Active Listing  ·  205 days on market

632 Sage Thrasher Cir

Dripping Springs, TX 78620
$674,990
5 Bed 2 Bath 2,618 sqft $258/sqft Built 2026 0.14 acres 3-Car Garage Pool New Construction Headwaters at Barton Creek

The Bluebonnet by David Weekley Homes is a thoughtfully designed two-story home that blends spacious living with refined comfort across 2,618 square feet. With five generously sized bedrooms and four full baths, this floorplan offers exceptional flexibility for growing families, guests, or multi-generational living.

At the heart of the home, the family room impresses with soaring 20-foot vaulted ceilings and expansive walls of windows that flood the space with natural light, creating an open, airy atmosphere perfect for both everyday living and entertaining. The gourmet kitchen is equally stunning, featuring a large island, abundant cabinetry, and premium finishes that make it as functional as it is beautiful.

The owner’s retreat serves as a private sanctuary, complete with a spa-inspired bathroom designed for relaxation, including elegant fixtures and ample space to unwind. Upstairs, a versatile retreat area provides the perfect setting for a game room, media space, or quiet lounge.

A 2-car garage adds convenience, while the overall layout ensures both privacy and connection throughout the home. The Bluebonnet delivers a seamless combination of style, comfort, and practicality—crafted to elevate modern living.

Our EnergySaver™ Homes offer peace of mind knowing your new home in Dripping Springs is minimizing your environmental footprint while saving energy.

Square Footage is an estimate only; actual construction may vary.

At $258/sqft, this home is 46% 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

632 Sage Thrasher Cir, Dripping Springs, TX 78620

Property Details

Price $674,990
Status Active Listing
Beds 5
Full Baths 2
Half Baths ,
Living Area 2,618 sqft
Lot Size 0.14 acres (6,246.5 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Headwaters at Barton Creek
County Hays
Zip Code 78620
$/sqft $258/sqft
Days on Market ,
HOA $459/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT227081132
List Date April 21, 2026
Elementary School WildwoodSprings
Middle School Dripping Springs Middle
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

WildwoodSprings · 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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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 21, 2026 $748,306
Previous ask $695,000
Current ask $674,990
▼ Reduced $73,316 (-9.8%) 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
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
1202 Sage Thrasher Cir
Headwaters
$715,000 $276 4 bd / 3 ba 2,589 sqft , 2026-08-12
612 Canyon Rim Dr
Sunset Canyon Sec V
$624,000 $261 4 bd / 3 ba 2,391 sqft , 2026-04-22
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
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

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
$3,240/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
$134,998
20% conventional investment loan

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

Estimated Gross Rent+$3,240
Principal + Interest−$3,684
Property Tax (assumed ~2.1%)−$1,181
Insurance (assumed ~0.5%)−$281
Est. Monthly Cash Flow $-1,906

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 October 28, 2026.

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

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