Active Listing  ·  15 days on market

170 Bunker Ranch Blvd #16

Dripping Springs, TX 78620
$489,900
3 Bed 2 Bath 1,862 sqft $263/sqft Built 2021 2-Car Garage Pool Bunker Ranch 5 Condo

Enjoy low-maintenance living in this gated Dripping Springs community, where the HOA covers lawn care and septic maintenance. This thoughtfully designed one-story home offers 3 bedrooms, 2 bathrooms, an open-concept layout, soaring ceilings, and abundant natural light. The kitchen features quartz countertops, a large center island, stainless steel appliances, a gas range, and a walk-in pantry. The spacious primary suite includes a soaking tub, separate walk-in shower, and dual vanities. Additional features include tile flooring, a fireplace, ceiling fans, a full sprinkler system, and an attached two-car garage. Residents can enjoy neighborhood jogging and biking trails. Conveniently located in the Hill Country, this lock-and-leave home offers a comfortable option for busy professionals, frequent travelers, or anyone seeking less home maintenance.

At $263/sqft, this home is 45% 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

170 Bunker Ranch Blvd #16, Dripping Springs, TX 78620

Property Details

Price $489,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,862 sqft
Lot Size ,
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Bunker Ranch 5 Condo
County Hays
Zip Code 78620
$/sqft $263/sqft
Days on Market ,
HOA $225/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251075881
List Date October 28, 2026
Elementary School Walnut Springs
Middle School Dripping Springs Middle
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Walnut 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
170 Bunker Ranch Blvd #42
Bunker Ranch 5 Condo
$519,900 $280 3 bd / 2 ba 1,859 sqft , 2026-11-03

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
$2,352/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
$97,980
20% conventional investment loan

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

Estimated Gross Rent+$2,352
Principal + Interest−$2,674
Property Tax (assumed ~2.1%)−$857
Insurance (assumed ~0.5%)−$204
Est. Monthly Cash Flow $-1,383

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 29, 2026.

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

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