Active Listing  ·  148 days on market

237 Moonlit Stream Pass

Dripping Springs, TX 78620
$595,000
4 Bed 3 Bath 2,847 sqft $209/sqft Built 2022 0.16 acres 2-Car Garage Pool Headwaters At Barton Creek Ph 4 Sec 4

If Privacy is important, this is the home for you! Wooded greenspace is viewed from your oversized covered patio. The Master planned Headwaters at Barton Creek offers optimum amenities to appeal to all ages. Interior offers over $40,000 in upgrades. 4 bedroom/3 full bath home is move-in ready. Gently lived-in and well maintained. California closet in primary, surround sound in living room and patio, additional pantry, whole-home security system, custom shades/blinds, upgraded flooring downstairs, EV car plug and under cabinet lighting. Plumbed for a water softener and additional gas line for a generator. Expansive, unobstructed views of the beautiful Texas Hill Country. This 2841 sq ft home boasts an open floor plan for the welcoming living room, gourmet kitchen, and dining room. Designer kitchen with quartz countertops, ample cabinet space and over sized island perfect for entertaining. Primary bedroom will serve as your peaceful getaway with its spa-like ensuite bathroom with dual vanity, walk-in shower, elegant soaking tub. Main level has Primary and 2 add'l bedrooms with a full bath and an office. Upstairs you'll find one additional bedroom, full bath and a huge game room. Nicely native landscaped for great curb appeal & covered front and back porch. Headwaters is a hill country community with miles of hike & bike trails, hundreds of acres of green space, and a magnificent amenity center with a resort-style pool, a state-of-the-art fitness center, outdoor fireplace lounge area, playground, dog area, gas grills, and a Cafe/Biz center. Award-winning Dripping Springs schools! Nearby you will enjoy all the best hill country wineries, breweries, distilleries, restaurants, and more. Only 25 min west of Austin and just 30 min to the airport. Come and enjoy the beautiful Texas Hill Country!!

At $209/sqft, this home is 56% 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

237 Moonlit Stream Pass, Dripping Springs, TX 78620

Property Details

Price $595,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,847 sqft
Lot Size 0.16 acres (6,969.6 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Headwaters At Barton Creek Ph 4 Sec 4
County Hays
Zip Code 78620
$/sqft $209/sqft
Days on Market ,
HOA $450/Quarterly
Annual Tax Est. $14,146
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236652931
List Date June 17, 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 17, 2026 $699,000
Previous ask $625,000
Current ask $595,000
▼ Reduced $104,000 (-14.9%) 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
724 Dayridge Dr
Headwaters At Barton Creek Ph 1
$590,000 $222 4 bd / 3 ba 2,653 sqft , 2026-09-02
127 Moonlit Stream Pass
Headwaters At Barton Creek Ph 4 Sec 4
$580,000 $219 4 bd / 3 ba 2,649 sqft , 2026-10-30
612 Canyon Rim Dr
Sunset Canyon Sec V
$624,000 $261 4 bd / 3 ba 2,391 sqft , 2026-04-22
171 Bush Mountain Cv
Big Sky Ranch
$634,990 $189 5 bd / 4 ba 3,355 sqft , 2026-10-23
657 Moonlit Stream Pass
Headwaters At Barton Creek Ph 4 Sec 4
$674,900 $256 4 bd / 4 ba 2,632 sqft , 2026-11-10

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
$2,856/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
$119,000
20% conventional investment loan

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

Estimated Gross Rent+$2,856
Principal + Interest−$3,247
Property Tax (assumed ~2.1%)−$1,041
Insurance (assumed ~0.5%)−$248
Est. Monthly Cash Flow $-1,680

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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