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Dripping Springs · Sunset Canyon Sec 4

$1,250,000 112 days on market

701 Oakwood Ln, Dripping Springs, TX 78620

  • 5bedrooms
  • 3.5bathrooms
  • 4,876sqft
  • 1.5acres
  • 1991year built

About this home

Main home is 5BR/3.5BA and the guest apartment is a complete 1BR/1BA with its own living room and kitchen! This stunning down-to-the-studs renovation blends elevated design with everyday livability—set on a rare, flat, fully fenced lot shaded by a majestic oak tree. Step inside to a light-filled main level where the living room w/ a cozy fireplace flows effortlessly into a formal dining space & a beautifully remodeled kitchen designed for gathering. Large windows frame peaceful backyard views, while a powder bath & dedicated laundry room add everyday convenience. The main-level primary suite is a true retreat, tucked away for privacy and overlooking the serene backyard. Complete w/ a spacious ensuite bath & an oversized walk-in closet, it’s designed to feel like your own personal sanctuary. Upstairs, a second living area with its own fireplace creates the perfect flex space for movie nights, play, or relaxation. Four generously sized bedrooms and two full bathrooms provide plenty of room for everyone. And then, the bonus you didn’t know you needed—a fully renovated guest apartment, privately connected by a covered deck, offers a complete one-bedroom, one-bath layout with a full kitchen and expansive living space. Perfect for multi-generational living, long-term guests, or even income potential. Out back, enjoy a covered patio overlooking the spacious yard and stunning oak tree—ideal for quiet mornings, entertaining, or simply unwinding. The three-car garage adds the finishing touch, offering both function and flexibility. Nestled in the highly sought-after Sunset Canyon community, this home offers the perfect blend of Hill Country serenity & everyday convenience. Ideally located along Hi-Way 290, residents benefit from an easy commute into Austin while enjoying the charm and slower pace of Dripping Springs living. With access to the highly acclaimed Dripping Springs ISD, this neighborhood is a top choice for those seeking space, quality, & community.

Property

Type
Single Family Residence
Levels
Two
Year built
1991
Lot size
1.48 acres
Subdivision
Sunset Canyon Sec 4
MLS #
ACT6576901

Inside

Bedrooms
5
Bathrooms
3.5
Living area
4,876 sqft
Fireplaces
2

Outside / parking

Garage spaces
3

Schools

Elementary
Dripping Springs
High school
Dripping Springs
District
Dripping Springs ISD

Costs

Est. annual taxes
$11,951 (2025)

Listing

First listed
Jan 16, 2026
Days listed
112
Status
Active

Listed by Jessica Licona, eXp Realty, LLC · [email protected] · MLS# ACT6576901 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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