Active Listing  ·  56 days on market

389 Kings Pine Dr

Dripping Springs, TX 78620
$634,990
6 Bed 4 Bath 3,365 sqft $189/sqft Built 2026 0.15 acres 2-Car Garage Pool New Construction Heritage

The stunning Bonnell II plan is a 2 story home that features 6 bedrooms and 4 bathrooms with a spacious gourmet kitchen. As you enter through the tall foyer, there is a spacious bedroom with it's own bathroom ideal for guest. Farther down the hall, there is a very spacious U-shaped kitchen, featuring a huge peninsula and an island. The gourmet kitchen opens to the dining room. From there you'll find a high ceiling in the huge(20' x 18') family room. The owner's suite, with it's beautiful bay window is tucked just off the family room and contains a deluxe bathroom, with dual vanity, large window, mudset shower and soaking tub. The second story has 4 spacious bedrooms, 2 large bathrooms, and a bright game room. This home features an extended patio with a gas line for outdoor entertaining.

Schedule an appointment to view this 3,365 sq foot home with all of it's design upgrades! Ready in December.

At $189/sqft, this home is 60% 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

389 Kings Pine Dr, Dripping Springs, TX 78620

Property Details

Price $634,990
Status Active Listing
Beds 6
Full Baths 4
Half Baths ,
Living Area 3,365 sqft
Lot Size 0.15 acres (6,446.88 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Heritage
County Hays
Zip Code 78620
$/sqft $189/sqft
Days on Market ,
HOA $600/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT247155912
List Date September 17, 2026
Elementary School Dripping Springs
Middle School Dripping Springs Middle
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Dripping Springs · 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
198 Senna Dr
Founders Ridge Sec 1
$663,660 $195 5 bd / 4 ba 3,399 sqft , 2026-10-08
531 Darley Oak Drive None
Heritage
$564,833 $195 5 bd / 3 ba 2,903 sqft , 2026-06-25
111 Sacred Fig Road None
Heritage
$524,974 $182 5 bd / 4 ba 2,881 sqft , 2026-05-01

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
$3,048/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
$126,998
20% conventional investment loan

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

Estimated Gross Rent+$3,048
Principal + Interest−$3,465
Property Tax (assumed ~2.1%)−$1,111
Insurance (assumed ~0.5%)−$265
Est. Monthly Cash Flow $-1,793

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 September 18, 2026.

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

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