Active Listing  ·  140 days on market

531 Darley Oak Drive None

Dripping Springs, TX 78620
$564,833
5 Bed 3 Bath 2,903 sqft $195/sqft Built 2026 0.14 acres 2-Car Garage Pool New Construction Heritage
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About This Home

This home greets you with a stunning curved staircase right inside the foyer. An open-concept kitchen with large island and great room were designed for day-to-day family living, seamlessly connecting to a covered outdoor living area. A private extra bedroom and bath on the main level allow visitors to enjoy their stay and their independence. The primary suite is also on the main level, while the kid zone is upstairs. Your space feels spa-like, especially with the optional soaking tub. Their space revolves around a large game room.

At $195/sqft, this home is 59% 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

531 Darley Oak Drive None, Dripping Springs, TX 78620

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Property Details

Price $564,833
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,903 sqft
Lot Size 0.14 acres (6,141.96 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Heritage
County Hays
Zip Code 78620
$/sqft $195/sqft
Days on Market ,
HOA $600/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT237677530
List Date June 25, 2026
Elementary School Dripping Springs
Middle School Dripping Springs Middle
High School Dripping Springs
School District Dripping Springs ISD

School District

Dripping Springs ISD

Dripping Springs · Dripping Springs Middle · Dripping Springs

Have Questions About This Property?

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 · June 25, 2026 $574,833
Previous ask $569,833
Current ask $564,833
▼ Reduced $10,000 (-1.7%) 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
121 Bishop Wood Road None
Heritage $574,400 $197 4 bd / 4 ba 2,912 sqft , 2026-06-25
264 N Sage Holw
Founders Ridge Sec 1 $547,000 $266 4 bd / 3 ba 2,054 sqft , 2026-07-31
409 Shadywood Ln
Meadow Oaks Phase I $545,000 $272 4 bd / 2 ba 2,004 sqft , 2026-10-22
167 Darley Oak Dr
Heritage Dripping Spgs Ph1 $585,000 $194 4 bd / 4 ba 3,012 sqft , 2026-09-17
421 Comfort Maple Ln
Heritage Dripping Spgs Ph1 $540,000 $249 4 bd / 3 ba 2,172 sqft , 2026-10-22

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
$2,711/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
$112,967
20% conventional investment loan

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

Estimated Gross Rent+$2,711
Principal + Interest−$3,083
Property Tax (assumed ~2.1%)−$988
Insurance (assumed ~0.5%)−$235
Est. Monthly Cash Flow $-1,595

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 14, 2026.

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

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