Active
2 units4 bd4 ba2,784 sqft
Cost to live here
$3,352/moafter $2,050/mo in rent
Income to qualify: about $124,000 a year, rent counted
At 20% down, 30-year fixed. From 3.5% down.
$775,000•Duplex
1700 Harmon Hills Rd, Dripping Springs, TX 78620
315 Hays St, Dripping Springs, TX 78620
Active
Listed 122 days agoOwner-Occupant Eligible
About $4,784 a month to live here, after the rent from the other home.
House + ADU1,933 sqft4 beds3 bathsListed Jul 13, 2026
A house with a second home on the lot. Live in one and rent out the other. How it works
Live here for about
$4,784a month
The second home on the lot rents for $993. We hold back $149 of that for repairs and an empty month, and the rest goes toward a $5,628 monthly payment.
Income to qualify: about $148,000 a year
With how much down?
At 20% down ($170,000) and 6.0%, 30-year fixed. Your rate and down payment change this.
Get rich slow: keep this loan ten years and the payments pay off about $111,000 of it. See the ten-year math
How we work this out
The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.
$25,500 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own
ABOUT THIS HOME
Located in the heart of downtown Dripping Springs, this beautifully crafted Tejas Heritage home offers a rare combination of timeless design, exceptional quality, and unbeatable walkability. Whether you're searching for a full-time residence, weekend getaway, or income-producing short-term rental, this property checks every box. Enjoy being just steps from Pig Pen BBQ, Rolling in Thyme & Dough, boutique shopping along Mercer Street, live music at Hudson's on Mercer, and only minutes from H-E-B, Home Depot, and all that Dripping Springs has to offer. Thoughtfully designed with aging-in-place principles, the home features ADA-friendly elements that provide comfort, accessibility, and long-term livability without sacrificing style. Built by the highly respected Tejas Heritage Homes, it showcases quality craftsmanship and thoughtful architectural details throughout. The inviting outdoor living spaces are perfect for entertaining, featuring covered front and back porches and a beautiful outdoor fireplace overlooking the private backyard. A detached upstairs apartment with its own private entrance, kitchenette, and full bathroom provides incredible flexibility for guests, multigenerational living, a home office, or additional rental income. Currently operating as a successful short-term rental, this property offers immediate investment potential while also presenting a unique opportunity for future commercial use. The property is currently working with the City of Dripping Springs toward potential commercial zoning, making it an excellent option for a boutique medical, dental, or professional office (buyer to independently verify zoning and permitted uses). Whether you're looking to invest, live, work, or enjoy the best of downtown Dripping Springs, opportunities like this are exceptionally rare. Main Home is 1657 square feet (3 BED I 2 Bath) and Garage Apartment is 576 square feet (1 Bed I 1 Bath)
House + ADU
Property Type
13,068 sqft
Lot Size
2008
Year Built
Listing Date: 07/13/2026
Listed by: Heather Jones
Listing office: Magnolia Realty Austin Hill Co
Contact: (512) 694-8343
Source: Unlock MLS #ACT2737840
Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.
CHOOSE YOUR UNIT
Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.
If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.
CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.
OFFER PRICE
Change your offer and watch the monthly cost move.
Purchase Price
-15%
$850,000
+15%List Price
FINANCIALS
How much do you want to put down?
Purchase price$850,000
Your Down Payment$170,000
Financed$680,000
Estimated Monthly Payment$5,628
Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.
MONTHLY BREAKDOWN
Estimate at 20% down ($170,000) and 6.0%, 30-year fixed. Your rate and down payment change this.
Estimated Monthly Payment (Before Rental Income)
$5,628/month
Principal + Interest
$4,077Property Taxes
$1,261Home Insurance
$290Rental Income (1 Unit)
$993/month
From the listing description.
Rental Expenses
-$149Cost to live hereCost to live here, after rent
$4,784/month
Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.
LOCATION
BEFORE YOU OFFER
Now run it on your paycheck.
This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.
Free. No credit pull.
MLS# ACT2737840 · Listing office: Magnolia Realty Austin Hill Co
Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
