301 Medlin Creek LOOP, Dripping Springs, TX — photo 1
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Sale PendingUnder contract — not accepting offers

This home is under contract and no longer accepting offers. The price below is the last listed price, kept for reference only — if the deal falls through it may return to the market.

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Last listed price
$1,150,000
3 beds2.5 baths3,500 sqft

301 Medlin Creek LOOP, Dripping Springs TX 78620

MLS #240254584 · Magnolia Realty Austin Hill Co · Lauren Clark

Residential
Built in 1994
2.3 Acres Lot
$329/sqft

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This home may offer an assumable mortgage — a chance to take over the seller's existing loan, sometimes at a rate below today's. Contact us today and we'll confirm the exact rate, remaining balance, and whether it can be assumed at all with the seller's lender. Our services are free, no cost to buyers.

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About this home

2.75% assumable VA mortgage available! Set on 2.3 fully fenced and gated acres in the highly sought-after Medlin Creek neighborhood off Fitzhugh Rd, this remodeled Hill Country property offers space, privacy, and a lifestyle close to wineries, breweries, and near one of the hill countries favorite towns, Dripping Springs. The 3,500 sq ft home features 3 bedrooms, 2.5 bathrooms, and a large converted garage that functions as an expansive bonus or flex space with endless potential for a large primary suite, guest quarters or more bedrooms. The main level includes the primary suite, while two additional bedrooms are located upstairs. Remodeled in 2021, the home exudes rustic charm with thoughtful updates like beamed ceilings and a german schmear fireplace. Interior highlights include wood floors in the main area, shiplap walls, wainscoting in the dining area and updated lighting fixtures. The kitchen and primary shower have been updated, offering a beautiful, functional layout while maintaining character. Outdoor living is a standout feature with a large covered back patio, pool and spa, fire pit, outdoor kitchen, a wet weather creek at the back of the lot, and views of oak groves throughout the property. The wraparound front porch, complete with a swing and space for rocking chairs, creates a welcoming place to enjoy the Hill Country setting. The property backs to a larger ranchette, enhancing the sense of privacy and country living while still only being minutes from downtown Dripping Springs. Additional features include a well and 40,000 gallon rainwater collection system, a storage shed, playscape and a chicken coop. This is a rare opportunity for acreage living in a prime Dripping Springs location with flexibility, charm, and room to make it your own. Call today!

Property details

Property type
Residential · SingleFamilyResidence
Status
Active
Year built
1994
Full baths
2
Half baths
1
Lot size
2.304
Subdivision
Medlin Creek Ph I
MLS area
HD
MLS #
240254584

Features

Interior features

  • Ceiling Fan(s)
  • Beamed Ceilings
  • Quartz Counters
  • Entrance Foyer
  • Kitchen Island
  • Multiple Dining Areas
  • Multiple Living Areas
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main

Exterior features

  • Barbecue
  • Gutters Full
  • Lighting

Additional details

Parking
Outside
Garage spaces
0
Roof
Metal
Foundation
Slab
HOA
Medlin Creek HOA- Class C members (no dues paid)
Annual tax
$16,520

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Schools

Assigned schools per the MLS.

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

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Market insights

Compared with 449 active homes in ZIP 78620 · HomeLocating listings

Area median price
$699,000
This home vs. median
65% above
Homes with a price cut
41%

At $1,150,000, this home is priced 65% above the $699,000 median across 449 active homes in ZIP 78620.

Estimated monthly payment

$7,671/mo
Principal & interest$5,815/mo
Property taxes
Home insurance (est.)

Home price

$1,150,000

Down payment

20% ($230,000)

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 Magnolia Realty Austin Hill Co · Lauren Clark

Listing data last updated Aug 18, 2026, 11:46 AM

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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