507 Bishop Wood RD, Dripping Springs, TX — photo 1
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$349,990
3 beds1,403 sqft

507 Bishop Wood RD, Dripping Springs TX 78620

MLS #247222537 · M/I Homes Realty · Patrick Easter

Residential
Built in 2026
32,131 sqft Lot
$249/sqft
HOA $600 / annually

About this home

Step into the Oakwood, a beautifully crafted single-story home that combines convenience and style in 1,444 sq. ft. of living space. With 3 bedrooms, 2 baths, and a 2-car garage, this plan is perfect for those who love the ease of one-level living. The open-concept layout begins with a welcoming Family Room (13'-0" x 16'-0") that flows into the Dining Room (11'-0" x 8'-0"), creating an inviting space for family meals or entertaining guests. At the heart of the home, the Kitchen features a central island and plenty of counter space for cooking and casual dining. A convenient Laundry Room is located near the garage entry for everyday functionality. The Owner’s Suite (16'-0" x 12'-0") offers a private retreat with a spacious walk-in closet and a luxurious bath featuring optional dual sinks, a spacious shower and a separate garden tub to relax in. Two additional bedrooms—Bedroom 2 (10'-0" x 10'-0") and Bedroom 3 (10'-0" x 10'-0")—share a full bath, making them ideal for family, guests, or a home office.

Property details

Property type
Residential · SingleFamilyResidence
Status
Active
Year built
2026
Lot size
32x131
Subdivision
Heritage
MLS area
HD
MLS #
247222537

Features

Interior features

  • Breakfast Bar
  • Ceiling Fan(s)
  • High Ceilings
  • Vaulted Ceiling(s)
  • Double Vanity
  • Electric Dryer Hookup
  • High Speed Internet
  • Interior Steps
  • Kitchen Island
  • Low Flow Plumbing Fixtures
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Smart Thermostat
  • Soaking Tub
  • Walk-In Closet(s)
  • Wired for Data
  • Wired for Sound

Exterior features

  • Lighting
  • No Exterior Steps
  • Pest Tubes in Walls
  • Private Yard

Additional details

Parking
Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Front
Garage spaces
2
Roof
Composition, Shingle
Foundation
Slab
HOA
$600 / annually

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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

See Dripping Springs ISD schools & boundaries →

Comparable homes near 507 Bishop Wood RD

Similar homes currently for sale nearby, ranked by distance.

Getting around

Downtown Austin
21.5 mi
Austin-Bergstrom Airport
25.7 mi

Straight-line distance, not drive time.

Market insights

Compared with 446 active homes in ZIP 78620 · HomeLocating listings

Area median price
$697,000
This home vs. median
50% below
Homes with a price cut
40%

At $349,990, this home is priced 50% below the $697,000 median across 446 active homes in ZIP 78620, including other homes in Heritage.

Estimated monthly payment

$2,520/mo
Principal & interest$1,770/mo
Property taxes (est.)
Home insurance (est.)
HOA dues

Home price

$349,990

Down payment

20% ($69,998)

Loan details

30-yr fixed, 6.50%

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Listing courtesy of M/I Homes Realty · Patrick Easter

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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