Active Listing  ·  20 days on market

176 Dome Peak Ter

Dripping Springs, TX 78620
$385,000
3 Bed 2 Bath 1,644 sqft $234/sqft Built 2020 0.12 acres 2-Car Garage Pool Big Sky Ranch Ph 1 At Dripping Spgs

Enjoy the best of Dripping Springs living with a home that offers modern comfort, minimal maintenance, and an exceptional location! Lightly lived in and well maintained, this 1,644 square foot single story home in desirable Big Sky Ranch was built in 2020 by Meritage Homes and features the popular Brazos floor plan. With three bedrooms, two bathrooms, and a thoughtfully designed layout, this home offers the convenience of newer construction, wonderful neighborhood amenities, and easy access to everything that makes Dripping Springs special. The attractive stone and Hardi exterior complements a bright, open interior featuring high ceilings throughout, luxury vinyl plank flooring in the main living areas, and a seamless connection between the kitchen, dining, and living spaces. The well appointed kitchen features stainless steel Whirlpool appliances, a walk in pantry, and plenty of room for everyday living and entertaining. A separate flex room with French doors provides the option of a dedicated office or formal dining room, while an additional pocket office offers a convenient workspace. The primary suite is privately situated from the secondary bedrooms and features an ensuite bath. Two additional bedrooms provide flexibility for guests or family. Outside, enjoy a fenced backyard with trees, plus an attached two car garage. Big Sky Ranch offers 48 acres of parkland, a 3.1 acre amenity center with a community pool, splash pad, playground, green spaces, and walking trails connecting to adjacent Founders Memorial Park. Conveniently located near downtown Dripping Springs, local restaurants, shopping, parks, schools, and Highway 290, this property offers an opportunity to enjoy the Hill Country lifestyle without sacrificing everyday convenience. **Buyer and Buyer's Agent are responsible for conducting all due diligence and verifying all information, including but not limited to property condition, zoning, permits, taxes, and square footage.**

At $234/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

176 Dome Peak Ter, Dripping Springs, TX 78620

Property Details

Price $385,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,644 sqft
Lot Size 0.12 acres (5,401.44 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Big Sky Ranch Ph 1 At Dripping Spgs
County Hays
Zip Code 78620
$/sqft $234/sqft
Days on Market ,
HOA $45/Monthly
Annual Tax Est. $6,457.7
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246301678
List Date October 23, 2026
Elementary School WildwoodSprings
Middle School Dripping Springs Middle
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

WildwoodSprings · 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
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
1108 Lucca Dr #3
The Retreat At Dripping Spgs
$399,000 $221 3 bd / 3 ba 1,806 sqft , 2026-05-29
162 El Capitan Loop
Big Sky Ranch Ph 3 At Dripping Spgs
$399,000 $232 4 bd / 2 ba 1,720 sqft , 2026-08-23
560 Darley Oak Drive None
Heritage
$399,303 $207 3 bd / 3 ba 1,931 sqft , 2026-11-06

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
$1,848/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
$77,000
20% conventional investment loan

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

Estimated Gross Rent+$1,848
Principal + Interest−$2,101
Property Tax (assumed ~2.1%)−$674
Insurance (assumed ~0.5%)−$160
Est. Monthly Cash Flow $-1,087

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 3, 2026.

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

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