$2,000,000
For Sale

Springlake Drive

Dripping Springs, TX 78620
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Description

Owner/agent. No sign. No trespassing. Agent must be present to view. Appointment with agent required. This lovely property is convenient to City amenities and is to be restricted to single family residential use only. As shown on survey, 1.03 acres is subject to Springlake Restrictions and seller will impose restrictions on the remainder - see attached documents. All but 1.03 acres can be further subdivided. A very small portion of an acre is currently in the City limits and the remainder is in the ETJ of Dripping Springs. The Dripping Springs Water Supply Corporation waterline runs along Springlake Drive and,in addition, a water valve and T is on the property near its southwest corner. The Heritage Subdivision to the south has sewer and the attached Covenant Agreement between sellers and the owners of Heritage Subdivision discusses possible future access to wastewater lines for the 12.35 acres - see particularly Paragraph 2 and 3 of the Covenant Agreement. Sellers granted a waterline easement along the western side of the 12.35 acres in return for some concessions by Heritage as stated in Covenant Agreement. The recently approved City of Dripping Springs Master Transportation Plan shows a road in Phase 3 of Heritage extending through the 12.35 acres as a proposed mid-term residential collector road extending from Heritage through the 12.35 acres and connecting to Springlake Drive - see documents for more information. The estimated tax and assessed value were prorated approximately since the subdivision process was not complete at the time the 2021 tax bills were sent and the taxes for the 12.35 acres were included with those for a larger piece of property with certain exemptions applied.
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  • Property Details
    • Property
      • View:Trees Woods
      • Lot description:Trees Large Size, Trees Medium Size, Trees Small Size
    • Measurements
      • Acres:12.35
  • Construction Details
    • Type & Style
      • Property type:Purchase
  • Utilities / Energy Details
    • Utility
      • Utility features:Electricity Available, Phone Available, Water Available
  • Community and Neighborhood Details
    • Location
      • School district:Dripping Springs ISD
      • Elementary School:Dripping Springs
      • Middle School:Dripping Springs Middle
      • High School:Dripping Springs
      • County:Hays
    • Community
      • Subdivision:1.03 acres was part of an original Springlake lot
  • Financial Details
    • Pricing Details
      • Original List Price:$2, 000, 000
      • Selling Office Commission:3.000
      • Days on Market (Cumulative):112
  • Other
    • Source
      • MLS #:9361525

Location

Gregg's TeamReal Estate Group
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