118 Crater Lake DR, Dripping Springs, TX — photo 1
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$547,020
6 beds4 baths2,904 sqft

118 Crater Lake DR, Dripping Springs, TX 78620

MLS #248826410 · ERA Experts · Kent Zarbock

Residential
Built in 2026
45,115 sqft Lot
$188/sqft
HOA $43 / monthly

About this home

Welcome home to the Knox, our largest floor plan in Cannon Ranch! This spacious home features 6 bedrooms, 4 bathrooms, a dedicated study, and a large game room, offering plenty of space for everyone. Backing to a scenic walking trail and mature trees, this home offers the perfect blend of space, comfort, and natural beauty!

Property details

Property type
Residential · SingleFamilyResidence
Status
Active
Year built
2026
Full baths
4
Lot size
45 x 115
Subdivision
Cannon Ranch
MLS area
HD
MLS #
248826410

Features

Interior features

  • Breakfast Bar
  • Ceiling Fan(s)
  • Double Vanity
  • Electric Dryer Hookup
  • Kitchen Island
  • Open Floorplan
  • Primary Bedroom on Main
  • Recessed Lighting
  • Washer Hookup

Exterior features

  • Gutters Partial
  • Pest Tubes in Walls

Additional details

Parking
Attached, Garage, Garage Faces Front
Garage spaces
2
Roof
Composition
Foundation
Slab
HOA
$43 / monthly
Annual tax
$782

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Schools

Assigned schools per the MLS.

School district
Dripping Springs ISD
Elementary
WildwoodSprings
Middle
Dripping Springs Middle
High
Dripping Springs

See Dripping Springs ISD schools & boundaries →

Comparable homes near 118 Crater Lake DR

Similar homes currently for sale nearby, ranked by distance.

Getting around

Downtown Austin
20.5 mi
Austin-Bergstrom Airport
24.5 mi

Straight-line distance, not drive time.

Market insights

Compared with 495 active homes in ZIP 78620 · HomeLocating listings

Area median price
$689,000
This home vs. median
21% below
Homes with a price cut
44%

At $547,020, this home is priced 21% below the $689,000 median across 495 active homes in ZIP 78620, including other homes in Cannon Ranch.

Estimated monthly payment

$3,102/mo
Principal & interest$2,766/mo
Property taxes
Home insurance (est.)
HOA dues

Home price

$547,020

Down payment

20% ($109,404)

Loan details

30-yr fixed, 6.50%

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Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.

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Listing courtesy of ERA Experts · Kent Zarbock

Listing data last updated Oct 22, 2026, 11:46 AM

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