Active Listing  ·  6 days on market

560 Darley Oak Drive None

Dripping Springs, TX 78620
$399,303
3 Bed 3 Bath 1,931 sqft $207/sqft Built 2026 0.13 acres 2-Car Garage Pool New Construction Heritage
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About This Home

While the primary suite lives like a private oasis on the main level, two secondary bedrooms and a loft are upstairs. This cozy two-story was designed to make a huge impact. From the vaulted space and modern staircase in the foyer, the layout feels bright, spacious and welcoming. A state-of-the-art kitchen features an oversized island and walk-in pantry. A covered patio makes the backyard a natural extension of your living space.

At $207/sqft, this home is 56% 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

560 Darley Oak Drive None, Dripping Springs, TX 78620

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Property Details

Price $399,303
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,931 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 $207/sqft
Days on Market ,
HOA $600/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT251969395
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.

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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
1108 Lucca Dr #3
The Retreat At Dripping Spgs $399,000 $221 3 bd / 3 ba 1,806 sqft , 2026-05-29
132 Heritage Forest Pkwy
Heritage $399,990 $175 4 bd / 3 ba 2,289 sqft , 2026-10-29
459 Bishop Wood Rd
Heritage $394,990 $173 4 bd / 3 ba 2,289 sqft , 2026-09-17
523 Bishop Wood Rd
Heritage $389,990 $178 4 bd / 3 ba 2,195 sqft , 2026-09-17
467 Bishop Wood Rd
Heritage $389,990 $178 4 bd / 3 ba 2,195 sqft , 2026-09-29

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
$1,917/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
$79,861
20% conventional investment loan

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

Estimated Gross Rent+$1,917
Principal + Interest−$2,179
Property Tax (assumed ~2.1%)−$699
Insurance (assumed ~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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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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 →

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