Active Listing  ·  99 days on market

246 Southern Sunset Cv

Driftwood, TX 78619
$795,000
4 Bed 4 Bath 2,824 sqft $282/sqft Built 2010 1.11 acres 3-Car Garage Pool Rim Rock Ph Three Sec Three

1.11 ACRE HILL COUNTRY HOME | DRIPPING SPRINGS ISD | 3-CAR GARAGE

Welcome to 246 Southern Sunset Cove, a beautifully maintained 4 bedroom, 3.5 bath home situated on a spacious 1.11 acre cul-de-sac lot in Rim Rock.

The home features an open and functional layout, a main-level primary suite, and a generous upstairs bonus room with a half bath, perfect for a game room, media room, or home office.

Outside, enjoy an expansive backyard surrounded by mature trees, offering plenty of space to relax, entertain, and enjoy the Hill Country setting. Additional highlights include a 3-car garage, low HOA fees, Dripping Springs ISD, and convenient access to Driftwood favorites, wineries, and Austin via FM 1826.

At $282/sqft, this home is 20% below the Driftwood active market average of $354/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

246 Southern Sunset Cv, Driftwood, TX 78619

Property Details

Price $795,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,824 sqft
Lot Size 1.11 acres (48,151.22 sqft)
Year Built 2010
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rim Rock Ph Three Sec Three
County Hays
Zip Code 78619
$/sqft $282/sqft
Days on Market ,
HOA $29/Monthly
Annual Tax Est. $13,717.4
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241759319
List Date August 5, 2026
Elementary School Cypress Springs
Middle School Sycamore Springs
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Cypress Springs · Sycamore Springs · Dripping Springs

Luke Allen (TREC #788149) has deep knowledge of Driftwood 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 Driftwood

Comparable Listings Right Now

Homes currently for sale in Driftwood 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
547 Shelf Rock Rd
Rim Rock Ph Three Sec Two
$899,999 $248 3 bd / 4 ba 3,622 sqft , 2026-09-09

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
$3,816/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
$159,000
20% conventional investment loan

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

Estimated Gross Rent+$3,816
Principal + Interest−$4,339
Property Tax (assumed ~2.1%)−$1,391
Insurance (assumed ~0.5%)−$331
Est. Monthly Cash Flow $-2,245

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 Driftwood, TX

Driftwood sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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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 October 16, 2026.

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

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