Active Listing  ·  142 days on market

152 Ranier Way

Dripping Springs, TX 78620
$494,938
4 Bed 4 Bath 2,260 sqft $219/sqft Built 2026 0.12 acres 2-Car Garage Pool New Construction Cannon Ranch
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About This Home

NEW CONSTRUCTION BY ASHTON WOODS! Available Sept 2026! Light and life flow throughout the Canyon’s open-concept home, creating a warm and inviting atmosphere. Enjoy your morning coffee at the large kitchen island, which seamlessly connects to the family room. Have lunch on the private covered outdoor patio, perfect for outdoor relaxation. Later, entertain guests in the spacious two-story family room, featuring picturesque sunlit windows that fill the space with natural light.

At $219/sqft, this home is 54% 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

152 Ranier Way, Dripping Springs, TX 78620

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Property Details

Price $494,938
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,260 sqft
Lot Size 0.12 acres (5,227.2 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cannon Ranch
County Hays
Zip Code 78620
$/sqft $219/sqft
Days on Market ,
HOA $43/Monthly
Annual Tax Est. $782
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT237355954
List Date June 23, 2026
Elementary School WildwoodSprings
Middle School Dripping Springs Middle
High School Dripping Springs
School District Dripping Springs ISD

School District

Dripping Springs ISD

WildwoodSprings · Dripping Springs Middle · Dripping Springs

Have Questions About This Property?

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 23, 2026 $497,938
Current ask $494,938
▼ Reduced $3,000 (-0.6%) 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
318 Victoria Peak Loop
Big Sky Ranch Ph 2 At Dripping Spgs $499,900 $173 5 bd / 4 ba 2,887 sqft , 2026-11-05
160 Ranier Way
Cannon Ranch Ph 2 $509,841 $192 4 bd / 4 ba 2,653 sqft , 2026-07-15
131 Crater Lake Dr
Cannon Ranch $470,050 $271 4 bd / 2 ba 1,735 sqft , 2026-11-04
111 Sacred Fig Road None
Heritage $524,974 $182 5 bd / 4 ba 2,881 sqft , 2026-05-01
121 Jagged Iron Trce
Village Grove $529,485 $242 3 bd / 2 ba 2,189 sqft , 2026-06-24

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
$2,376/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
$98,988
20% conventional investment loan

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

Estimated Gross Rent+$2,376
Principal + Interest−$2,701
Property Tax (assumed ~2.1%)−$866
Insurance (assumed ~0.5%)−$206
Est. Monthly Cash Flow $-1,397

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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Austin Luxury Homes Sell a Luxury Home Homes with Pool Sell Home Over $2M Investment Properties Rental Properties 1031 Exchange Austin BRRRR Method Austin Austin Market Report Contact Luke Allen
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 27, 2026.

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

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