Active Listing  ·  141 days on market

242 Jagged Iron Trce

Dripping Springs, TX 78620
$646,290
4 Bed 3 Bath 2,719 sqft $238/sqft Built 2026 0.16 acres 2-Car Garage Pool Village Grove

What's Special: Dedicated Study | Game Room | Covered Patio. New Construction – December Completion! Built by Taylor Morrison, America's Most Trusted Home Builder. Welcome to the Windsor at 242 Jagged Iron Trace in Village Grove! A thoughtfully designed home filled with warmth and effortless elegance. The open great room, dining area, and kitchen create a light, flowing space anchored by a generous island and walk-in pantry, perfect for gathering and everyday living. The serene primary suite offers a peaceful retreat with a spa-like bath and spacious walk-in closet, while a private secondary bedroom and dedicated study add flexibility on the main level. Upstairs, a bright game room, additional bedrooms, and open-to-below views create an airy, inviting feel. A covered patio, cozy porch, and convenient drop zone, laundry, and two car garage complete this beautifully balanced home. Welcome to the laid-back charm of Village Grove in Dripping Springs, TX, ranked among the top small towns in Central Texas and just 25 miles from Downtown Austin! Living here puts you steps away from the City's Sports and Recreation Park, where you can hit the trails, shoot some hoops, and have a picnic. With low maintenance yards, this community is a place to plant roots and grow into a home of your own. Additional Highlights Include: Spa shower at primary bath, vinyl sliding door unit at great room, exterior gas line, standard railings in place of half walls, upgraded front door, flooring extension to primary bedroom and closet, and pendant lights over kitchen island.

At $238/sqft, this home is 50% 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

242 Jagged Iron Trce, Dripping Springs, TX 78620

Property Details

Price $646,290
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,719 sqft
Lot Size 0.16 acres (6,821.5 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Village Grove
County Hays
Zip Code 78620
$/sqft $238/sqft
Days on Market ,
HOA $270/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237502143
List Date June 24, 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
171 Bush Mountain Cv
Big Sky Ranch
$634,990 $189 5 bd / 4 ba 3,355 sqft , 2026-10-23
469 Emerald Walk Loop
Village Grove
$664,047 $229 4 bd / 4 ba 2,905 sqft , 2026-05-15
170 Jagged Iron Trce
Village Grove
$613,380 $199 4 bd / 5 ba 3,078 sqft , 2026-09-16
480 Emerald Walk Loop
Village Grove
$603,303 $269 4 bd / 3 ba 2,242 sqft , 2026-05-15
233 Bush Mountain Cv
Big Sky Ranch
$574,990 $175 5 bd / 4 ba 3,291 sqft , 2026-08-03

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
$3,102/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
$129,258
20% conventional investment loan

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

Estimated Gross Rent+$3,102
Principal + Interest−$3,527
Property Tax (assumed ~2.1%)−$1,131
Insurance (assumed ~0.5%)−$269
Est. Monthly Cash Flow $-1,825

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 July 20, 2026.

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

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