Active Listing  ·  153 days on market

1491 Hazy Hills Loop

Dripping Springs, TX 78620
$689,000
3 Bed 3 Bath 2,418 sqft $285/sqft Built 2021 0.24 acres 2-Car Garage Pool Headwaters

Welcome to this move-in ready single-story home in the Headwaters community of Dripping Springs. Filled with natural light and thoughtfully updated throughout, this home offers a comfortable and functional layout with plenty of space to live, work, and entertain.

As you enter, large windows draw your eye to the beautifully landscaped backyard and fill the home with natural light. Two bedrooms are located at the front of the home and share a unique Jack-and-Jill bathroom, making them ideal for family or guests. A flexible bonus room provides space for a home office, playroom, or media room.

The living room features an updated fireplace with custom built-ins and opens to the kitchen and dining areas, creating an easy flow for everyday living. The kitchen offers a large center island, stainless steel appliances, a gas range, and plenty of counter space. Hardwood flooring has been installed throughout the home, replacing all carpet.

Outside, you'll find a private backyard designed for relaxing and gathering with friends and family. The extended patio, custom fire pit area, and updated landscaping make the space easy to enjoy year-round. Situated on a 0.24-acre corner lot—one of the larger lots in the neighborhood—there is also plenty of room to add a pool and room to run and play.

Additional features include epoxy floors and overhead storage in the garage, an electric vehicle charging station, plantation shutters, custom window treatments, upgraded lighting, and a full home water filtration system.

Headwaters residents enjoy access to miles of trails, parks, playgrounds, two community pools, a fitness center, dog park, and business center. HOA dues also include cable and high-speed internet, adding both convenience and value. Located in highly rated Dripping Springs ISD and within walking distance of Wildwood Springs Elementary, this home offers the convenience of community living with the elegance of a modern home.

(Agent is owner of property)

At $285/sqft, this home is 40% 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

1491 Hazy Hills Loop, Dripping Springs, TX 78620

Property Details

Price $689,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,418 sqft
Lot Size 0.24 acres (10,454.4 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Headwaters
County Hays
Zip Code 78620
$/sqft $285/sqft
Days on Market ,
HOA $414/Quarterly
Annual Tax Est. $14,000
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236024078
List Date June 12, 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 →

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 12, 2026 $699,000
Current ask $689,000
▼ Reduced $10,000 (-1.4%) 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
974 Iron Willow Loop
Headwaters at Barton Creek
$689,000 $249 4 bd / 4 ba 2,763 sqft , 2026-09-14
808 Iron Willow Loop
Headwaters at Barton Creek
$699,000 $268 4 bd / 4 ba 2,605 sqft , 2026-09-14
1062 Iron Willow Loop
Headwaters at Barton Creek
$675,000 $258 4 bd / 4 ba 2,618 sqft , 2026-10-29
657 Moonlit Stream Pass
Headwaters At Barton Creek Ph 4 Sec 4
$674,900 $256 4 bd / 4 ba 2,632 sqft , 2026-11-10
1202 Sage Thrasher Cir
Headwaters
$715,000 $276 4 bd / 3 ba 2,589 sqft , 2026-08-12

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
$3,307/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
$137,800
20% conventional investment loan

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

Estimated Gross Rent+$3,307
Principal + Interest−$3,760
Property Tax (assumed ~2.1%)−$1,206
Insurance (assumed ~0.5%)−$287
Est. Monthly Cash Flow $-1,946

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

More Luxury Homes in Dripping Springs

Loading…
View All Luxury Homes →
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 22, 2026.

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

Save this home