Active Listing  ·  9 days on market

170 Bunker Ranch Blvd #42

Dripping Springs, TX 78620
$519,900
3 Bed 2 Bath 1,859 sqft $280/sqft Built 2021 0.12 acres 2-Car Garage Pool Bunker Ranch 5 Condo

Immaculate, beautifully upgraded and exceptionally well cared for, this single-story home in gated Bunker Ranch offers a rare combination of Hill Country privacy, low-maintenance living and convenient access to Dripping Springs and Austin. Green space behind the home and open space across the street provide limited neighbors, peaceful views and exceptional privacy.

Inside, the thoughtfully designed home features wood flooring, 10-foot ceilings throughout and approximately 14-foot ceilings in the living and dining areas, creating a bright, spacious feel. The gourmet kitchen features beautiful cabinetry, a custom wood vent hood, generous workspace and an open connection to the living areas. A handsome wood fireplace mantle, wainscoting and ten custom 4-inch plantation shutters add warmth and character.

Outdoor living is equally impressive. An extended covered and enclosed patio with dual ceiling fans and roll-down shades creates a wonderful entertaining and relaxation space. Premium artificial turf extends through the rear and side yards with a 3-hole putting area, thoughtful landscaping and a private sitting area overlooking the green space.

Additional upgrades include a full security system, interior water system, epoxy garage floor and overhead storage. The HOA maintains the front landscaping, adding to the easy-care, lock-and-leave appeal.

Located in desirable Dripping Springs ISD and minutes from the heart of Dripping Springs, shopping, dining and US-290, the home offers convenient Austin access while retaining the quiet Hill Country lifestyle Bunker Ranch is known for. Gated access and neighborhood trails complete the setting.

This is not simply another home in The Cottages—it is a special location where privacy, upgrades, exceptional condition and thoughtful design come together. Truly move-in ready and a must-see.

At $280/sqft, this home is 41% 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 #42, Dripping Springs, TX 78620

Property Details

Price $519,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,859 sqft
Lot Size 0.12 acres (5,227.2 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Bunker Ranch 5 Condo
County Hays
Zip Code 78620
$/sqft $280/sqft
Days on Market ,
HOA $225/Monthly
Annual Tax Est. $8,970.38
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251635581
List Date November 3, 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.

Schedule a Call →

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 #16
Bunker Ranch 5 Condo
$489,900 $263 3 bd / 2 ba 1,862 sqft , 2026-10-28

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
$2,496/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
$103,980
20% conventional investment loan

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

Estimated Gross Rent+$2,496
Principal + Interest−$2,837
Property Tax (assumed ~2.1%)−$910
Insurance (assumed ~0.5%)−$217
Est. Monthly Cash Flow $-1,468

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 November 8, 2026.

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

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