Active Listing  ·  22 days on market

533 Founders Rdg

Dripping Springs, TX 78620
$619,000
4 Bed 3 Bath 3,124 sqft $198/sqft Built 2018 0.18 acres 3-Car Garage Pool Founders Ridge Sec 2A

Enjoy a front-row seat to the Hill Country in this inviting Founders Ridge home! Peaceful green space views, a thoughtful floor plan and flexible living spaces make it easy to feel right at home. Offering 4 bedrooms, 3 full baths, a dedicated office and an oversized bonus room, this Dripping Springs home delivers space and versatility. Step inside to find a dedicated office with french doors and a formal dining room ready for special occasions. The heart of the home opens into a spacious kitchen with granite countertops, rich cabinetry, GE Profile appliances and a central island. A sunny breakfast nook adds another spot to start the day, while the adjoining living room brings everyone together around a gas fireplace, with windows framing the view beyond. The well-planned layout places all four bedrooms on the main level for added convenience. Privately positioned in its own wing, the primary suite captures beautiful greenbelt views and has an en-suite bath with dual vanities, a soaking tub and a separate walk in shower. Two secondary bedrooms share a full bath, while a separate guest bedroom near its own full bath provides added privacy for guests. Upstairs, a standalone bonus room serves as a media room or second living area. Take the living outdoors to the covered back patio, complete with a ceiling fan for added comfort, and enjoy a fully fenced backyard that backs to mature trees and open green space. Beyond the backyard, Founders Ridge offers a convenient Dripping Springs location with an appealing 1.86% property tax rate and no MUD or PID taxes. Community walking trails connect to historic Mercer Street in downtown Dripping Springs, putting local dining, parks and community favorites within easy reach. With Highway 290, Dripping Springs ISD schools, and H-E-B just minutes away, this home offers a wonderful balance of scenic surroundings, flexible living space, and everyday convenience.

At $198/sqft, this home is 58% 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

533 Founders Rdg, Dripping Springs, TX 78620

Property Details

Price $619,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,124 sqft
Lot Size 0.18 acres (7,797.24 sqft)
Year Built 2018
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Founders Ridge Sec 2A
County Hays
Zip Code 78620
$/sqft $198/sqft
Days on Market ,
HOA $225/Quarterly
Annual Tax Est. $12,794.54
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249248042
List Date October 21, 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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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
171 Bush Mountain Cv
Big Sky Ranch
$634,990 $189 5 bd / 4 ba 3,355 sqft , 2026-10-23
167 Darley Oak Dr
Heritage Dripping Spgs Ph1
$585,000 $194 4 bd / 4 ba 3,012 sqft , 2026-09-17
233 Bush Mountain Cv
Big Sky Ranch
$574,990 $175 5 bd / 4 ba 3,291 sqft , 2026-08-03
121 Bishop Wood Road None
Heritage
$574,400 $197 4 bd / 4 ba 2,912 sqft , 2026-06-25
198 Senna Dr
Founders Ridge Sec 1
$663,660 $195 5 bd / 4 ba 3,399 sqft , 2026-10-08

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
$2,971/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
$123,800
20% conventional investment loan

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

Estimated Gross Rent+$2,971
Principal + Interest−$3,378
Property Tax (assumed ~2.1%)−$1,083
Insurance (assumed ~0.5%)−$258
Est. Monthly Cash Flow $-1,748

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 November 12, 2026.

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

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