
5 bed, 4 bath, 4,771 sqft on 0.65 acres in Dripping Springs. Dripping Springs, TX 78620. $1,149,900. Dripping Springs ISD.
MLS# 5929659 - Built by Drees Custom Homes - Oct 2026 completion! ~ New 5 Bedroom, 4.5 Bath home in Dripping Springs, TX! High ceilings, arches and niches characterize the Colinas II, lending it a graceful elegance. From the foyer you pass a formal dining room and a spacious home office, a perfect arrangement for entertaining clients or guests. An expansive family room is matched by the trendy outdoor living area, each having a cozy fireplace. The deluxe gourmet kitchen features a brilliant working pantry connecting to the dining room as well as an ample serving island, walk-in pantry, and light-filled breakfast room. The combination of the laundry room and family foyer makes a handy family ready room. Bedrooms flank this main-level living space: a second bedroom suite on one side, and on the other, the immense primary suite with its large walk-in closet and breathtaking luxury tub and glass shower pairing. Upstairs, there are three roomy bedrooms along with a gameroom and a media space.
Hidden on a cul-de-sac lot in Caliterra within Dripping Springs ISD, 396 Waters View Ct offers the kind of privacy that's increasingly rare in the Austin metropolitan area. The home sits on 0.648 acres with greenbelt backing, ensuring your neighbors' activities remain at a distance while maintaining clear sight lines to your own grounds.
Built by Drees Custom Homes and completed in September 2026, this 4,771-square-foot residence was designed for people who understand the difference between open floor plans and thoughtless ones. The Colinas II floor plan separates formal living spaces from the everyday family zones. A dedicated home office sits near the formal dining room, allowing you to host client meetings without disrupting household rhythm. The primary suite anchors the main floor on one side, while a second bedroom suite occupies the opposite wing, creating genuine separation for guests or family members who value independence.
The kitchen operates as a working space rather than a display. Gas cooktop, built-in wall ovens, and a walk-in pantry are positioned for actual function. The breakfast room connects to a family foyer that flows naturally into the laundry area, recognizing that efficient homes work for their inhabitants, not against them. Upstairs, three additional bedrooms provide flexible space for children, offices, or visiting family, while a dedicated media room and gameroom offer genuine separation from sleeping areas.
Architectural details appear throughout. The main floor features high ceilings with arches and niches that add dimension without artifice. Both the family room and rear porch have fireplaces, with the outdoor living area covered and purposefully situated for Dripping Springs' climate. Concrete and hardiboard construction with stone on all sides provides durability. Smart home systems, wired for data and sound, integrate heating, lighting, and security without requiring constant attention.
The location serves commuters heading toward central Austin while maintaining Dripping Springs' independent character. Walnut Springs Elementary, Dripping Springs Middle, and Dripping Springs High School serve the area. The three-car garage, automatic sprinkler system with rain sensors, and substantial storage throughout reflect practical planning.
At $241 per square foot, this property values substance over novelty. The private setting combined with thoughtful design and new construction reliability appeals to buyers who've learned what truly matters in a home.
Verified property facts
396 Waters View CT is listed at $1,149,900 with 5 bedrooms, 4 full, 1 half bathrooms, 4,771 square feet, 0.65-acre lot. This places it above the ZIP 78620 single-family closed-sale median price of $867,000 (ZIP 78620 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 1, 2026).
396 Waters View CT is zoned for Dripping Springs ISD with assigned schools: Walnut Springs (elementary), Dripping Springs Middle (middle), Dripping Springs (high). School assignments should be verified directly with the district.
396 Waters View CT is a Residential built in 2026 featuring 5 bedrooms, 4 full, 1 half bathrooms, 4,771 square feet, 0.65-acre lot.
396 Waters View CT is listed by HomesUSA.com. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Oct 2, 2026.
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1 record on file
Every recorded listing, sale, and lease at 396 Waters View CT, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Pending with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $173,464 | $173,464 | — |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($230K)
Adjustable assumption - not a lending recommendation.
$1,149,900
Luxury property intelligence
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List price
$1,149,900
Price per sqft
$241/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
168 days
Original to current
No verified reduction
$1.1M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 2, 2026.
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This page does not assume a mortgage rate or publish a monthly payment for 396 Waters View CT. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 2, 2026, 396 Waters View CT is offered at $1,149,900. The current MLS snapshot shows 223 active listings in 78620. Keenan Group has completed 15 verified transactions in 78620 within its 1,000+ completed transactions and $1B+ career volume across Austin.
The MLS listing reports HOA or association dues of $1,500 annual for 396 Waters View CT. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
3 events on record
Current Price
$1,149,900
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $173,464 | $173,464 | — |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
| Address | Offered At |
|---|---|
| 164 Carentan Cv | $1.14M |
| 158 Carentan Cv | $820K |
| 306 Saddlehorn Dr | $1.40M |
| 265 Quinn Dr | $1.09M |
| 32635 Ranch Road 12 Rnch | $940K |
| 500 Hazy Hills Loop | $797K |
| 120 Nodena Dr | $600K |
| 708 Bunker Ranch Blvd | $780K |
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