Heritage Dripping Springs Neighborhood

Have you driven down RR12 towards Fitzhugh and noticed a brand new 189 acre subdivision on the west side of the street?

It’s Dripping Springs’ newest subdivision development- Heritage! This beautiful neighborhood will be central to everything in Dripping Springs. You will be able to hear the band play during Friday night lights at the Tiger stadium just a stones throw away, walk new trails to the historic district on Mercer and hop onto 290 within minutes to get to Austin or Johnson City.

Heritage Dripping Springs PID neighborhood

This neighborhood is Dripping’s second PID (public improvement district). This creates a higher tax rate for homeowners in the subdivision to help pay for the cost of improvements.

PIDs are typically established by a local government, and are funded through assessments on properties within the district. The assessments are based on the value of the property or on the benefits that the property receives from the improvements or services provided by the PID.

PIDs are created to address a specific need or issue within a community, such as a lack of infrastructure (in this case North Roger Hanks Pkwy). They can be an effective way to fund public improvements and services in a targeted way, and can help to ensure that the benefits of the improvements are shared fairly among home owners within the district.

Heritage New Home Neighborhood park in Dripping Springs, Texas

The M/I model home is now under construction and home sales will begin in the spring of 2023. The anticipated price ranges for these homes will be $390-540k with a wide variety of ranch style and two story floor plans.

M/I Homes and Tripointe are the two builders who will be building 293 homes each on various sized lots for the next several years along with pocket parks, trails, a pool and amenity center with quick access to downtown Dripping Springs.

This neighborhood is currently zoned for Dripping Springs High, Dripping Springs Middle and Walnut Springs Elementary schools.

The neighborhood tax rate will be 1.9% with a proposed assessment of $300/month to pay the PID, and the HOA will be about $45/month.

Heritage Neighborhood Dripping Springs, Texas

Are you interested in more information about this neighborhood? I’d love to be your go-to source for all things Heritage! I’m a local, Dripping Springs real estate agent and am excited to tell you more!

Just reach out to me and I can walk you through the process of buying a new home with Tripointe or M/I and helping to sell your current home! 512-569-8480 or laurenclark@magnoliarealty.com

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"Lauren has been in continuous contact with us the
entire process so far. Lauren has shared multiple resources
and hidden gems for a family relocating from out of state.

Lauren has been, and is still is readily available by phone,
text or email (in person when needed) when we have ANY
question about the area, the process, the contacts, basically
anything a person relocating could need. Lauren has been,
and will continue to be a great advocate for us with our
home builder."

- David and Lisa
*****
Client Testimonial

@laurenlovesdrippingsprings

laurenclark@magnoliarealty.com 512-569-8480

 

 

 

 

Licensed by the Texas Real Estate Commission

 

License # 756168

 

Magnolia Realty Austin Hill Country

101 S. College St.

Dripping Springs, Texas

78620

Managing Broker:

Cody George