Active Listing  ·  21 days on market

409 Shadywood Ln

Dripping Springs, TX 78620
$545,000
4 Bed 2 Bath 2,004 sqft $272/sqft Built 1996 0.50 acres 2-Car Garage Pool Meadow Oaks Phase I

Where the deer roam and life slows down. Welcome to Meadow Oaks, a peaceful, established neighborhood in the heart of Dripping Springs, where spacious lots, roaming wildlife, and classic Texas ranch-style homes create an inviting Hill Country setting. With no HOA, residents enjoy added flexibility to make it their own. Inside this single-story home has an open-concept main living area which offers a comfortable flow for everyday living and entertaining, while wood and tile flooring add warmth and character. Thoughtful updates complement the home's traditional ranch-style charm, creating a welcoming space that feels both timeless and practical. A flexible room in the front provides additional space for working from home, hobbies, or a guestroom. Pride of ownership shines through in the home's ongoing care and maintenance, including replacement windows with solar screens and blinds, new water heater, and new HVAC all within the past few years. Outdoor living is equally inviting. A backyard patio framed by raised planters creates a cozy retreat for morning coffee, outdoor dining watching the sun set, or just relaxing afternoons letting yourself recharge. Native landscaping enhances the natural surroundings, while a backyard shed provides convenient storage. Out front, an extended patio offers a welcoming spot to unwind, enjoy the neighborhood, or exchange a friendly wave with passing neighbors. Deer and other wildlife are frequent visitors, adding to the peaceful, distinctly Texas atmosphere. Tucked just off Hwy 290 behind the Dripping Springs Post Office, Meadow Oaks offers easy access to local shopping, dining, schools, and everyday essentials. Dripping Springs High School is nearby, and historic Mercer Street, with its locally owned businesses and small-town charm, is just a short drive away. Classic Texas character, thoughtful upkeep, and a little more breathing room. All in the heart of Dripping Springs!

At $272/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

409 Shadywood Ln, Dripping Springs, TX 78620

Property Details

Price $545,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,004 sqft
Lot Size 0.50 acres (21,780 sqft)
Year Built 1996
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Meadow Oaks Phase I
County Hays
Zip Code 78620
$/sqft $272/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $1,672.38
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250564417
List Date October 22, 2026
Elementary School Walnut Springs
Middle School Dripping Springs Middle
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Walnut 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.

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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
207 Meadow Oaks Dr
Meadow Oaks Ph I
$549,000 $284 3 bd / 2 ba 1,931 sqft , 2026-08-13
200 Little Barton Dr
Springlake
$550,000 $252 3 bd / 2 ba 2,185 sqft , 2026-03-15
1130 Arrowhead Ranch Blvd
Arrowhead Ranch Ph 4
$574,999 $213 4 bd / 3 ba 2,699 sqft , 2026-10-27
600 Meadow Oaks Dr
Meadow Oaks Ph I
$500,000 $282 3 bd / 2 ba 1,774 sqft , 2026-10-15
542 Darley Oak Drive None
Heritage
$499,287 $193 4 bd / 3 ba 2,589 sqft , 2026-11-06

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
$2,616/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
$109,000
20% conventional investment loan

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

Estimated Gross Rent+$2,616
Principal + Interest−$2,974
Property Tax (assumed ~2.1%)−$954
Insurance (assumed ~0.5%)−$227
Est. Monthly Cash Flow $-1,539

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 25, 2026.

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

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