Active Listing  ·  7 days on market

318 Victoria Peak Loop

Dripping Springs, TX 78620
$499,900
5 Bed 4 Bath 2,887 sqft $173/sqft Built 2022 0.15 acres 2-Car Garage Pool Big Sky Ranch Ph 2 At Dripping Spgs

Tucked away on a quiet loop in the back of Big Sky Ranch, 318 Victoria Peak Loop offers the perfect balance of peace and unbeatable convenience. Central to everything in Dripping Springs, this welcoming neighborhood features a community pool and direct walking trails connecting straight to Founders Memorial Park, keeping you minutes from downtown shops, dining, and top schools.

Freshly painted throughout, the home welcomes you with an 8-ft mahogany door, wood floors, and downstairs custom moulding that adds an elevated, polished feel. Off the entry, a private study with glass French doors and a tray ceiling makes working from home a breeze. The bright living room centers on a stone gas fireplace and flows easily into the dining and kitchen areas.

The kitchen serves as the vibrant centerpiece, freshly updated with rich green cabinetry contrasted by crisp white quartz counters, a stainless apron sink, 5-burner gas cooktop, commercial vent hood, and a large entertaining island, plus an adjoining pocket office.

The main-level primary suite is a true retreat with a bay window, walk-in closet, and an updated bath featuring dual vanities and a custom-tiled rainfall shower. Upstairs, discover three secondary bedrooms, two full baths (including an en-suite), a game room, and an oversized media room/5th bedroom.

Step outside to an expansive covered patio with a gas grill stub and a level yard with no rear neighbors, backed by wood and wrought-iron fencing. Extras include a tankless water heater, irrigation system, and laundry room with space for a 2nd fridge. Move-in ready and perfectly located!

At $173/sqft, this home is 64% 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

318 Victoria Peak Loop, Dripping Springs, TX 78620

Property Details

Price $499,900
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 2,887 sqft
Lot Size 0.15 acres (6,534 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Big Sky Ranch Ph 2 At Dripping Spgs
County Hays
Zip Code 78620
$/sqft $173/sqft
Days on Market ,
HOA $45/Monthly
Annual Tax Est. $7,620.84
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251836696
List Date November 5, 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.

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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
152 Ranier Way
Cannon Ranch
$494,938 $219 4 bd / 4 ba 2,260 sqft , 2026-06-23
160 Ranier Way
Cannon Ranch Ph 2
$509,841 $192 4 bd / 4 ba 2,653 sqft , 2026-07-15
221 Bush Mountain Cv
Big Sky Ranch
$539,990 $232 4 bd / 3 ba 2,332 sqft , 2026-08-12
264 N Sage Holw
Founders Ridge Sec 1
$547,000 $266 4 bd / 3 ba 2,054 sqft , 2026-07-31
118 Crater Lake Dr
Cannon Ranch
$547,020 $188 6 bd / 4 ba 2,904 sqft , 2026-10-21

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
$2,400/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
$99,980
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,728
Property Tax (assumed ~2.1%)−$875
Insurance (assumed ~0.5%)−$208
Est. Monthly Cash Flow $-1,411

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 November 10, 2026.

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

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