About This Home

Welcome to the beautiful "Bluebonnet" open concept plan in Headwaters. This beautiful home features a wide-open family and dining area that is perfect for all your family’s daily and entertainment needs. This brand-new 4 bedroom, 3 and ½ bath David Weekley home boasts a ton of natural light through the oversized windows across the rear of your new home. The high ceiling in the family room area is open to below from the second floor. This home boasts a large private office area that is perfect for your work from home needs. Spend the evening relaxing after a long day on your large rear patio as you take in the beautiful Hill Country Views! Call today to view and reserve your slice of the Texas, Hill Country.

Our EnergySaver™ Homes offer peace of mind knowing your new home in Dripping Springs is minimizing your environmental footprint while saving energy.

Square Footage is an estimate only; actual construction may vary.

At $258/sqft, this home is 46% below the Dripping Springs active market average of $475/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1062 Iron Willow Loop, Dripping Springs, TX 78620

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Property Details

Price $675,000

Status Active Listing

Beds 4

Full Baths 3

Half Baths 1

Living Area 2,618 sqft

Lot Size 0.14 acres (6,246.5 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Headwaters at Barton Creek

County Hays

Zip Code 78620

$/sqft $258/sqft

Days on Market ,

HOA $459/Quarterly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT232411269

List Date October 29, 2026

Elementary School WildwoodSprings

Middle School Dripping Springs Middle

High School Dripping Springs

School District Dripping Springs ISD

School District

Dripping Springs ISD

WildwoodSprings · Dripping Springs Middle · Dripping Springs

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Dripping Springs and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · October 29, 2026 $752,535

Previous ask $699,990

Current ask $675,000

▼ Reduced $77,535 (-10.3%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Dripping Springs

Comparable Listings Right Now

Homes currently for sale in Dripping Springs with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

1491 Hazy Hills Loop
Headwaters $689,000 $285 3 bd / 3 ba 2,418 sqft , 2026-06-12

974 Iron Willow Loop
Headwaters at Barton Creek $689,000 $249 4 bd / 4 ba 2,763 sqft , 2026-09-14

808 Iron Willow Loop
Headwaters at Barton Creek $699,000 $268 4 bd / 4 ba 2,605 sqft , 2026-09-14

2016 Hidden Hills Dr
Sunset Canyon Sec 1 $725,000 $374 4 bd / 2 ba 1,937 sqft , 2026-06-01

984 Iron Willow Loop
Headwaters at Barton Creek $739,000 $274 4 bd / 4 ba 2,700 sqft , 2026-09-19

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$3,240/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$135,000

20% conventional investment loan

Monthly Cash Flow Breakdown (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$3,240

Principal + Interest−$3,684

Property Tax (assumed ~2.1%)−$1,181

Insurance (assumed ~0.5%)−$281

Est. Monthly Cash Flow $-1,906

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 41 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. The written content was last updated on November 11, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

1062 Iron Willow Loop

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Dripping Springs, TX

More Luxury Homes in Dripping Springs

1062 Iron Willow Loop

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Dripping Springs, TX

More Luxury Homes in Dripping Springs

Explore Austin Real Estate

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