5401 W Fitzhugh RD, Dripping Springs TX 78620

Dripping Springs, TX 78620 | Madrone Ranch & Ii-b

Ed's Opinion of Value

$522,879 Ed's Estimate: $671,561 $1,300,000
Lowest Comp Recommended List: $896,000 to $1,055,000 Highest Comp
Taking into account 7 nearby comparable sales, this property's estimated value comes to $671,561. If we were to list this property today, I'd recommend a list price in the $896,000 to $1,055,000 range. Buyers shopping in MADRONE RANCH & II-B right now would see this as a well positioned option among 4 comparable homes. Being built in 2015 (7 years newer than comps) is factored into the value estimate. Lot size matters here: 7.59 acres versus 2.42 for the typical comp. Current inventory shows 4 comparable homes in MADRONE RANCH & II-B; a buyer's market based on recent absorption. The 6 month price trend in 78620: fallen 6.2%. The best comp here is 700 Pioneer TRL, Dripping Springs TX 78620 at an adjusted value of $1,072,684, with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in MADRONE RANCH & II-B. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group
0 Beds
0 Baths
2,385 Sq Ft
7.593 Acres
2015 Built

About This Property

Rare Find! Sleeps 70+ guests. All buildings, amenities, and utilities installed new in 2015. With 10+ wedding venues nearby, there is an abundance of demand for hotel accommodations like this. Liney Moon was founded by Dripping Springs locals, Caroline and Stephen, when they invested in 7+ acres and built the most beautiful "hill-country industrial" stylized concept for wedding guests and visitors. The main house has 4 bedrooms and 4 full bathrooms with a total of 2,385 sf. 'The Triplets', as the three tiny houses are affectionately referred to, each have a full bathroom and kitchen. Caroline, Liney, didn't stop there. She completed the compound with ten small cabins, each like a hotel room, for a total of 14 units on the grounds. The cabins are set in a horseshoe shape around a common grill space; add an in-ground pool, outdoor chapel, and large covered patio to your party! Liney Moon is a space where people come to connect, relax, and sleep. There's room to build too! Found at the corner of West Fitzhugh and McGregor Road, Liney Moon is at the epicenter of fun in Dripping Springs. Jester King, Treaty Oak Distilling, Texas Hill Country Olive Co. and others are found on McGregor Road with Dreamland (mini-golf/concert venue/sport-court) around the corner on 290! Dripping Springs is host to established community, happy visitors, and some of the savviest business owners around. It is THE spot for growth in Central Texas. Get involved and watch your appreciation soar!

BOM - original buyer was a rehab facility with a consultant out of CA. No repairs or concessions were identified before sending notification that the buyer was no longer a fit. The property is clean and well cared for. Seller requests that interested buyers submit offers w/o contingencies for structural work to fulfill their short term vision. Private, residential use is possible here too!

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Location

Property Details

Property Type Commercial Sale
Flooring Concrete, Vinyl
Cooling Central Air, Ductless
Heating Central, Ductless
County Hays
MLS # 7807943

Listing History

MLS# 7807943 64 days
Mar 22, 2022 Off Market
Sep 8, 2021 Listed $2,720,000

Frequently Asked Questions About 5401 W Fitzhugh RD, Dripping Springs TX 78620

When was 5401 W Fitzhugh RD, Dripping Springs TX 78620 built?

5401 W Fitzhugh RD, Dripping Springs TX 78620 was built in 2015.

How much does 5401 W Fitzhugh RD, Dripping Springs TX 78620 cost?

5401 W Fitzhugh RD, Dripping Springs TX 78620 sold on March 22, 2022. Contact us for sale price details.

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