Active Listing  ·  159 days on market

144 El Capitan Loop

Dripping Springs, TX 78620
$379,000
3 Bed 2 Bath 1,510 sqft $251/sqft Built 2023 0.12 acres 2-Car Garage Pool Big Sky Ranch Ph 3 At Dripping Spgs

$50K in upgrades. Best-priced single-story in Big Sky Ranch. This is the one.

This immaculately maintained 3-bed, 2-bath home offers everything new construction promises — and everything it can't deliver. A fully built-out backyard with covered patio, custom paver walkway, hot tub (conveys), and privacy trees already growing in. Solar panels that start saving you money on day one. All of it move-in ready at $389,000 — while brand new builds nearby are selling for more with none of the extras.

Inside, 1,507 sq ft of smart single-story living with a stone exterior and attached garage. No wasted space. No builder upgrades to negotiate.

And the location? Steps from the community pool and zoned to the brand new Wildwood Springs Elementary school in highly rated Dripping Springs ISD — one of the most sought-after school districts in Central Texas.

Big Sky Ranch is still growing — but the best deal in the neighborhood won't wait.

At $251/sqft, this home is 47% 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

144 El Capitan Loop, Dripping Springs, TX 78620

Property Details

Price $379,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,510 sqft
Lot Size 0.12 acres (5,401.44 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Big Sky Ranch Ph 3 At Dripping Spgs
County Hays
Zip Code 78620
$/sqft $251/sqft
Days on Market ,
HOA $45/Monthly
Annual Tax Est. $6,810.04
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232886255
List Date June 6, 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.

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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 6, 2026 $400,000
Previous ask $389,000
Current ask $379,000
▼ Reduced $21,000 (-5.3%) 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
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
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
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
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
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
$1,819/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
$75,800
20% conventional investment loan

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

Estimated Gross Rent+$1,819
Principal + Interest−$2,068
Property Tax (assumed ~2.1%)−$663
Insurance (assumed ~0.5%)−$158
Est. Monthly Cash Flow $-1,070

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 October 11, 2026.

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

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