Active Listing  ·  59 days on market

366 Iron Willow Loop

Dripping Springs, TX 78620
$825,000
4 Bed 4 Bath 2,979 sqft $277/sqft Built 2026 0.17 acres 4-Car Garage Pool Headwaters at Barton Creek

Classic appeal and modern comforts combine in this new construction "Snapdragon" in Headwaters. This new home in Dripping Springs, Texas, provides a glamorous place for social gatherings and can easily adapt to your family’s lifestyle changes through the years.

Your deluxe Owner’s Retreat features a luxury bathroom and a spacious walk-in closet. Stock up on gourmet ingredients in the corner pantry of the beautiful kitchen. The open floor plan provides plenty of sunlight and decorative opportunity. Design your perfect home office in the ample study. Craft a second family room or for game day viewing or a video game headquarters in the upstairs retreat.

Enjoy another private guest suite with en-suite upstairs; as well as two other bedrooms with an additional bath. Enjoy the views off your oversized covered patio as you take in the beautiful Texas Hill Country!

Call the David Weekley at Headwaters Team today to find out about all the elegant finishes in this luxury new construction home Dripping Springs, Texas.

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 $277/sqft, this home is 42% 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

366 Iron Willow Loop, Dripping Springs, TX 78620

Property Details

Price $825,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,979 sqft
Lot Size 0.17 acres (7,496.68 sqft)
Year Built 2026
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Headwaters at Barton Creek
County Hays
Zip Code 78620
$/sqft $277/sqft
Days on Market ,
HOA $459/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246762144
List Date September 14, 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 →

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 · September 14, 2026 $870,076
Current ask $825,000
▼ Reduced $45,076 (-5.2%) 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
278 Cactus Wren Ct
Headwaters at Barton Creek
$845,000 $273 4 bd / 3 ba 3,091 sqft , 2026-10-13
192 Cactus Wren Ct
Headwaters at Barton Creek
$850,000 $272 4 bd / 3 ba 3,124 sqft , 2026-09-21
684 Iron Willow Loop
Headwaters at Barton Creek
$775,000 $252 5 bd / 4 ba 3,073 sqft , 2026-09-28
171 Cactus Wren Ct
Headwaters at Barton Creek
$875,000 $262 5 bd / 4 ba 3,337 sqft , 2026-09-15
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
$3,960/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
$165,000
20% conventional investment loan

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

Estimated Gross Rent+$3,960
Principal + Interest−$4,502
Property Tax (assumed ~2.1%)−$1,444
Insurance (assumed ~0.5%)−$344
Est. Monthly Cash Flow $-2,330

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 9, 2026.

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

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