Active Listing  ·  120 days on market

160 Ranier Way

Dripping Springs, TX 78620
$509,841
4 Bed 4 Bath 2,653 sqft $192/sqft Built 2026 0.12 acres 2-Car Garage Pool New Construction Cannon Ranch Ph 2
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About This Home

Enjoy the convenience and flow of the Granbury’s open-concept kitchen and dining space, designed for easy living and entertaining. The first-floor primary suite is a retreat, featuring a spacious walk-in shower and a generously sized walk-in closet for ultimate comfort and organization. A private study offers the perfect setting for focused work or quiet relaxation. Step outside to the covered outdoor patio, an ideal space for relaxing or hosting gatherings while enjoying the outdoors.

At $192/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

160 Ranier Way, Dripping Springs, TX 78620

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Property Details

Price $509,841
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,653 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 Ph 2
County Hays
Zip Code 78620
$/sqft $192/sqft
Days on Market ,
HOA $43/Monthly
Annual Tax Est. $781.53
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT239974034
List Date July 15, 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 · July 15, 2026 $526,841
Current ask $509,841
▼ Reduced $17,000 (-3.2%) 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
152 Ranier Way
Cannon Ranch $494,938 $219 4 bd / 4 ba 2,260 sqft , 2026-06-23
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
221 Bush Mountain Cv
Big Sky Ranch $539,990 $232 4 bd / 3 ba 2,332 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
$2,447/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
$101,968
20% conventional investment loan

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

Estimated Gross Rent+$2,447
Principal + Interest−$2,782
Property Tax (assumed ~2.1%)−$892
Insurance (assumed ~0.5%)−$212
Est. Monthly Cash Flow $-1,439

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 September 9, 2026.

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

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