house consists of 3 bedrooms and 2 bathrooms, with a living room with beamed ceilings and wood-burning fireplace, along with a kitchen and attached breakfast room. There is also a mud room with wash basin, washer/dryer hook ups, and even a screened in front wrap porch and detached 2-car garage. Construction of a second home is allowed and there are several suitable sites on the 15-acre tract with light restrictions - property can not be subdivided. Come explore what your very own private 15-acres can feel like in the heart of Dripping Springs, complete with beautiful oak trees, starry night skies, and tranquil privacy. Highly acclaimed DSISD schools, zoned to DSE and DSMS.

Features

  • Breakfast Bar
  • Beamed Ceilings
  • Vaulted Ceiling(s)
  • No Interior Steps
  • Primary Bedroom on Main
  • Walk-In Closet(s)

Location

Schools

Property Details

Property Type Residential
Flooring Tile, Vinyl, Wood
Cooling Central Air
Heating Central, Electric
Exterior Exterior Steps, Private Yard
County Hays
MLS # 5306679
Garage 2 spaces

HOA & Community

HOA Includes See Remarks

Tax Information

Annual Taxes (MLS) $6,580 (2025)

Listing History

MLS# 6393046 15 days
Jul 20, 2026 Price Change $3,500
Jul 5, 2026 Listed $4,000

Frequently Asked Questions About 204 E Lakeshore DR, Dripping Springs TX 78620

When was 204 E Lakeshore DR, Dripping Springs TX 78620 built?

204 E Lakeshore DR, Dripping Springs TX 78620 was built in 1995.

How much does 204 E Lakeshore DR, Dripping Springs TX 78620 cost?

204 E Lakeshore DR, Dripping Springs TX 78620 is currently off market.

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