315 Hays ST, Dripping Springs TX 78620
MLS #245246236 · Magnolia Realty Austin Hill Co · Heather Jones
About this home
Located in the heart of downtown Dripping Springs, this beautifully crafted Tejas Heritage home offers a rare combination of timeless design, exceptional quality, and unbeatable walkability. Whether you're searching for a full-time residence, weekend getaway, or income-producing short-term rental, this property checks every box. Enjoy being just steps from Pig Pen BBQ, Rolling in Thyme & Dough, boutique shopping along Mercer Street, live music at Hudson's on Mercer, and only minutes from H-E-B, Home Depot, and all that Dripping Springs has to offer. Thoughtfully designed with aging-in-place principles, the home features ADA-friendly elements that provide comfort, accessibility, and long-term livability without sacrificing style. Built by the highly respected Tejas Heritage Homes, it showcases quality craftsmanship and thoughtful architectural details throughout. The inviting outdoor living spaces are perfect for entertaining, featuring covered front and back porches and a beautiful outdoor fireplace overlooking the private backyard. A detached upstairs apartment with its own private entrance, kitchenette, and full bathroom provides incredible flexibility for guests, multigenerational living, a home office, or additional rental income. Currently operating as a successful short-term rental, this property offers immediate investment potential while also presenting a unique opportunity for future commercial use. The property is currently working with the City of Dripping Springs toward potential commercial zoning, making it an excellent option for a boutique medical, dental, or professional office (buyer to independently verify zoning and permitted uses). Whether you're looking to invest, live, work, or enjoy the best of downtown Dripping Springs, opportunities like this are exceptionally rare. Main Home is 1657 square feet (3 BED I 2 Bath) and Garage Apartment is 576 square feet (1 Bed I 1 Bath)
Property details
- Property type
- Residential · SingleFamilyResidence
- Status
- Active
- Year built
- 2008
- Full baths
- 3
- Lot size
- 0.3
- Subdivision
- W T Chapman #3
- MLS area
- HD
- MLS #
- 245246236
Features
Interior features
- Breakfast Bar
- Beamed Ceilings
- Open Floorplan
- Pantry
- Recessed Lighting
Exterior features
- Basketball Court
- Private Entrance
Additional details
- Parking
- Driveway, Garage
- Garage spaces
- 2
- Roof
- Metal
- Foundation
- Slab
- Annual tax
- $10,667
Location
View Street ViewLoading map…
Schools
Assigned schools per the MLS.
- School district
- Dripping Springs ISD
- Elementary
- Walnut Springs
- Middle
- Dripping Springs Middle
- High
- Dripping Springs
Comparable homes near 315 Hays ST
Similar homes currently for sale nearby, ranked by distance.
Getting around
- Downtown Austin
- 21.4 mi
- Austin-Bergstrom Airport
- 25.3 mi
Straight-line distance, not drive time.
Market insights
Compared with 447 active homes in ZIP 78620 · HomeLocating listings
At $850,000, this home is priced 22% above the $695,000 median across 447 active homes in ZIP 78620.
Estimated monthly payment
Home price
$850,000
Down payment
20% ($170,000)
Loan details
30-yr fixed, 6.50%
Free & no obligation — we'll connect you with a trusted lender.
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.
See this home in person
Interested in this home?
Ask a question or schedule a tour — we’ll follow up within 24 hours.
Listing courtesy of Magnolia Realty Austin Hill Co · Heather Jones
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.