Active Listing  ·  6 days on market

542 Darley Oak Drive None

Dripping Springs, TX 78620
$499,287
4 Bed 3 Bath 2,589 sqft $193/sqft Built 2026 0.13 acres 2-Car Garage Pool New Construction Heritage
542 Darley Oak Drive None, photo 1
542 Darley Oak Drive None, photo 2
542 Darley Oak Drive None, photo 3
542 Darley Oak Drive None, photo 4
542 Darley Oak Drive None, photo 5
542 Darley Oak Drive None, photo 6
542 Darley Oak Drive None, photo 7
542 Darley Oak Drive None, photo 8
542 Darley Oak Drive None, photo 9
542 Darley Oak Drive None, photo 10
542 Darley Oak Drive None, photo 11
542 Darley Oak Drive None, photo 12

About This Home

A home for growing - The primary suite and secondary bedrooms are located upstairs with a sizeable loft that acts as a privacy buffer between the rooms. The downstairs was designed with versatility in mind. The open-concept great room, professional grade kitchen and covered patio are a roomy and comfy setting for quality time, while the flex space has been converted into a downstairs fourth bedroom with an ensuite bath in place of the powder room.

At $193/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

542 Darley Oak Drive None, Dripping Springs, TX 78620

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $499,287
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,589 sqft
Lot Size 0.13 acres (5,532.12 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Heritage
County Hays
Zip Code 78620
$/sqft $193/sqft
Days on Market ,
HOA $600/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT251997346
List Date November 6, 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.

Schedule a Call →

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
600 Meadow Oaks Dr
Meadow Oaks Ph I $500,000 $282 3 bd / 2 ba 1,774 sqft , 2026-10-15
550 Darley Oak Drive None
Heritage $494,509 $188 4 bd / 4 ba 2,628 sqft , 2026-10-22
111 Sacred Fig Road None
Heritage $524,974 $182 5 bd / 4 ba 2,881 sqft , 2026-05-01
280 Bishop Wood Rd
Heritage $459,990 $188 4 bd / 3 ba 2,441 sqft , 2026-09-09
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
$2,397/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
$99,857
20% conventional investment loan

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

Estimated Gross Rent+$2,397
Principal + Interest−$2,725
Property Tax (assumed ~2.1%)−$874
Insurance (assumed ~0.5%)−$208
Est. Monthly Cash Flow $-1,410

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 →

Explore Austin Real Estate

Austin Luxury Homes Sell a Luxury Home Homes with Pool Sell Home Over $2M Investment Properties Rental Properties 1031 Exchange Austin BRRRR Method Austin Austin Market Report Contact Luke Allen
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 7, 2026.

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

Save this home

Create a free account to save favorites and get new-listing alerts.

Already have an account? Log in instead