Active Listing  ·  164 days on market

2016 Hidden Hills Dr

Dripping Springs, TX 78620
$725,000
4 Bed 2 Bath 1,937 sqft $374/sqft Built 2002 2.60 acres 2-Car Garage Pool Sunset Canyon Sec 1

Enter into a blend of Hill Country tranquility and city convenience on this 2.6 fully fenced, wooded acres with mature trees in Dripping Springs. This 2002, 4 bedroom, 2 bath home provides 1937 square feet of comfortable living space in an upscale community, and is thoughtfully maintained inside a private electronic gate. This rare property offers the best of both worlds—private acreage living with unmatched convenience.

Recent updates include a renovated kitchen featuring quartz countertops and a custom island, fresh interior and exterior paint, and generous storage throughout. A newly refurbished deck creates an inviting space to enjoy the surrounding landscape and evening sunsets, while refreshed landscaping enhances the property's natural appeal. The roof was replaced in 2023.

The acreage offers privacy and room to enjoy the outdoors, including a firepit area nestled among mature trees. An additional climate-controlled building with power provides flexible space for a home office, gym, workshop, or potential future conversion, and a separate storage shed offers added functionality. The existing well has no original documents nor maintenance available.

Located just minutes from shopping, dining, entertainment, and highly regarded Dripping Springs schools, this property combines the benefits of country living with the convenience of nearby services.

At $374/sqft, this home is 21% 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

2016 Hidden Hills Dr, Dripping Springs, TX 78620

Property Details

Price $725,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,937 sqft
Lot Size 2.60 acres (113,256 sqft)
Year Built 2002
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sunset Canyon Sec 1
County Hays
Zip Code 78620
$/sqft $374/sqft
Days on Market ,
HOA $35/Annually
Annual Tax Est. $12,101.51
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232090111
List Date June 1, 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 · June 1, 2026 $775,000
Previous ask $740,000
Current ask $725,000
▼ Reduced $50,000 (-6.5%) 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
253 Iron Willow Loop
Headwaters at Barton Creek
$750,000 $310 4 bd / 3 ba 2,421 sqft , 2026-09-21
808 Iron Willow Loop
Headwaters at Barton Creek
$699,000 $268 4 bd / 4 ba 2,605 sqft , 2026-09-14

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
$3,480/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
$145,000
20% conventional investment loan

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

Estimated Gross Rent+$3,480
Principal + Interest−$3,957
Property Tax (assumed ~2.1%)−$1,269
Insurance (assumed ~0.5%)−$302
Est. Monthly Cash Flow $-2,048

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 9, 2026.

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

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