Active Listing  ·  81 days on market

162 El Capitan Loop

Dripping Springs, TX 78620
$399,000
4 Bed 2 Bath 1,720 sqft $232/sqft Built 2023 0.13 acres 2-Car Garage Pool Big Sky Ranch Ph 3 At Dripping Spgs

El Capitan Loop | Dripping Springs, TX Modern Organic Living in Big Sky Ranch Step into this coveted single story residence where clean lines meet Hill Country tranquility. This home showcases a sophisticated modern aesthetic, defined by a crisp white palette, natural wood-style flooring, and an abundance of organic light. Interior Highlights: Chef’s Kitchen: The heart of the home features a granite island with breakfast bar seating, sleek white shaker cabinetry, and a designer hexagonal tile backsplash. Primary Retreat: A true sanctuary highlighted by a tray ceiling and a dramatic bay window wall. The ensuite bath features a double vanity with a sleek glass-enclosed walk-in shower and an oversized walk-in closet with ample built-in storage. Open Concept: The kitchen flows seamlessly into a spacious living area, characterized by a clean, minimalist energy. Outdoor Living & Amenities: Covered Patio: Extend your living space outdoors to a deep, covered porch—perfect for evening grilling and lounging at sunset. Green Space: The backyard offers a lush lawn & wood fencing for privacy providing a serene "lock-and-leave" lifestyle. Thoughtful Details: From the modern matte hardware to the recessed lighting , every corner of this home feels intentional and high end. The Location: Perfectly positioned in Dripping Springs, you are minutes from acclaimed local schools and the vibrant heart of the city, all while enjoying the quiet, scenic backdrop of Big Sky Refined. Modern. Move-in Ready.

At $232/sqft, this home is 51% 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

162 El Capitan Loop, Dripping Springs, TX 78620

Property Details

Price $399,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,720 sqft
Lot Size 0.13 acres (5,793.48 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 $232/sqft
Days on Market ,
HOA $45/Monthly
Annual Tax Est. $7,274.25
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244406472
List Date August 23, 2026
Elementary School Dripping Springs
Middle School Dripping Springs Middle
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Dripping Springs · 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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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
140 Delaware Mountains Ter
Big Sky Ranch Ph 1 At Dripping Spgs
$389,444 $177 3 bd / 3 ba 2,202 sqft , 2026-08-03
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
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
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
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

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (assumed ~2.1%)−$698
Insurance (assumed ~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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 August 24, 2026.

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

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