Pending

$499,000

702 Cottonwood Creek Dr, Dripping Springs, TX 78620

2beds

2,108sqft

$3,503/mo

Get pre-qualified

Single Family Residence

Built in 1962

1.87 Acres Lot

$-- Zestimate^®

$237/sqft

$-- HOA

What's special

Original stone fireplaceExpansive windowsSeasonal swimming holePeaceful viewsExceptional privacyCathedral ceilings

Charming fixer-upper with endless Hill Country potential! This original Sunset Canyon ranch home sits on a stunning 1.866-acre lot shaded by majestic oak trees and backing directly to Cottonwood Creek. Enjoy peaceful views, exceptional privacy, and a seasonal swimming hole with an old rock/concrete dam that adds to the property’s unique character. Inside, cathedral ceilings, expansive windows, a loft, and the original stone fireplace create a warm and welcoming atmosphere filled with natural light. A detached building with a kitchen, bedroom, and bathrooms offers excellent potential for a guest casita, studio, or private retreat. A rare opportunity to create something truly special in a beautiful natural setting. Be sure to follow the path down to the creek at the back of the property.

172 days
285
24

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 1

Heating

Central, Propane

Cooling

Central Air, Electric

Appliances

Included: Oven, Electric Oven, Free-Standing Electric Oven

Features

Ceiling Fan(s), Beamed Ceilings, Cathedral Ceiling(s), High Ceilings, Vaulted Ceiling(s), Chandelier, Laminate Counters, Double Vanity, Electric Dryer Hookup, French Doors, Interior Steps, Primary Bedroom on Main, Soaking Tub
Flooring: Concrete, Linoleum, Tile
Windows: Aluminum Frames
Number of fireplaces: 1
Fireplace features: Living Room, Masonry, Raised Hearth, Stone

Interior area

Total interior livable area: 2,108 sqft

Property

Parking

Parking features: Aggregate, Asphalt

Accessibility

Accessibility features: None

Features

Levels: One and One Half
Stories: 1
Patio & porch: Covered, Front Porch, Porch, Rear Porch, Side Porch
Exterior features: Private Yard
Pool features: None
Fencing: Back Yard, Front Yard, Wire, Wood
Has view: Yes
View description: Hill Country, Trees/Woods
Waterfront features: Creek, Dry/Seasonal

Lot

Size: 1.87 Acres
Features: Back Yard, Bluff, Front Yard, Gentle Sloping, Interior Lot, Private, Public Maintained Road, Trees-Medium (20 Ft - 40 Ft), Xeriscape

Details

Additional structures: Guest House, Workshop
Parcel number: 1185250000745004
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Foundation: Slab
Roof: Composition, Metal, Shingle

Condition

Resale
New construction: No
Year built: 1962

Utilities & green energy

Sewer: Septic Tank
Water: Well
Utilities for property: Electricity Connected, Propane, Sewer Connected, Water Connected

Community & HOA

Community

Features: None
Subdivision: Sunset Canyon Sec 4

HOA

Has HOA: No

Location

Region: Dripping Springs

Financial & listing details

Price per square foot: $237/sqft
Tax assessed value: $502,550
Annual tax amount: $8,218
Date on market: 3/9/2026
Listing terms: Cash,Conventional
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/25/2026	Pending sale	$499,000$237/sqft
Source: Unlock MLS #4550938 Report a problem
8/6/2026	Contingent	$499,000$237/sqft
Source: Unlock MLS #4550938 Report a problem
5/18/2026	Price change	$499,000-3.1%$237/sqft
Source: Unlock MLS #4550938 Report a problem
3/9/2026	Listed for sale	$515,000$244/sqft
Source: Unlock MLS #4550938 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$502,550 +86.4%
2024	$746 +9.5%	$269,614 +10%
2023	$681 -52.5%	$245,104 +10%
2022	$1,435 -0.4%	$222,822
2021	$1,442	--
2020	--	$187,586 +10%
2019	$1,425 +2.3%	$170,533 +10%
2018	$1,393 +0.1%	$155,030 +1.2%
2017	$1,391 +0.3%	$153,140 -2%
2016	$1,387 -4%	$156,260 +8%
2015	$1,444	$144,738 +10%
2014	$1,444	$131,580 +3.2%
2013	--	$127,530
2012	--	$127,530
2011	--	$127,530
2010	--	$127,530 -1.3%
2009	--	$129,210 +13.7%
2007	--	$113,680 +5.5%
2006	--	$107,800 +9.4%
2005	--	$98,550 +5.6%
2004	--	$93,300 -4.5%
2003	--	$97,700 +9.4%
2002	--	$89,300 +2.2%
2001	--	$87,370 +2%
2000	--	$85,680