Active Listing  ·  64 days on market

547 Shelf Rock Rd

Driftwood, TX 78619
$899,999
3 Bed 4 Bath 3,622 sqft $248/sqft Built 2008 1.26 acres 3-Car Garage Pool Rim Rock Ph Three Sec Two

NEW PRICE! Hill Country Elegance, meets Modern Comfort. Welcome to this stunning property located in the peaceful Rim Rock neighborhood. This home combines timeless architectural style with wide-open spaces and mature trees. Three generous main-level bedrooms with a possible 4th bedroom or dedicated office. There are 3 full bathrooms and a 4th full bathroom upstairs just off of the extra large gameroom/office/guest bedroom combo space. Features open concept living for the eat-in kitchen and a covered patio with an outdoor fireplace that is ideal for entertaining. Unbelievable 3 car garage upgrades include sparkling floors and storage cabinets and finished-out spaces. Open Houses Saturday and Sunday!

At $248/sqft, this home is 30% below the Driftwood active market average of $354/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

547 Shelf Rock Rd, Driftwood, TX 78619

Property Details

Price $899,999
Status Active Listing
Beds 3
Full Baths 4
Half Baths ,
Living Area 3,622 sqft
Lot Size 1.26 acres (54,842.04 sqft)
Year Built 2008
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rim Rock Ph Three Sec Two
County Hays
Zip Code 78619
$/sqft $248/sqft
Days on Market ,
HOA $150/Semi-Annually
Annual Tax Est. $14,813.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245541322
List Date September 9, 2026
Elementary School Cypress Springs
Middle School Sycamore Springs
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Cypress Springs · Sycamore Springs · Dripping Springs

Luke Allen (TREC #788149) has deep knowledge of Driftwood 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 · September 9, 2026 $915,000
Current ask $899,999
▼ Reduced $15,001 (-1.6%) 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 Driftwood

Comparable Listings Right Now

Homes currently for sale in Driftwood 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
260 Hawthorne Loop
Rim Rock
$995,000 $329 4 bd / 3 ba 3,020 sqft , 2026-09-30
246 Southern Sunset Cv
Rim Rock Ph Three Sec Three
$795,000 $282 4 bd / 4 ba 2,824 sqft , 2026-08-05
215 SANDY CREEK Cv
Rim Rock Ph 1 Sec 1
$1,174,990 $390 4 bd / 4 ba 3,011 sqft , 2026-08-29

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
$4,320/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
$180,000
20% conventional investment loan

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

Estimated Gross Rent+$4,320
Principal + Interest−$4,912
Property Tax (assumed ~2.1%)−$1,575
Insurance (assumed ~0.5%)−$375
Est. Monthly Cash Flow $-2,542

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 Driftwood, TX

Driftwood sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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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 8, 2026.

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

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