Active Listing  ·  134 days on market

109 Francesco Ln #40

Dripping Springs, TX 78620
$474,995
2 Bed 3 Bath 2,063 sqft $230/sqft Built 2018 0.14 acres 2-Car Garage Pool The Retreat At Dripping Spgs

Welcome to 109 Francesco Lane - a beautifully maintained lock & leave home in the gated Retreat at Dripping Springs. Offering 2,063 square feet, 2 bedrooms, 2.5 bathrooms and thoughtfully designed living spaces, this residence combines contemporary finishes, low-maintenance living, and resort-style amenities in one of Dripping Springs’ most desirable communities. Designed for both comfort & entertaining, the open-concept floor plan features soaring ceilings, abundant natural light, luxury vinyl plank flooring and seamless flow between the living, dining and kitchen areas. The kitchen serves as the heart of the home with stainless steel appliances, generous cabinetry, ample prep space, a large center island and a striking floor-to-ceiling subway tile backsplash that creates a distinctive architectural focal point. Both bedrooms feature private ensuite bathrooms, offering comfort and privacy for owners and guests alike. The spacious primary includes dual vanities, a walk-in shower & a generous walk-in closet. An additional powder bath provides convenience for guests. Home office/study area could be a conversion opportunity to become a 3rd bedroom.

Enjoy morning coffee & evening relaxation on the covered front porch while taking in the peaceful Hill Country surroundings. Low-maintenance design makes this home ideal as a primary residence, second home, or downsizing opportunity.

Residents of The Retreat enjoy exceptional community amenities, including a resort-style pool & hot tub, outdoor pavilion with kitchen, fire pit, walking trails and beautifully maintained common areas. HOA services include lawn care, landscaping, irrigation, and common area maintenance, providing true lock-and-leave convenience.

Ideally located just minutes from historic Mercer Street, local wineries and breweries, dining, shopping, entertainment, and highly acclaimed Dripping Springs ISD schools, 109 Francesco Lane offers the perfect blend of comfort, convenience, and Hill Country living.

At $230/sqft, this home is 52% 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

109 Francesco Ln #40, Dripping Springs, TX 78620

Property Details

Price $474,995
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 2,063 sqft
Lot Size 0.14 acres (5,889.31 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Retreat At Dripping Spgs
County Hays
Zip Code 78620
$/sqft $230/sqft
Days on Market ,
HOA $315/Monthly
Annual Tax Est. $8,741.46
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238377429
List Date July 1, 2026
Elementary School Walnut Springs
Middle School Dripping Springs Middle
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Walnut Springs · Dripping Springs Middle · Dripping Springs

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.

Schedule a Call →

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 · July 1, 2026 $499,999
Previous ask $487,500
Current ask $474,995
▼ Reduced $25,004 (-5.0%) 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
119 Cotton Tree Ter
Heritage Dripping Spgs Ph1
$450,000 $266 3 bd / 2 ba 1,690 sqft , 2026-07-30
600 Meadow Oaks Dr
Meadow Oaks Ph I
$500,000 $282 3 bd / 2 ba 1,774 sqft , 2026-10-15
207 Meadow Oaks Dr
Meadow Oaks Ph I
$549,000 $284 3 bd / 2 ba 1,931 sqft , 2026-08-13
246 S Sage Holw
Founders Ridge Sec 2A
$549,990 $258 3 bd / 2 ba 2,134 sqft , 2026-10-10
560 Darley Oak Drive None
Heritage
$399,303 $207 3 bd / 3 ba 1,931 sqft , 2026-11-06

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
$2,280/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
$94,999
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (assumed ~2.1%)−$831
Insurance (assumed ~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 →

Commute & Employment

Major Employers Near Dripping Springs, TX

Dripping Springs sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Westlake corridor 25 min NE
Downtown Austin 40 min E
Tesla Gigafactory 50 min NE

More Luxury Homes in Dripping Springs

Loading…
View All Luxury Homes →
About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 September 30, 2026.

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

Save this home