Active Listing  ·  141 days on market

121 Jagged Iron Trce

Dripping Springs, TX 78620
$529,485
3 Bed 2 Bath 2,189 sqft $242/sqft Built 2026 0.14 acres 2-Car Garage Pool Village Grove

What's Special: Close to Park | First Floor Primary Suite | Single Level Living | Dedicated Study. New Construction – December Completion! Built by Taylor Morrison, America's Most Trusted Home Builder. Welcome to the Guadalupe at 121 Jagged Iron Trace in Village Grove! Step into a beautifully designed home where comfort and elegance blend effortlessly. The open great room, dining area, and kitchen create a bright, welcoming space, complete with a generous island, walk-in pantry, and easy flow to a covered patio for relaxing evenings. A private primary suite offers a peaceful retreat with a spa-inspired bath and spacious walk-in closet. Thoughtfully placed secondary bedrooms, a front bedroom with nearby bath, and a charming study provide flexibility for guests, work, or hobbies. Everyday living feels seamless with a convenient laundry room, drop zone, and abundant storage. A cozy front porch and two car garage complete this warm and inviting home. Welcome to the laid-back charm of Village Grove in Dripping Springs, TX, ranked among the top small towns in Central Texas and just 25 miles from Downtown Austin! Living here puts you steps away from the City's Sports and Recreation Park, where you can hit the trails, shoot some hoops, and have a picnic. With low maintenance yards, this community is a place to plant roots and grow into a home of your own. Additional Highlights Include: Upgraded front door and pendant lights over kitchen island.

At $242/sqft, this home is 49% 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

121 Jagged Iron Trce, Dripping Springs, TX 78620

Property Details

Price $529,485
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,189 sqft
Lot Size 0.14 acres (5,998.21 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Village Grove
County Hays
Zip Code 78620
$/sqft $242/sqft
Days on Market ,
HOA $270/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237494688
List Date June 24, 2026
Elementary School Dripping Springs
Middle School Dripping Springs Middle
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Dripping 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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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 · June 24, 2026 $548,165
Previous ask $512,990
Current ask $529,485
▼ Reduced $18,680 (-3.4%) 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
221 Bush Mountain Cv
Big Sky Ranch
$539,990 $232 4 bd / 3 ba 2,332 sqft , 2026-08-12
160 Ranier Way
Cannon Ranch Ph 2
$509,841 $192 4 bd / 4 ba 2,653 sqft , 2026-07-15
169 Jagged Iron Trce
Village Grove
$549,990 $217 4 bd / 3 ba 2,540 sqft , 2026-05-19
152 Ranier Way
Cannon Ranch
$494,938 $219 4 bd / 4 ba 2,260 sqft , 2026-06-23
255 Bush Mountain Cv
Big Sky Ranch
$564,990 $206 4 bd / 3 ba 2,740 sqft , 2026-10-01

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
$2,542/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
$105,897
20% conventional investment loan

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

Estimated Gross Rent+$2,542
Principal + Interest−$2,890
Property Tax (assumed ~2.1%)−$927
Insurance (assumed ~0.5%)−$221
Est. Monthly Cash Flow $-1,496

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 3, 2026.

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

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