Active Listing  ·  34 days on market

1141 Lucca Dr #53

Dripping Springs, TX 78620
$449,000
4 Bed 4 Bath 2,528 sqft $178/sqft Built 2021 2-Car Garage Pool The Retreat At Dripping Springs

Welcome home to refined Hill Country living in the gated enclave of The Retreat at Dripping Springs, featuring an FHA assumable loan for qualified buyers. Built by Brookfield Residential in 2021, this modern farmhouse-style detached condominium pairs timeless design with low-maintenance convenience. Offering approximately 2,528 square feet, the thoughtfully designed floor plan features 4 bedrooms, 3.5 baths, 2 living areas, 1 dining area, and an attached 2-car garage with soaring ceiling height for exceptional overhead storage. A charming covered front porch and wraparound patio create an inviting outdoor retreat, while the yard offers space for pets, gardening, or relaxation. Inside, abundant natural light highlights the open-concept layout, tall ceilings, and elevated finishes. The spacious family room flows into the dining area and chef-inspired kitchen, complete with designer tile backsplash, dramatic waterfall island, luxury vinyl plank flooring, water softener, abundant cabinetry, and generous prep space. The first-floor primary suite is a peaceful sanctuary with dual vanities, oversized walk-in shower, and impressive walk-in closet. Upstairs, a spacious game room, large fourth bedroom, full third bath, and walk-in storage closet offer flexibility for guests, hobbies, or working from home. With only 70 residences and a monthly HOA fee of just $315, this intimate community offers resort-style amenities including a sparkling pool with tanning ledge, relaxing spa, shaded dining pavilion with grill, fire pit, lounge seating, and convenient restrooms. Ideally located within walking distance of Dripping Springs High School and charming downtown Dripping Springs, the home offers easy access to local restaurants, boutiques, breweries, and community events. Experience the perfect balance of privacy, convenience, and Hill Country lifestyle. Enjoy lock-and-leave ease without sacrificing the warmth and character of a true home in a private neighborhood for relaxed living.

At $178/sqft, this home is 63% 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

1141 Lucca Dr #53, Dripping Springs, TX 78620

Property Details

Price $449,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,528 sqft
Lot Size ,
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision The Retreat At Dripping Springs
County Hays
Zip Code 78620
$/sqft $178/sqft
Days on Market ,
HOA $315/Monthly
Annual Tax Est. $8,791.71
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242137483
List Date October 9, 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.

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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
184 Bishop Wood Rd
Heritage
$454,990 $187 4 bd / 3 ba 2,434 sqft , 2026-09-09
280 Bishop Wood Rd
Heritage
$459,990 $188 4 bd / 3 ba 2,441 sqft , 2026-09-09
159 Mount Locke Rd
Big Sky Ranch Ph 1 At Dripping Spgs
$410,000 $220 3 bd / 2 ba 1,867 sqft , 2026-09-18
550 Darley Oak Drive None
Heritage
$494,509 $188 4 bd / 4 ba 2,628 sqft , 2026-10-22

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
$2,155/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
$89,800
20% conventional investment loan

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

Estimated Gross Rent+$2,155
Principal + Interest−$2,450
Property Tax (assumed ~2.1%)−$786
Insurance (assumed ~0.5%)−$187
Est. Monthly Cash Flow $-1,268

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

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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 November 8, 2026.

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

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