Active Listing  ·  104 days on market

264 N Sage Holw

Dripping Springs, TX 78620
$547,000
4 Bed 3 Bath 2,054 sqft $266/sqft Built 2016 0.20 acres 3-Car Garage Pool Founders Ridge Sec 1

Welcome home to your ultimate Texas Hill Country haven! Tucked away near the end of a peaceful cul-de-sac in the highly sought-after Founders Ridge community, this immaculate single-story showcase effortlessly combines luxury, warmth, and modern convenience in the absolute heart of Dripping Springs. From the striking landscaped curb appeal and oversized three-car garage to the sun-drenched, high-ceiling interior, every detail of this home impresses. At the center of it all, a breathtaking limestone fireplace anchors the cozy living room, flowing naturally into a light-filled dining space and a dream kitchen built for entertaining—packed with sleek granite countertops, endless cabinet space, stainless steel appliances, and a walk-in pantry.

The expansive primary suite serves as a true private retreat, complete with double French doors that open into a luxurious ensuite bathroom featuring a dual vanity with a dedicated seating area and an extraordinarily large walk-in closet. Outside, the covered patio overlooks a private, fully fenced backyard ideal for outdoor gatherings or quiet relaxation.

This turnkey home includes the refrigerator, washer, and dryer for seamless move-in readiness. Residents of Founders Ridge enjoy community amenities including parks, sidewalks, and scenic hike-and-bike trails, all while benefiting from access to the highly regarded Dripping Springs ISD. Located just minutes from premier shopping, local dining, and major commuter routes, this property offers the perfect blend of Texas charm and modern luxury.

At $266/sqft, this home is 44% 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

264 N Sage Holw, Dripping Springs, TX 78620

Property Details

Price $547,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,054 sqft
Lot Size 0.20 acres (8,624.88 sqft)
Year Built 2016
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Founders Ridge Sec 1
County Hays
Zip Code 78620
$/sqft $266/sqft
Days on Market ,
HOA $232/Quarterly
Annual Tax Est. $11,172.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241739805
List Date July 31, 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
246 S Sage Holw
Founders Ridge Sec 2A
$549,990 $258 3 bd / 2 ba 2,134 sqft , 2026-10-10
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
542 Darley Oak Drive None
Heritage
$499,287 $193 4 bd / 3 ba 2,589 sqft , 2026-11-06

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
$2,626/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
$109,400
20% conventional investment loan

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

Estimated Gross Rent+$2,626
Principal + Interest−$2,985
Property Tax (assumed ~2.1%)−$957
Insurance (assumed ~0.5%)−$228
Est. Monthly Cash Flow $-1,544

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 October 14, 2026.

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

Save this home