Active Listing  ·  1 day on market

223 FORT SUMNER St

Dripping Springs, TX 78620
$734,900
3 Bed 4 Bath 2,615 sqft $281/sqft Built 2018 0.84 acres 3-Car Garage Pool Poundhouse Hills Sec 2

Experience refined Hill Country living in this beautifully appointed custom home in prestigious Legacy Trails, just 23 miles from downtown Austin. Situated on nearly 1 acre of a picturesque wooded lot, this 2,768-square-foot residence showcases an exceptional open floorplan, light-filled interiors, soaring two-story living room ceilings, and elegant finishes throughout. The gourmet island kitchen features quartz countertops, stainless steel appliances, floor-to-ceiling cabinetry, and a generous buffet serving area, creating the perfect setting for entertaining. Every bedroom offers a walk-in closet, while the upstairs game room provides additional living and recreation space. Step outside to your private resort-style retreat featuring an amazing pool and spa, surrounded by Texas native landscaping, gorgeous territorial views, and breathtaking morning sunrises. With ample space to accommodate an RV and endless possibilities for outdoor enhancements, this property invites you to create your own personal oasis. Enjoy the peaceful setting while remaining minutes from Dripping Springs’ charming boutiques, acclaimed eateries, breweries, schools, and community amenities. A rare opportunity to embrace luxury, privacy, and the quintessential Texas Hill Country lifestyle!

At $281/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

223 FORT SUMNER St, Dripping Springs, TX 78620

Property Details

Price $734,900
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,615 sqft
Lot Size 0.84 acres (36,590.4 sqft)
Year Built 2018
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Poundhouse Hills Sec 2
County Hays
Zip Code 78620
$/sqft $281/sqft
Days on Market ,
HOA $15/Monthly
Annual Tax Est. $13,412.65
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT252376525
List Date November 11, 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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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
168 Osage Ct
Founders Ridge Sec 1
$700,000 $252 4 bd / 5 ba 2,781 sqft , 2026-10-14
315 Hays St
W T Chapman #3
$850,000 $440 4 bd / 3 ba 1,933 sqft , 2026-07-13
533 Founders Rdg
Founders Ridge Sec 2A
$619,000 $198 4 bd / 3 ba 3,124 sqft , 2026-10-21
167 Darley Oak Dr
Heritage Dripping Spgs Ph1
$585,000 $194 4 bd / 4 ba 3,012 sqft , 2026-09-17
121 Bishop Wood Road None
Heritage
$574,400 $197 4 bd / 4 ba 2,912 sqft , 2026-06-25

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
$3,528/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
$146,980
20% conventional investment loan

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

Estimated Gross Rent+$3,528
Principal + Interest−$4,011
Property Tax (assumed ~2.1%)−$1,286
Insurance (assumed ~0.5%)−$306
Est. Monthly Cash Flow $-2,075

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 12, 2026.

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

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