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1118 Harmon Hills RdOn Market

1118 Harmon Hills Rd

Dripping Springs, TX 78620 · Hays County

MLS #6552133

$1,550,000
5bd · 7ba · 4,358 sqft · built 2024

One-of-a-kind Dripping Springs property on 3 private acres in Douglas Estates, built 2024. 5 bedrooms, 7 baths, and 4 kitchens including a fully separate guest house with its own kitchen, living area, bedroom, bath, and private entrance. The standout feature is a climate-controlled indoor pickleball/basketball court. In-ground pool and spa, expansive patios, mature Hill Country trees, oversized detached garage, private well and septic, no HOA. Listed via MLS #6552133, Keller Williams Realty (Ashley Tullis). ~25 miles to downtown Austin.

Erika's take

Built 2024. 5 BR + guest house (2nd rentable unit). Pool & spa, indoor pickleball/basketball court. ~25 mi to downtown Austin, near Hamilton Pool Preserve.

Tax play notes

New 2024 construction on 3 acres — the portal's first Hays County listing. 63% improvement-to-land ratio ($424,760 improvement of $679,640 total), a strong cost segregation candidate given the brand-new build and layered amenities (pool/spa, indoor sport court, guest house).

Projected annual revenue
$190,000
Avg nightly rate
—
Avg occupancy
—
Gross yield
12.3%

Erika's estimate: ~$190K/year projected annual revenue.

Assessed value — land vs. improvement (2026)

Land
Improvement
Land value
$254,880
Improvement value
$424,760
Total assessed
$679,640

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Added Sep 15, 2026