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  • Price cut: $50K (5/28)
    $1,239,000

    931 Sycamore Creek Dr, Dripping Springs, TX 78620

    10beds
    9baths
    1,904sqft
    : 
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    Triplex
    Built in 2000
    -- sqft lot
    $-- Zestimate®
    $651/sqft
    $-- HOA

    What's special

    Modern amenitiesFour charming cabinsPrivate porchesWelcoming outdoor areasComfortable furnishingsAbundant spaceMature trees
    Discover an unparalleled investment opportunity nestled in the picturesque heart of Dripping Springs, Texas, offering an exquisite income-producing retreat. This expansive property features a unique collection of eight distinct units, providing a rare chance to own a fully operational short-term rental compound. Guests are invited to immerse themselves in the breathtaking panoramic vistas of the Texas Hill Country, experiencing tranquility and natural beauty. The estate comprises four charming cabins, three stylish tiny homes, and a spacious three-bedroom, two-bathroom manufactured home ideally situated at the property's entrance. This arrangement offers flexibility for an on-site owner, a dedicated property manager, or as an additional source of rental income. Each rental unit is meticulously designed, boasting modern amenities, comfortable furnishings, and welcoming outdoor areas, perfect for unwinding and enjoying the serene landscape. Guests can savor peaceful mornings on private porches and witness unforgettable sunset views, ensuring an authentic Texas escape with every stay. The thoughtful layout ensures both privacy and versatility, catering to individual rentals, group gatherings, weddings, or special events. With abundant space, mature trees, and potential for further expansion, this property effortlessly merges a desirable lifestyle with a robust investment. Located just a short drive to Pedernales Falls, and mere minutes from renowned wineries, breweries, and popular wedding venues. 931 Sycamore offers convenient access to all the attractions Dripping Springs has to offer, while retaining a secluded, true getaway ambiance. This turnkey opportunity in one of Central Texas’ most coveted destinations promises significant income, undeniable charm, and boundless possibilities, whether expanding an investment portfolio or creating a personal Hill Country haven.
    117 days
    |
    206
    |
    12
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Terry Swets (512) 864-5657,

    Berkshire Hathaway TX Realty (512) 864-5657

    Source: Unlock MLS,MLS#: 7499560MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 9
      Rooms
      • Room types: Primary Bedroom, Bedroom, Primary Bathroom, Bathroom
      Heating
      • Central, Ductless
      Cooling
      • Ceiling Fan(s), Central Air, Ductless
      Appliances
      • Included: Dishwasher, Microwave, Free-Standing Range
      Features
      • Ceiling Fan(s), Vaulted Ceiling(s), Multiple Dining Areas, Multiple Living Areas, Primary Bedroom on Main
      • Flooring: Laminate
      • Windows: Blinds
      • Number of fireplaces: 1
      • Fireplace features: Living Room
      Interior area
      • Total interior livable area: 1,904 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Outside
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Deck
      • Exterior features: None
      • Pool features: None
      • Fencing: Chain Link, Partial
      • Has view: Yes
      • View description: Hill Country
      • Waterfront features: Dry/Seasonal
      Lot
      • Size: 4 Acres
      • Features: Trees-Medium (20 Ft - 40 Ft)
      Details
      • Additional structures: See Remarks, Guest House, Mobile Home, Outbuilding, Storage
      • Parcel number: 931 Sycamore Creek. Dropping Springs, TX 78620
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex
      Materials
      • Foundation: See Remarks
      • Roof: Composition
      Condition
      • Resale
      • New construction: No
      • Year built: 2000

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Electricity Available

      Community & HOA

      Community
      • Features: None
      • Subdivision: Creekside Add
      HOA
      • Has HOA: No
      Location
      • Region: Dripping Springs

      Financial & listing details

      • Price per square foot: $651/sqft
      • Tax assessed value: $435,592
      • Date on market: 3/7/2026
      • Listing terms: Cash,Conventional
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/28/2026Price change$1,239,000-3.9%$651/sqft
        Source: Unlock MLS #7499560 Report a problem
        4/1/2026Listing removed$1,750$1/sqft
        Source: Zillow Rentals Report a problem
        2/25/2026Listed for sale$1,289,000$677/sqft
        Source: Unlock MLS #9797316 Report a problem
        2/14/2026Listed for rent$1,750$1/sqft
        Source: Zillow Rentals Report a problem
        2/13/2026Listing removed$1,750$1/sqft
        Source: Unlock MLS #6654644 Report a problem
        2/2/2026Listed for rent$1,750-5.4%$1/sqft
        Source: Unlock MLS #6654644 Report a problem
        2/2/2026Listing removed$1,850$1/sqft
        Source: Zillow Rentals Report a problem
        1/6/2026Listed for rent$1,850$1/sqft
        Source: Zillow Rentals Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $435,592 -8%
        2024$7,403 -4.9%$473,347 -8.2%
        2023$7,783 +52.6%$515,396 +72.4%
        2022$5,099 +1.1%$298,970 +7.2%
        2021$5,042 $278,980 +4.4%
        2020-- $267,270 +114.6%
        2019$2,441 +0.8%$124,530 +6%
        2018$2,422 -23%$117,450 -22.6%
        2017$3,146 $151,710

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 78620

        Getting around

        0 / 100
        Car-Dependent
        2 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Dripping Springs
        • Middle: Dripping Springs Middle
        • High: Dripping Springs
        • District: Dripping Springs ISD

        Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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