Active Listing  ·  181 days on market

480 Emerald Walk Loop

Dripping Springs, TX 78620
$603,303
4 Bed 3 Bath 2,242 sqft $269/sqft Built 2027 0.17 acres 2-Car Garage Pool Village Grove

What's Special: Corner Lot | Covered Patio | Oversized Closet in Primary. New Construction – March Completion! Built by Taylor Morrison, America's Most Trusted Home Builder. Welcome to the Lamar at 480 Emerald Walk Loop in Village Grove! This new home welcomes you through the porch into a bright foyer, where two secondary bedrooms with walk-in closets share a full bathroom to one side. A third bedroom and full bath are tucked near the garage entry, along with a conveniently located laundry room for everyday ease. At the heart of the home, the kitchen with a center island and walk-in pantry flows into the dining area, spacious great room, and covered patio for relaxed living and easy gatherings. Privately positioned off the great room, the primary suite offers a spa-inspired bath with a soaking tub, separate shower, dual sinks, and a generous walk-in closet. 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: Spa shower at primary bath, secondary bedroom with full bathroom in place of study/half bath, pendant lights over kitchen island, exterior gas line, and extended RevWood flooring into primary suite. Photos are for representative purposes only.

At $269/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

480 Emerald Walk Loop, Dripping Springs, TX 78620

Property Details

Price $603,303
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,242 sqft
Lot Size 0.17 acres (7,535.88 sqft)
Year Built 2027
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Village Grove
County Hays
Zip Code 78620
$/sqft $269/sqft
Days on Market ,
HOA $270/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230238624
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.

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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 15, 2026 $602,303
Previous ask $599,990
Current ask $603,303
▲ Increased $1,000 (+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
236 Jagged Iron Trce
Village Grove
$569,000 $223 4 bd / 3 ba 2,552 sqft , 2026-09-15
255 Bush Mountain Cv
Big Sky Ranch
$564,990 $206 4 bd / 3 ba 2,740 sqft , 2026-10-01
242 Jagged Iron Trce
Village Grove
$646,290 $238 4 bd / 3 ba 2,719 sqft , 2026-06-24
169 Jagged Iron Trce
Village Grove
$549,990 $217 4 bd / 3 ba 2,540 sqft , 2026-05-19
469 Emerald Walk Loop
Village Grove
$664,047 $229 4 bd / 4 ba 2,905 sqft , 2026-05-15

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
$2,896/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
$120,661
20% conventional investment loan

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

Estimated Gross Rent+$2,896
Principal + Interest−$3,292
Property Tax (assumed ~2.1%)−$1,056
Insurance (assumed ~0.5%)−$251
Est. Monthly Cash Flow $-1,703

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 24, 2026.

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

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