Active Listing  ·  17 days on market

266 Merion Dr

Austin, TX 78737
$719,000
4 Bed 4 Bath 2,951 sqft $244/sqft Built 2014 0.25 acres 3-Car Garage Pool Belterra Ph 4 Sec 13

Single-Story Belterra Home Backing to a Private Greenbelt with Treetop Views Located at 266 Merion Dr in Dripping Springs, TX, this 2,898-square-foot home features 4 bedrooms, 3.5 bathrooms, a dedicated office, and an extended covered patio on a quarter-acre lot.

The open living area is filled with natural light and beautiful greenbelt views, creating a private and peaceful setting. The spa-inspired primary suite features a gorgeous soaking tub, frameless shower, and oversized walk-in closet. A dedicated office provides the perfect space for working from home, while the single-story floor plan offers comfortable, functional living all on one level.

Step outside to the extended covered patio and enjoy peaceful Texas Hill Country evenings surrounded by mature trees and serene greenbelt views.

Located in Belterra, one of Dripping Springs’ most sought-after master-planned communities, residents enjoy neighborhood pools, parks, playgrounds, fitness amenities, miles of trails, and convenient access to shopping, dining, Austin, and the Texas Hill Country.

If you’re searching for a single-story home in Belterra with 4 bedrooms, a home office, greenbelt privacy, and Hill Country views, 266 Merion Dr is one you won’t want to miss.

At $244/sqft, this home is 38% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

266 Merion Dr, Austin, TX 78737

Property Details

Price $719,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,951 sqft
Lot Size 0.25 acres (10,903.07 sqft)
Year Built 2014
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Belterra Ph 4 Sec 13
County Hays
Zip Code 78737
$/sqft $244/sqft
Days on Market ,
HOA $144/Quarterly
Annual Tax Est. $18,034.06
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243667503
List Date September 15, 2026
Elementary School Rooster Springs
Middle School Sycamore Springs
High School Dripping Springs
School District ,

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

Comparable Listings Right Now

Homes currently for sale in Austin 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
662 Catalina Ln
Belterra Ph 4 Sec 12B
$675,000 $301 3 bd / 3 ba 2,246 sqft , 2026-08-14
170 Kinloch Ct
Belterra Ph 4 Sec 18
$765,000 $203 4 bd / 3 ba 3,768 sqft , 2026-06-23
13728 Mesa Verde Dr
Belterra Ph 4 Sec 12A
$649,999 $215 4 bd / 3 ba 3,017 sqft , 2026-06-16
865 Catalina Ln
Belterra Ph 4 Sec 12B
$815,000 $288 4 bd / 3 ba 2,825 sqft , 2026-09-17
12225 Mesa Verde Dr
Belterra Sec 21-2
$824,900 $248 4 bd / 4 ba 3,328 sqft , 2026-09-10

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
$3,451/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
$143,800
20% conventional investment loan

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

Estimated Gross Rent+$3,451
Principal + Interest−$3,924
Property Tax (~2.1% TX avg)−$1,258
Insurance (~0.5%)−$300
Est. Monthly Cash Flow $-2,031

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 Austin, TX

Austin 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 · 30 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. This page was last updated on October 1, 2026.

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