118 Spring Cv - Residential Income FOR SALE


Dripping Springs, TX 78620- Hill Country
$4,200,000 USD
512-585-3650
118 Spring Cv, Dripping Springs, TX for Sale
$4,200,000 USD
Residential Income - FOR SALE
1/33
null | 5.9% Cap Rate

118 Spring Cv
Dripping Springs, TX 78620
Hill Country


HIGHLIGHTS

  • Short Term Rental
  • Corporate Retreats
  • VRBO 2025 Property of the Year

OVERVIEW

THIS IS AN ACTIVE STR. Guests on site. DO NOT ENTER PROPERTY GROUNDS until a showing is scheduled and approved with me. 512-585-3650 Presenting The Dripping Springs Retreat. A resort style short term rental perfect for corporate meetings, corporate retreats, family vacations, etc. This property grossed 418k in 2024. Property has 9 bedrooms (5 are which ensuites), 7 full bathrooms and 2 half baths. Sleeps 20. 3420 Main house with a 3,580 Entertainment/ Corporate Space. Located in Dripping Springs, TX (wedding capital of Texas). Many guests book the property for family to all stay together when attending a wedding located near by. Great set up for corporate retreats/meetings. Large projector screen and individual seats with tables and private rooms with bathrooms provides ample set up for corporate stays. **A 2025 Winner of VRBO's Vacation Rental of the Year Award! One of just 10 winning properties out of over 2 million listings on the platform!** https://www.vrbo.com/vacation-rentals-of-the-year?brandcid=VRBO-US.COMMS.PR.VHOTY.VACATIONRENTAL This property has also been featured on ARRIVAL Magazine cover page, multiple influencers have stayed at the property and posted on socials! A football player also filmed his live draft at the property as well!

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$600 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dripping Springs Retreat

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.01 AC

LAND SF

218,208 SF

ZONING

-

APN/PARCEL ID

R34864

ASK ABOUT THIS PROPERTY

Jessica Bachus1st BrokerageMore Info
512-585-3650

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Jessica Bachus1st BrokerageMore Info
512-585-3650

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.