Active Listing  ·  187 days on market

324 Delaware Mountains Ter

Dripping Springs, TX 78620
$363,000
3 Bed 3 Bath 1,884 sqft $193/sqft Built 2022 0.09 acres 2-Car Garage Pool Big Sky Ranch Ph 2 At Dripping Spgs

An exceptional opportunity to own in Dripping Springs at $363,000—now with sellers offering $2,000 toward buyer’s closing costs. Located in Big Sky Ranch, this beautifully maintained 3-bedroom, 2.5-bath home offers 1,884 square feet, a flexible floor plan, and thoughtful upgrades throughout.

The open-concept main level features a spacious living area and an impressive kitchen with a large island, stainless appliances, and plenty of storage. Upstairs, the primary suite and two secondary bedrooms are joined by a second living area—perfect for a home office, playroom, media room, or additional lounge space—plus a conveniently located laundry room.

Thoughtful details include a shiplap kitchen wall, board-and-batten island, ceiling fans, and updated primary bath hardware. The two-car garage also includes additional side storage with space for a home gym.

Enjoy the Big Sky Ranch lifestyle with access to the community's resort-style pool, all just minutes from downtown Dripping Springs, H-E-B, dining, shopping, and highly regarded Dripping Springs ISD schools.

At $193/sqft, this home is 59% 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

324 Delaware Mountains Ter, Dripping Springs, TX 78620

Property Details

Price $363,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,884 sqft
Lot Size 0.09 acres (3,920.4 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 $193/sqft
Days on Market ,
HOA $45/Monthly
Annual Tax Est. $5,490.3
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225327008
List Date May 9, 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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 9, 2026 $385,000
Previous ask $368,000
Current ask $363,000
▼ Reduced $22,000 (-5.7%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
150 Olympia Bnd
Village Grove
$364,455 $194 3 bd / 3 ba 1,876 sqft , 2026-06-11
134 Olympia Bnd
Village Grove
$367,990 $188 4 bd / 3 ba 1,954 sqft , 2026-10-29
125 Olympia Bnd
Village Grove
$357,990 $183 4 bd / 3 ba 1,954 sqft , 2026-10-29
144 El Capitan Loop
Big Sky Ranch Ph 3 At Dripping Spgs
$379,000 $251 3 bd / 2 ba 1,510 sqft , 2026-06-06
176 Dome Peak Ter
Big Sky Ranch Ph 1 At Dripping Spgs
$385,000 $234 3 bd / 2 ba 1,644 sqft , 2026-10-23

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
$1,742/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
$72,600
20% conventional investment loan

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

Estimated Gross Rent+$1,742
Principal + Interest−$1,981
Property Tax (assumed ~2.1%)−$635
Insurance (assumed ~0.5%)−$151
Est. Monthly Cash Flow $-1,025

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 11, 2026.

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

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