Active Listing  ·  112 days on market

175 Goshen Dr

Dripping Springs, TX 78620
$650,000
4 Bed 4 Bath 2,785 sqft $233/sqft Built 2021 0.23 acres 3-Car Garage Pool Arrowhead Ranch Ph 3

Better than new in gated Arrowhead Ranch, this upgraded M/I Homes Belmont II backs to a large, tree-filled greenbelt with privacy, shade, and room for a pool. The west-facing front helps keep the backyard and large flagstone patio out of the hottest afternoon sun, making it a great place to grill, relax, or watch the kids and dogs run around. There is even a producing peach tree already in place.

Inside, the layout is comfortable, open, and built for real life. The large kitchen island gives everyone room to gather, with natural matte alder cabinets, Level 4 granite countertops, and natural gas cooking. The main living area includes a corner gas-log fireplace, while a dedicated office, private guest suite with ensuite bath, and large upstairs game room give everyone space to spread out. The primary bath includes a soaking tub, and the home also features in-ceiling speakers and a dedicated networking rack.

The true three-car garage offers plenty of room for vehicles, tools, bikes, and outdoor gear. The home is hardwired for a generator with a transfer switch, includes a natural gas connection for the generator, a separate gas stub for the grill, and a whole-house surge protector. It has also been pre-inspected, with most repairs already completed.

Arrowhead Ranch offers the kind of Dripping Springs lifestyle people move here for, with a gated entrance, a neighborhood pool, miles of trails, Onion Creek access, and plenty of Hill Country scenery. Dripping Springs elementary, middle, and high schools are all just minutes away, while Austin, ABIA, local parks, hiking, breweries, wineries, and Hill Country day trips are within easy reach. Spend the morning on the trail, the afternoon by the creek, or head west for live music and a cold drink in Luckenbach.

At $233/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

175 Goshen Dr, Dripping Springs, TX 78620

Property Details

Price $650,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,785 sqft
Lot Size 0.23 acres (10,044.94 sqft)
Year Built 2021
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Arrowhead Ranch Ph 3
County Hays
Zip Code 78620
$/sqft $233/sqft
Days on Market ,
HOA $240/Quarterly
Annual Tax Est. $8,814.85
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241007848
List Date July 23, 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
418 Quartz Dr
Arrowhead Ranch Ph 1
$599,000 $231 4 bd / 3 ba 2,589 sqft , 2026-06-12
1130 Arrowhead Ranch Blvd
Arrowhead Ranch Ph 4
$574,999 $213 4 bd / 3 ba 2,699 sqft , 2026-10-27
207 Meadow Oaks Dr
Meadow Oaks Ph I
$549,000 $284 3 bd / 2 ba 1,931 sqft , 2026-08-13
409 Shadywood Ln
Meadow Oaks Phase I
$545,000 $272 4 bd / 2 ba 2,004 sqft , 2026-10-22
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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (assumed ~2.1%)−$1,138
Insurance (assumed ~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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 26, 2026.

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

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