Active Listing  ·  14 days on market

134 Olympia Bnd

Dripping Springs, TX 78620
$367,990
4 Bed 3 Bath 1,954 sqft $188/sqft Built 2027 0.07 acres 2-Car Garage Pool Village Grove

What's Special: 2nd Floor Laundry Room | Covered Patio | Gourmet Kitchen | Game Room. New Construction – March Completion! Built by Taylor Morrison, America's Most Trusted Home Builder. Welcome to the Kestrel at 134 Olympia Bend in Village Grove! A bright and thoughtfully designed four-bedroom, two-and-one-half-bath home featuring an inviting open-concept layout perfect for everyday living and entertaining. The spacious kitchen with a large island flows seamlessly into the dining area and great room, creating a warm gathering space filled with natural light. Upstairs, the private primary suite offers a relaxing retreat with a spa-inspired bath and generous walk-in closet, while three secondary bedrooms, a versatile game room, and a convenient laundry room provide comfort and flexibility. Enjoy quiet mornings on the covered patio and the ease of a two-car garage with additional storage. 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, pendant lights over kitchen island, exterior gas line, and whole house blinds. Photos are for representative purposes only.

At $188/sqft, this home is 60% 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

134 Olympia Bnd, Dripping Springs, TX 78620

Property Details

Price $367,990
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 1,954 sqft
Lot Size 0.07 acres (3,201.66 sqft)
Year Built 2027
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Village Grove
County Hays
Zip Code 78620
$/sqft $188/sqft
Days on Market ,
HOA $270/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251227909
List Date October 29, 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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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
150 Olympia Bnd
Village Grove
$364,455 $194 3 bd / 3 ba 1,876 sqft , 2026-06-11
324 Delaware Mountains Ter
Big Sky Ranch Ph 2 At Dripping Spgs
$363,000 $193 3 bd / 3 ba 1,884 sqft , 2026-05-09
125 Olympia Bnd
Village Grove
$357,990 $183 4 bd / 3 ba 1,954 sqft , 2026-10-29
140 Delaware Mountains Ter
Big Sky Ranch Ph 1 At Dripping Spgs
$389,444 $177 3 bd / 3 ba 2,202 sqft , 2026-08-03
131 Crater Lake Dr
Cannon Ranch
$470,050 $271 4 bd / 2 ba 1,735 sqft , 2026-11-04

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
$1,766/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
$73,598
20% conventional investment loan

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

Estimated Gross Rent+$1,766
Principal + Interest−$2,008
Property Tax (assumed ~2.1%)−$644
Insurance (assumed ~0.5%)−$153
Est. Monthly Cash Flow $-1,039

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 11, 2026.

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

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