Dripping Springs, TX 78620 (Hays County)
About this property
Rare opportunity in Sunset Canyon featuring a beautifully renovated 5-bedroom main home plus a fully independent 1-bedroom apartment with its own kitchen, living room, bath, and private entrance. Ideal for multi-generational living, long-term guests, a private home office, or rental income potential. Situated on a flat, fully fenced 1.48-acre lot with majestic oak trees, extensive upgrades, and nearly 4,900 sqft. of total living space. Step inside to a light-filled main level where the living room w/ a cozy fireplace flows effortlessly into a formal dining room & 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 & 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 w/ its own fireplace creates the perfect flex space for movie nights, play, or relaxation. Four generously sized secondary bedrooms & two full bathrooms provide plenty of room for everyone. And then, the bonus you didn’t know you needed—a fully renovated 1BR/1BA guest apartment w/ a full kitchen & spacious living area, privately connected by a covered deck. Out back, enjoy a covered patio overlooking the spacious yard & 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 sought-after Sunset Canyon, this home blends Hill Country serenity with everyday convenience. Located along Highway 290 with easy access to Austin and zoned to the highly acclaimed Dripping Springs Independent School District, this neighborhood is known for its space, quality, and community.
Property details
Location
About the Area
701 Oakwood Ln is located in Dripping Springs, Texas, in Hays County. Hays County is one of the fastest-growing counties in the United States, driven by the explosive growth of San Marcos and Kyle-Buda corridor connecting Austin and San Antonio. The county blends Hill Country character in its western reaches, Wimberley, Dripping Springs, Driftwood, with rapidly urbanizing communities along the I-35 corridor.
The Blanco River and Barton Creek headwaters flow through Hays County, carving spring-fed swimming holes beloved by generations of Texans. Jacob's Well, a natural cylindrical karstic spring, and the swimming holes of Blue Hole Regional Park draw visitors year-round. The Edwards Plateau escarpment creates dramatic topographic relief in the western half of the county.
Dripping Springs had an estimated population of 6,322 as of 2023. The 78620 zip code has a median household income of $146,551, a median home value of $624,800, and a median age of 42.7. The average household size is 2.73 people.
Texas State University anchors San Marcos, supporting a significant education and healthcare sector. The I-35 corridor has attracted major distribution centers and manufacturing. The western Hill Country communities of Wimberley and Dripping Springs have become destination wine, dining, and retreat markets commanding premium real estate prices.
Demographic data sourced from the U.S. Census Bureau, American Community Survey 5-Year Estimates (2023).
Listing information © 2026 Unlock MLS (ACTRIS). All data provided AS IS. Information is deemed reliable but not guaranteed. Listing courtesy of eXp Realty, LLC.