702 Cottonwood Creek RD, Dripping Springs, TX — photo 1
Fixer-UpperEstimated by HomeLocating
1 / 20
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
$499,000
2 beds2 baths2,108 sqft

702 Cottonwood Creek RD, Dripping Springs TX 78620

MLS #239343460 · WoW Properties · Preston Porterfield

Residential
Built in 1962
1.87 Acres Lot
$237/sqft

About this home

Charming fixer-upper with endless Hill Country potential! This original Sunset Canyon ranch home sits on a stunning 1.866-acre lot shaded by majestic oak trees and backing directly to Cottonwood Creek. Enjoy peaceful views, exceptional privacy, and a seasonal swimming hole with an old rock/concrete dam that adds to the property’s unique character. Inside, cathedral ceilings, expansive windows, a loft, and the original stone fireplace create a warm and welcoming atmosphere filled with natural light. A detached building with a kitchen, bedroom, and bathrooms offers excellent potential for a guest casita, studio, or private retreat. A rare opportunity to create something truly special in a beautiful natural setting. Be sure to follow the path down to the creek at the back of the property.

Property details

Property type
Residential · SingleFamilyResidence
Status
Active
Year built
1962
Full baths
2
Lot size
1.866
Subdivision
Sunset Canyon Sec 4
MLS area
HD
MLS #
239343460

Features

Interior features

  • Ceiling Fan(s)
  • Beamed Ceilings
  • Cathedral Ceiling(s)
  • High Ceilings
  • Vaulted Ceiling(s)
  • Chandelier
  • Laminate Counters
  • Double Vanity
  • Electric Dryer Hookup
  • French Doors
  • Interior Steps
  • Primary Bedroom on Main
  • Soaking Tub

Exterior features

  • Private Yard

Additional details

Parking
Aggregate, Asphalt
Garage spaces
0
Roof
Composition, Metal, Shingle
Foundation
Slab
Annual tax
$8,218

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Schools

Assigned schools per the MLS.

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

See Dripping Springs ISD schools & boundaries →

Market insights

Compared with 449 active homes in ZIP 78620 · HomeLocating listings

Area median price
$699,000
This home vs. median
29% below
Homes with a price cut
41%

At $499,000, this home is priced 29% below the $699,000 median across 449 active homes in ZIP 78620.

Estimated monthly payment

$3,416/mo
Principal & interest$2,523/mo
Property taxes
Home insurance (est.)

Home price

$499,000

Down payment

20% ($99,800)

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.

Ask about renovation financing for this home

With a fixer-upper, you can often finance the home and the repairs together — loans like the FHA 203(k) and Fannie Mae HomeStyle roll the purchase price and the cost of the work into one mortgage. Whether this home qualifies and what it would take are confirmed with a lender. Tell us you're interested and we'll help you explore the options.

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Listing courtesy of WoW Properties · Preston Porterfield

Listing data last updated Aug 6, 2026, 11:46 AM

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