Active Listing  ·  181 days on market

469 Emerald Walk Loop

Dripping Springs, TX 78620
$664,047
4 Bed 4 Bath 2,905 sqft $229/sqft Built 2027 0.14 acres 2-Car Garage Pool Village Grove

What's Special: Greenbelt Lot | Oversized Lot | Close to Trails | Dedicated Study. New Construction – March Completion! Built by Taylor Morrison, America's Most Trusted Home Builder. Welcome to the Balcones at 469 Emerald Walk Loop in Village Grove! Step into this beautifully designed home filled with warmth, light, and thoughtful spaces for everyday living. The open great room flows seamlessly into a bright kitchen with a generous island, walk-in pantry, and nearby dining, creating an inviting place to gather. A private study sits just off the foyer, while the main level primary suite offers a peaceful retreat with a spacious bath and large walk-in closet. A convenient first floor laundry room adds ease to daily routines. Upstairs, a cozy game room and open-to-below views create an airy feel, along with three lovely secondary bedrooms, two full baths, and a versatile tech space perfect for work or study. The covered patio extends your living space outdoors for relaxed mornings and easy entertaining. Welcome to the laid-back charm of Village Grove in Dripping Springs, TX, ranked among the top small towns in Central Texas and just 25 miles from Downtown Austin! Living here puts you steps away from the City's Sports and Recreation Park, where you can hit the trails, shoot some hoops, and have a picnic. With low maintenance yards, this community is a place to plant roots and grow into a home of your own. Additional Highlights Include: Exterior gas line and standard railings in place of half walls. Photos are for representative purposes only.

At $229/sqft, this home is 52% 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

469 Emerald Walk Loop, Dripping Springs, TX 78620

Property Details

Price $664,047
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,905 sqft
Lot Size 0.14 acres (6,011.28 sqft)
Year Built 2027
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Village Grove
County Hays
Zip Code 78620
$/sqft $229/sqft
Days on Market ,
HOA $270/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230228460
List Date May 15, 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 →

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 15, 2026 $662,395
Previous ask $635,990
Current ask $664,047
▲ Increased $1,652 (+0.2%) 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
242 Jagged Iron Trce
Village Grove
$646,290 $238 4 bd / 3 ba 2,719 sqft , 2026-06-24
171 Bush Mountain Cv
Big Sky Ranch
$634,990 $189 5 bd / 4 ba 3,355 sqft , 2026-10-23
170 Jagged Iron Trce
Village Grove
$613,380 $199 4 bd / 5 ba 3,078 sqft , 2026-09-16
480 Emerald Walk Loop
Village Grove
$603,303 $269 4 bd / 3 ba 2,242 sqft , 2026-05-15
233 Bush Mountain Cv
Big Sky Ranch
$574,990 $175 5 bd / 4 ba 3,291 sqft , 2026-08-03

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
$3,187/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
$132,809
20% conventional investment loan

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

Estimated Gross Rent+$3,187
Principal + Interest−$3,624
Property Tax (assumed ~2.1%)−$1,162
Insurance (assumed ~0.5%)−$277
Est. Monthly Cash Flow $-1,876

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

More Luxury Homes in Dripping Springs

Loading…
View All Luxury Homes →
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 24, 2026.

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

Save this home