118 Spring Cv - Dripping Springs Retreat 7,000 SF Specialty Building Offered at $4,200,000 at a 5.90% Cap Rate in Dripping Springs, TX 78620

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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!

PROPERTY FACTS

Price $4,200,000
Price Per SF $600
Sale Type Investment
Cap Rate 5.90%
Property Type Specialty
Property Subtype Residential Income
Building Class B
Lot Size 5.01 AC
Building Size 7,000 SF
No. Stories 2
Year Built/Renovated 1984/2022
  • Listing ID: 35335669

  • Date on Market: 4/1/2025

  • Last Updated:

  • Address: 118 Spring Cv, Dripping Springs, TX 78620