278 Crater Lake DR, Dripping Springs, TX — photo 1
Price CutEstimated by HomeLocating
1 / 40
$504,820
5 beds3 baths2,295 sqft

278 Crater Lake DR, Dripping Springs TX 78620

MLS #244309190 · ERA Experts · Kent Zarbock

Residential
Built in 2026
45,130 sqft Lot
$220/sqft
HOA $43 / monthly

About this home

Meet the Colton! This thoughtfully designed 5-bedroom, 3-bath home features a spacious kitchen, open living areas, and room for everyone. Nestled on an oversized homesite at the edge of a cul-de-sac, you'll enjoy extra space, added privacy, and a location that's hard to beat.

Property details

Property type
Residential · SingleFamilyResidence
Status
Active
Year built
2026
Full baths
3
Lot size
45 x 130
Subdivision
Cannon Ranch
MLS area
HD
MLS #
244309190

Features

Interior features

  • Ceiling Fan(s)
  • High Ceilings
  • Double Vanity
  • Electric Dryer Hookup
  • Kitchen Island
  • 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 278 Crater Lake DR

Similar homes currently for sale nearby, ranked by distance.

Getting around

Downtown Austin
20.4 mi
Austin-Bergstrom Airport
24.4 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
27% below
Homes with a price cut
40%

At $504,820, this home is priced 27% below the $695,000 median across 447 active homes in ZIP 78620, including other homes in Cannon Ranch.

Estimated monthly payment

$2,871/mo
Principal & interest$2,553/mo
Property taxes
Home insurance (est.)
HOA dues

Home price

$504,820

Down payment

20% ($100,964)

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 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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