10512 Lake Park DR, Dripping Springs, TX — photo 1
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$1,250,000
5 beds4 baths4,444 sqft

10512 Lake Park DR, Dripping Springs TX 78620

MLS #246250375 · Compass RE Texas, LLC · Natasha Antonioni

Residential
Built in 2002
0.85 Acres Lot
$281/sqft

About this home

Set on nearly an acre overlooking a serene 25-acre park, this Hill Country farmhouse offers a rare blend of privacy, space, and opportunity. With 4,800+ square feet of living space, a 1,500 sq ft workshop, and a detached garage apartment with its own kitchen and bath that adds approximately 435 square feet, the property is currently operating as a short-term rental—making it an ideal second home that can help offset ownership costs, or a full-time residence with built-in flexibility. The original garage has been thoughtfully converted into a versatile space that can function as a game room or a fully separate apartment with living area and bedroom—perfect for guests, extended family, or additional rental income. Inside, all kitchens and baths have been beautifully updated with quartz and marble countertops. The light-filled main kitchen opens seamlessly to the living and dining areas, creating an inviting space for gathering and entertaining. The spacious primary suite on the main level features a clawfoot soaking tub, frameless glass shower, and morning light, with an additional room nearby perfect for a home office or nursery. Enjoy peaceful views and direct access to walking trails, fishing ponds, sport courts, and playgrounds just beyond your backyard. With light restrictions, this property welcomes chickens, boats, and RVs, offering rare freedom to live expansively. Zoned to Lake Travis ISD and short-term rental friendly, this home offers the freedom to live, host, or invest—whether as a primary residence, weekend escape, or income-producing retreat. Furnishings convey, excluding a short list of seller exclusions. Proven rental history available upon request. A truly versatile Hill Country haven where lifestyle and opportunity meet.

Property details

Property type
Residential · SingleFamilyResidence
Status
Active
Year built
2002
Full baths
4
Lot size
0.8511
Subdivision
Twin Lake Hills
MLS area
LS
MLS #
246250375

Features

Interior features

  • Bookcases
  • Breakfast Bar
  • Built-in Features
  • Ceiling Fan(s)
  • High Ceilings
  • Quartz Counters
  • Electric Dryer Hookup
  • Entrance Foyer
  • Interior Steps
  • Kitchen Island
  • Multiple Living Areas
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Soaking Tub
  • Study/Home Office
  • Walk-In Closet(s)
  • Washer Hookup

Exterior features

  • Gutters Full
  • Lighting
  • Private Yard

Additional details

Parking
Converted Garage, RV Access/Parking, Storage
Garage spaces
2
Roof
Metal
Foundation
Slab
Annual tax
$12,428

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Schools

Assigned schools per the MLS.

School district
Lake Travis ISD
Elementary
Bee Cave
Middle
Bee Cave Middle School
High
Lake Travis

See Lake Travis ISD schools & boundaries →

Comparable homes near 10512 Lake Park DR

Similar homes currently for sale nearby, ranked by distance.

Getting around

Downtown Austin
18.3 mi
Austin-Bergstrom Airport
23.5 mi

Straight-line distance, not drive time.

Market insights

Compared with 447 active homes in ZIP 78620 · HomeLocating listings

Area median price
$695,000
This home vs. median
80% above
Homes with a price cut
40%

At $1,250,000, this home is priced 80% above the $695,000 median across 447 active homes in ZIP 78620, including other homes in Twin Lake Hills.

Estimated monthly payment

$7,878/mo
Principal & interest$6,321/mo
Property taxes
Home insurance (est.)

Home price

$1,250,000

Down payment

20% ($250,000)

Loan details

30-yr fixed, 6.50%

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Listing courtesy of Compass RE Texas, LLC · Natasha Antonioni

Listing data last updated Oct 2, 2026, 11:46 PM

Information is deemed reliable but not guaranteed and should be independently verified. Listing information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2026 HomeLocating.com.

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