Active Listing  ·  56 days on market

167 Darley Oak Dr

Dripping Springs, TX 78620
$585,000
4 Bed 4 Bath 3,012 sqft $194/sqft Built 2025 0.13 acres 2-Car Garage Pool Heritage Dripping Spgs Ph1

Thoughtfully designed with spacious living areas and functional upgrades throughout, this 4-bedroom, 3.5-bath home offers an inviting layout in the heart of Dripping Springs. Soaring ceilings and abundant natural light create an airy feel in the main living area, where vinyl plank flooring flows throughout the open-concept living, dining, and kitchen spaces. The kitchen is designed for both everyday living and entertaining, featuring a large center island, quartz countertops, farmhouse sink, gas cooktop, wall oven, and plenty of workspace, all overlooking the living and dining areas. The primary suite is conveniently located on the main floor and features a spa-like ensuite bath with a double vanity, soaking tub, walk-in shower, and generous walk-in closet. A dedicated home office has been enhanced with custom built-in cabinetry and shelving, while the mudroom and laundry room offer additional built-in storage. Upstairs, a spacious second living area provides flexibility for a game room, media room, or additional lounge space alongside the secondary bedrooms. Outside, a covered patio extends the living space into the private, fenced backyard, complete with raised garden beds. Additional upgrades include a garage storage system and a 4-circuit manual transfer switch for a generator. Located in the Heritage neighborhood, residents enjoy access to an amenity center, community pool, pickleball courts, and playscape, all within a convenient Dripping Springs location close to the high school, local dining, shopping, and everyday essentials.

At $194/sqft, this home is 59% 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

167 Darley Oak Dr, Dripping Springs, TX 78620

Property Details

Price $585,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,012 sqft
Lot Size 0.13 acres (5,749.92 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Heritage Dripping Spgs Ph1
County Hays
Zip Code 78620
$/sqft $194/sqft
Days on Market ,
HOA $50/Monthly
Annual Tax Est. $7,291.84
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246855776
List Date September 17, 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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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 · September 17, 2026 $599,999
Current ask $585,000
▼ Reduced $14,999 (-2.5%) 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
121 Bishop Wood Road None
Heritage
$574,400 $197 4 bd / 4 ba 2,912 sqft , 2026-06-25
531 Darley Oak Drive None
Heritage
$564,833 $195 5 bd / 3 ba 2,903 sqft , 2026-06-25
533 Founders Rdg
Founders Ridge Sec 2A
$619,000 $198 4 bd / 3 ba 3,124 sqft , 2026-10-21
246 S Sage Holw
Founders Ridge Sec 2A
$549,990 $258 3 bd / 2 ba 2,134 sqft , 2026-10-10
264 N Sage Holw
Founders Ridge Sec 1
$547,000 $266 4 bd / 3 ba 2,054 sqft , 2026-07-31

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
$2,808/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
$117,000
20% conventional investment loan

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

Estimated Gross Rent+$2,808
Principal + Interest−$3,193
Property Tax (assumed ~2.1%)−$1,024
Insurance (assumed ~0.5%)−$244
Est. Monthly Cash Flow $-1,653

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 22, 2026.

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

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