507 Terrace Canyon Dr
Description
Inside, soaring 12-foot ceilings throughout create an open, airy atmosphere. The expansive living room is anchored by a dramatic fireplace and flows effortlessly into...A truly remarkable and elegantly designed residence on 1.56 acres in Dripping Springs, offering refined one-story living with a flexible upstairs bonus space. This new construction home features 4 bedrooms, 4.5 bathrooms, and approximately 4,000 sq ft of thoughtfully designed living space that blends luxury, comfort, and functionality.
Inside, soaring 12-foot ceilings throughout create an open, airy atmosphere. The expansive living room is anchored by a dramatic fireplace and flows effortlessly into the heart of the home with an oversized chef’s kitchen outfitted with double islands, marble countertops, custom cabinetry, and a premium THOR stainless steel appliance package. A fully loaded butler’s pantry with abundant storage adds even more utility and style.
The primary suite is a private retreat with high ceilings and a huge walk-in closet. The ensuite bathroom is timeless and serene, designed with premium finishes. Two additional downstairs bedrooms each feature designer en-suite bathrooms, while a third secondary bedroom on the main level also includes a full bathroom, ideal for family or guests. A dedicated study and powder room complete the main floor.
Upstairs offers a flexible bonus room, perfect for a second living area, home gym, or media room, allowing this floor plan to adapt to your lifestyle.
Step outside to the large covered patio with a built-in outdoor kitchen, offering the perfect space to entertain or unwind. The spacious backyard offers plenty of room to add a pool, giving you the opportunity to create your own Hill Country oasis.
This is a one-of-a-kind custom floor plan in Dripping Springs, offering luxurious finishes, thoughtful design, and the space to make it your Hill Country dream.
Property Details for 507 Terrace Canyon Drive
Property Details for 507 Terrace Canyon Drive
| Status | Closed |
|---|---|
| MLS # | 5848779 |
| Days on Market | 88 |
| Taxes | $4,820 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Single Family Residence |
| Year Built | 2025 |
| Lot Size | 1.56 AC / 67,953 SF |
| County | Hays County |
Location
Sold By Intelligent Real Estate, Inc., Anne-Marie Cancienne, TREC #0618488
Building Information for 507 Terrace Canyon Drive
Payment Calculator
$7,809 per month
30 year fixed, 6.28% Interest
$7,407
$402
$0
Property Information for 507 Terrace Canyon Drive
- Garage Spaces: 3
- Parking Total: 6
- Parking Features: Attached, Garage
- Garage: Yes
- Covered Spaces: 3
- Interior Features: Breakfast Bar, Built-in Features, Tray Ceilings, Ceiling Fan(s), Chandelier, Double Vanity, Entrance Foyer, Eat In Kitchen, French Doors Atrium Doors, Granite Counters, High Ceilings, High Speed Internet, In Law Floorplan, Interior Steps, Kitchen Island, Multiple Living Areas, Main Level Master, Open Floorplan, Pantry, Stone Counters, Recessed Lighting
- Flooring: Carpet Free, Tile, Wood
- Appliances: EnergyStarQualifiedRefrigerator, FreeStandingGasRange, FreeStandingRefrigerator, GasRange, GasWaterHeater, Microwave, Refrigerator
- Fireplace: Yes
- Fireplaces Total: 1
- Fireplace Features: Electric
- Laundry Features: MainLevel, WasherHookup, ElectricDryerHookup
- Virtual Tour URL Branded: https://sites.jpmrealestatephotography.com/507terracecanyondr
- Virtual Tour URL Unbranded: https://sites.jpmrealestatephotography.com/mls/195876421
- Restrictions: DeedRestrictions, RestrictiveCovenant
- Exterior Features: Barbecue, Gas Grill, Lighting, Outdoor Grill, Private Yard
- New Construction: No
- Construction Materials: Hardiplank Type, Masonry
- Foundation Details: Slab
- Patio And Porch Features: Rear Porch, Covered, Front Porch
- Roof: Composition
- Fencing: None
- Direction Faces: West
- Window Features: Vinyl
- Accessibility Features: None
- Community Features: None
- FEMA Flood Plain: No
- Lot Features: Interior Lot, Level
- Horse: No
- Horse Amenities: None
- Builder Name: DZM Designs LLC
- Cooling: Central Air
- Heating: Central
- Sewer: Septic Tank
- Utilities: Electricity Connected, Propane, Water Connected
- Green Energy Efficient: Windows, Appliances
- Room Type: Kitchen
- Room Level: Main
- Room Features: BreakfastBar, ButlersPantry, BreakfastArea, Chandelier, KitchenIsland, Pantry, RecessedLighting, Bar
- Room Type: PrimaryBathroom
- Room Level: Main
- Room Features: Chandelier, DoubleVanity, SoakingTub, WalkInClosets, WalkInShower
- Room Type: PrimaryBedroom
- Room Level: Main
- Room Features: CeilingFans, CofferedCeilings, HighCeilings
- Permission: IDX
- Permission: IDX
- Permission: IDX
- Association: No
- Tax Assessed Value: $309,000
- Additional Parcels: No
- Tax Year: 2025
- Tax Rate: 1.56%
- Security Features: None
- Directions: From 290W, Right on Canyon Wood, Left on Roy Creek, Right on Oak Meadows, Left on Terrace Canyon.
Property History for 507 Terrace Canyon Drive
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 14, 2025 | Sold ACTRIS #5848779 | — | |
| Sep 30, 2025 | Pending ACTRIS #5848779 | — | |
| Sep 8, 2025 | Active Under Contract ACTRIS #5848779 | — | |
| Sep 8, 2025 | Pending ACTRIS #5848779 | — | |
| Jun 12, 2025 | Listed (Active) ACTRIS #5848779 | $1,499,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/14/2025 | Sold ACTRIS #5848779 | — |
| 09/30/2025 | Pending ACTRIS #5848779 | — |
| 09/08/2025 | Active Under Contract ACTRIS #5848779 | — |
| 09/08/2025 | Pending ACTRIS #5848779 | — |
| 06/12/2025 | Listed (Active) ACTRIS #5848779 | $1,499,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 507 Terrace Canyon Drive
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Dripping Springs Elementary School PublicPK to 5 | ||
Dripping Springs Middle School Public6 to 8 | ||
Dripping Springs High School Public9 to 12 | ||
Cypress Springs Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2025 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2025] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.