Active Listing  ·  101 days on market

140 Delaware Mountains Ter

Dripping Springs, TX 78620
$389,444
3 Bed 3 Bath 2,202 sqft $177/sqft Built 2020 0.10 acres 2-Car Garage Pool Big Sky Ranch Ph 1 At Dripping Spgs

Welcome to Big Sky Ranch, where low-maintenance living meets an unbeatable location in the heart of Dripping Springs. Lovingly maintained by its original owner, this move-in-ready home offers an exceptional value with an aggressive price under $400,000.

The thoughtfully designed floor plan features three bedrooms, two and a half bathrooms, and spacious living areas perfect for everyday living and entertaining. The main level offers an open-concept great room that seamlessly connects the family room, dining area, and kitchen, while the rear-entry garage enhances both curb appeal and functionality.

Upstairs, you’ll find an oversized primary retreat complete with a private walkout balcony, a luxurious ensuite bath featuring dual vanities, a garden soaking tub, separate walk-in shower, and an expansive walk-in closet. A dedicated tech center provides the perfect space for a home office, homework station, or creative workspace. The second living area is ideal as a media room, game room, or flex space, while two generously sized secondary bedrooms provide plenty of room for family or guests.

Residents of Big Sky Ranch enjoy outstanding community amenities, including a neighborhood pool, and one of the area’s most desirable locations. Situated adjacent to Founders Memorial Park and just minutes from Highways 12 and 290, you’ll have easy access to shopping, dining, entertainment, and the charm of historic Mercer Street, all while enjoying the award-winning Dripping Springs lifestyle. Residents attend highly coveted Dripping Springs ISD.

At $177/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

140 Delaware Mountains Ter, Dripping Springs, TX 78620

Property Details

Price $389,444
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,202 sqft
Lot Size 0.10 acres (4,138.2 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Big Sky Ranch Ph 1 At Dripping Spgs
County Hays
Zip Code 78620
$/sqft $177/sqft
Days on Market ,
HOA $45/Monthly
Annual Tax Est. $7,751.86
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242081857
List Date August 3, 2026
Elementary School WildwoodSprings
Middle School Dripping Springs Middle
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

WildwoodSprings · 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 →

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
176 Dome Peak Ter
Big Sky Ranch Ph 1 At Dripping Spgs
$385,000 $234 3 bd / 2 ba 1,644 sqft , 2026-10-23
162 El Capitan Loop
Big Sky Ranch Ph 3 At Dripping Spgs
$399,000 $232 4 bd / 2 ba 1,720 sqft , 2026-08-23
144 El Capitan Loop
Big Sky Ranch Ph 3 At Dripping Spgs
$379,000 $251 3 bd / 2 ba 1,510 sqft , 2026-06-06
132 Heritage Forest Pkwy
Heritage
$399,990 $175 4 bd / 3 ba 2,289 sqft , 2026-10-29
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

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
$1,869/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
$77,889
20% conventional investment loan

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

Estimated Gross Rent+$1,869
Principal + Interest−$2,125
Property Tax (assumed ~2.1%)−$682
Insurance (assumed ~0.5%)−$162
Est. Monthly Cash Flow $-1,100

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 12, 2026.

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

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