Active Listing  ·  33 days on market

246 S Sage Holw

Dripping Springs, TX 78620
$549,990
3 Bed 2 Bath 2,134 sqft $258/sqft Built 2017 0.24 acres 3-Car Garage Pool Founders Ridge Sec 2A

Privacy, convenience and easy Hill Country living come together in this Founders Ridge home! This single-story 3-bedroom, 2-bath home enjoys a rare setting with greenbelt space on two sides, offering a peaceful backdrop and extra breathing room. The low-maintenance landscaping features water-wise xeriscaping with river rock, flowering abelia, and salvia. Inside, the open living area provides a comfortable gathering space and flows into an updated kitchen featuring quartz countertops, an updated sink, dishwasher, and updated lighting fixtures. Right off the main living area, you'll find a private home office space—an absolute dream if you work from home! High-end additions include an 8-camera security system with DVR and built-in surround sound. Thoughtful improvements throughout add comfort and efficiency, including an additional layer of attic insulation, quieter roof exhaust vents, and full-perimeter gutters. The extended three-car garage offers plenty of room for vehicles, a workshop, hobbies, or extra storage. The backyard is where this home truly connects with its natural surroundings. The covered patio features motorized screens for comfort and privacy. A 12x12 concrete pad provides the perfect spot for outdoor seating and a fire pit, creating an inviting space to enjoy cool evenings and the peaceful greenbelt setting. Additional peace of mind comes with a Generac whole-home generator, 200-amp electrical panel, and whole-home surge protection. Located in Founders Ridge just off RR 12, this neighborhood features a community park and steps to walking trails that connect directly into downtown Dripping Springs. Enjoy living with no MUD and no PID, plus a low tax rate of 1.86%! You’re only about 5 minutes from Historic Mercer Street dining and local breweries, 25 minutes from Southwest Austin and 35 minutes from ABIA. With incredible efficiency and unbeatable Hill Country charm, this turn-key retreat offers the ultimate lifestyle in the heart of Dripping Springs!

At $258/sqft, this home is 46% 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

246 S Sage Holw, Dripping Springs, TX 78620

Property Details

Price $549,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,134 sqft
Lot Size 0.24 acres (10,585.08 sqft)
Year Built 2017
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Founders Ridge Sec 2A
County Hays
Zip Code 78620
$/sqft $258/sqft
Days on Market ,
HOA $231.75/Quarterly
Annual Tax Est. $10,637.04
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249117128
List Date October 10, 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.

Schedule a Call →

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
264 N Sage Holw
Founders Ridge Sec 1
$547,000 $266 4 bd / 3 ba 2,054 sqft , 2026-07-31
421 Comfort Maple Ln
Heritage Dripping Spgs Ph1
$540,000 $249 4 bd / 3 ba 2,172 sqft , 2026-10-22
221 Bush Mountain Cv
Big Sky Ranch
$539,990 $232 4 bd / 3 ba 2,332 sqft , 2026-08-12
255 Bush Mountain Cv
Big Sky Ranch
$564,990 $206 4 bd / 3 ba 2,740 sqft , 2026-10-01
160 Ranier Way
Cannon Ranch Ph 2
$509,841 $192 4 bd / 4 ba 2,653 sqft , 2026-07-15

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
$2,640/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
$109,998
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,002
Property Tax (assumed ~2.1%)−$962
Insurance (assumed ~0.5%)−$229
Est. Monthly Cash Flow $-1,553

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

More Luxury Homes in Dripping Springs

Loading…
View All Luxury Homes →
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 11, 2026.

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

Save this home