Active Listing  ·  30 days on market

278 Cactus Wren Ct

Dripping Springs, TX 78620
$845,000
4 Bed 3 Bath 3,091 sqft $273/sqft Built 2027 0.19 acres 3-Car Garage Pool Headwaters at Barton Creek

Discover the award-winning David Weekley Homes Lavender floorplan in Headwaters, where thoughtful design meets breathtaking Hill Country views! This stunning 4-bedroom, 3-full-bath home features an upstairs retreat, dedicated media room, private study, and a 3-car tandem garage—offering the flexibility and space today's buyers desire.

Enjoy the beauty of the Texas Hill Country from the expansive wrap-around porch, perfectly positioned to take in the greenbelt and scenic views. Inside, the Lavender offers an inviting layout designed for both everyday living and entertaining, with exceptional spaces for work, relaxation, and gathering.

Located in Headwaters, residents enjoy resort-style amenities and the highly sought-after Dripping Springs ISD. With the community entering its final phase and limited opportunities remaining, now is the time to make your move and experience all that Headwaters has to offer!

Our EnergySaver™ Homes offer peace of mind knowing your new home in Dripping Springs is minimizing your environmental footprint while saving energy.

Square Footage is an estimate only; actual construction may vary.

At $273/sqft, this home is 43% 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

278 Cactus Wren Ct, Dripping Springs, TX 78620

Property Details

Price $845,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,091 sqft
Lot Size 0.19 acres (8,315.6 sqft)
Year Built 2027
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Headwaters at Barton Creek
County Hays
Zip Code 78620
$/sqft $273/sqft
Days on Market ,
HOA $459/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249729673
List Date October 13, 2026
Elementary School WildwoodSprings
Middle School Dripping Springs Middle
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

WildwoodSprings · 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
192 Cactus Wren Ct
Headwaters at Barton Creek
$850,000 $272 4 bd / 3 ba 3,124 sqft , 2026-09-21
366 Iron Willow Loop
Headwaters at Barton Creek
$825,000 $277 4 bd / 4 ba 2,979 sqft , 2026-09-14
171 Cactus Wren Ct
Headwaters at Barton Creek
$875,000 $262 5 bd / 4 ba 3,337 sqft , 2026-09-15
684 Iron Willow Loop
Headwaters at Barton Creek
$775,000 $252 5 bd / 4 ba 3,073 sqft , 2026-09-28
854 Iron Willow Loop
Headwaters at Barton Creek
$750,000 $278 4 bd / 4 ba 2,700 sqft , 2026-09-01

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
$4,056/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
$169,000
20% conventional investment loan

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

Estimated Gross Rent+$4,056
Principal + Interest−$4,612
Property Tax (assumed ~2.1%)−$1,479
Insurance (assumed ~0.5%)−$352
Est. Monthly Cash Flow $-2,387

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 October 14, 2026.

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

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