10512 Lake Park Dr, Dripping Springs, TX, 78620 - MLS# 4531978

$1,250,000

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Beds 5
Baths 4
Sqft 4,444
Acres 0.85
Property Type Home
Heating Central, Fireplace(s)
Parking Converted Garage, RV Access/Parking, Storage
Year Built 2002
Stories 2
Cooling Central Air, Ceiling Fan(s)
Days on Market 50
Garages 2

About 10512 Lake Park Dr

Set on nearly an acre overlooking a serene 25-acre park, this Hill Country farmhouse offers a rare blend of privacy, space, and opportunity. With 4,800+ square feet of living space, a 1,500 sq ft workshop, and a detached garage apartment with its own kitchen and bath that adds approximately 435 square feet, the property is currently operating as a short-term rental—making it an ideal second home that can help offset ownership costs, or a full-time residence with built-in flexibility. The original garage has been thoughtfully converted into a versatile space that can function as a game room or a fully separate apartment with living area and bedroom—perfect for guests, extended family, or additional rental income. Inside, all kitchens and baths have been beautifully updated with quartz and marble countertops. The light-filled main kitchen opens seamlessly to the living and dining areas, creating an inviting space for gathering and entertaining. The spacious primary suite on the main level features a clawfoot soaking tub, frameless glass shower, and morning light, with an additional room nearby perfect for a home office or nursery. Enjoy peaceful views and direct access to walking trails, fishing ponds, sport courts, and playgrounds just beyond your backyard. With light restrictions, this property welcomes chickens, boats, and RVs, offering rare freedom to live expansively. Zoned to Lake Travis ISD and short-term rental friendly, this home offers the freedom to live, host, or invest—whether as a primary residence, weekend escape, or income-producing retreat. Furnishings convey, excluding a short list of seller exclusions. Proven rental history available upon request. A truly versatile Hill Country haven where lifestyle and opportunity meet.

Location

Legal Description LOT3-5 BLK XX TWIN LAKE HILLS
Address 10512 Lake Park Dr
County Travis
City Dripping Springs
Zip Code 78620
Subdivision Twin Lake Hills
School District Lake Travis ISD
MLS Area LS

Size and Restrictions

Acres 0.85
Lot Description Bluff, Back Yard, Cul-De-Sac, Sloped Down, Front Yard, Backs to Greenbelt/Park, Gentle Sloping, Private, Many Trees, Trees Medium Size, Views
Horses Allowed No
$/Acre $1,468,688

Improvements

Parking Converted Garage, RV Access/Parking, Storage
Garage Spaces 2
Fence None
Exterior Features Lighting, Private Yard, Rain Gutters, Fire Pit

Features

View Park/Greenbelt, Hills, Panoramic, Pond, Rural, Trees/Woods
Water Access Pond

Utilities

Water Private
Utilities Cable Available, Cable Connected, Electricity Connected, High Speed Internet Available, Propane, Phone Connected, Water Connected

Amenities

Area Amenities Lake, Playground, Park, Sport Court(s), Trails/Paths

Beds and Baths

Bedrooms 5
Main Level Beds 2
Bathrooms 4 full
Primary on Main Yes

Other Rooms

Kitchen Appliances Dishwasher, Electric Cooktop, Exhaust Fan, Electric Oven, Disposal, Gas Range, Microwave, Oven, Refrigerator, Range Hood, Water Softener Owned, See Remarks, Stainless Steel Appliance(s)
Laundry Facilities Main Level, Laundry Room, Washer Hookup, Electric Dryer Hookup

Heating and Cooling

Heating Central, Fireplace(s)
Air Conditioning Central Air, Ceiling Fan(s)
Fireplaces Great Room, Masonry, Raised Hearth, Wood Burning

Interior Features

Flooring Carpet, Concrete, Tile, Wood
Features Breakfast Bar, Bookcases, Built-in Features, Ceiling Fan(s), Entrance Foyer, High Ceilings, Interior Steps, Kitchen Island, Multiple Living Areas, Main Level Primary, Multiple Closets, Open Floorplan, Pantry, Quartz Counters, Soaking Tub, Study, Walk-In Closet(s)
Disability None

Building Information

Square Feet 4,444
Year Built 2002
# of Stories 2
Building Faces South
Construction Masonry, Shake Siding, Stone Veneer, Vinyl Siding
Foundation Slab
Roof Metal

Property Features

Exterior Features Lighting, Private Yard, Rain Gutters, Fire Pit

Garage and Parking

Garage Yes - 2 Spaces
Parking Converted Garage, RV Access/Parking, Storage

Financial

$/Sq Ft $281
$/Acre $1,468,688
Special Conditions SeeRemarks
Documents Available Survey
Disclosures None

Property Taxes

Appraisal District Travis
Estimated Taxes $12,428
Tax ID 01079706090000
Tax Year 2025

Homeowner Association

Has HOA No

Listing Details

OfficeCompass RE Texas, LLC
Contact Info(512) 988-1741

Listing Map

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