Active Listing  ·  204 days on market

612 Canyon Rim Dr

Dripping Springs, TX 78620
$624,000
4 Bed 3 Bath 2,391 sqft $261/sqft Built 1985 1.10 acres 2-Car Garage Pool Sunset Canyon Sec V

STR POTENTIAL!! NO HOA THIS HOME HAS ALL THE UPGRADES AND THE BEST PRICE FOR AN ACREAGE HOME! Tucked beneath a canopy of mature oaks on a this charming 1 acre lot, this home has been tastefully updated in sought after Sunset Canyon! This Dripping Springs retreat offers a peaceful blend of privacy, space, and Hill Country charm. With NO HOA and city water, the property backs to a serene greenbelt with a wet weather creek, creating a setting that feels like your own private escape just minutes from town.

The thoughtfully designed two-story layout features a spacious primary suite on the main level with french doors out to the deck and a chic bathroom. At 2,391 sqft, the home includes 4 bedrooms, 2.5 baths, two living areas, and a beautiful renovated kitchen. Tastefully updated with quartz countertops, modern cabinetry, upgraded appliances, a farmhouse sink, gold fixtures and a beverage bar and wine fridge included. While the main living room offers a cozy place to relax, the spacious upstairs living room is ideal for movie night, lounging, and hanging out. The outdoor balcony is a bonus!

Recent Updates & Improvements: Kitchen remodel, wood-look tile flooring, new carpet, updated marble bath vanities, newer roof with spray foam insulation, gutters and fencing, 2 AC units, 55k in new Andersen windows, and an updated electrical panel.

Step outside to enjoy the expansive private yard shaded by an oversized oak tree, complete with a large deck for entertaining, a playscape with turf, and a chicken coop.

Dripping Springs ISD, Sycamore Springs schools.

Deck may need some love-as is. Chicken coop, playscape, kitchen and garage fridge and washer/dryer included, chickens negotiable!

**Buyer and Buyer's Agent are responsible for conducting all due diligence and verifying all information, including but not limited to property condition, utilities, zoning, permits, taxes, schools, and square footage.**

At $261/sqft, this home is 45% 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

612 Canyon Rim Dr, Dripping Springs, TX 78620

Property Details

Price $624,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,391 sqft
Lot Size 1.10 acres (48,046.68 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sunset Canyon Sec V
County Hays
Zip Code 78620
$/sqft $261/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,801.14
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220823630
List Date April 22, 2026
Elementary School Sycamore Springs
Middle School Sycamore Springs
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Sycamore Springs · Sycamore Springs · 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.

Schedule a Call →

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 · April 22, 2026 $775,000
Previous ask $650,000
Current ask $624,000
▼ Reduced $151,000 (-19.5%) 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
237 Moonlit Stream Pass
Headwaters At Barton Creek Ph 4 Sec 4
$595,000 $209 4 bd / 3 ba 2,847 sqft , 2026-06-17
724 Dayridge Dr
Headwaters At Barton Creek Ph 1
$590,000 $222 4 bd / 3 ba 2,653 sqft , 2026-09-02
127 Moonlit Stream Pass
Headwaters At Barton Creek Ph 4 Sec 4
$580,000 $219 4 bd / 3 ba 2,649 sqft , 2026-10-30
657 Moonlit Stream Pass
Headwaters At Barton Creek Ph 4 Sec 4
$674,900 $256 4 bd / 4 ba 2,632 sqft , 2026-11-10
632 Sage Thrasher Cir
Headwaters at Barton Creek
$674,990 $258 5 bd / 2 ba 2,618 sqft , 2026-04-21

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
$2,995/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
$124,800
20% conventional investment loan

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

Estimated Gross Rent+$2,995
Principal + Interest−$3,405
Property Tax (assumed ~2.1%)−$1,092
Insurance (assumed ~0.5%)−$260
Est. Monthly Cash Flow $-1,762

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 3, 2026.

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

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