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$1,049,900
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5 bed, 5 bath, 4,681 sqft on 0.29 acres in Dripping Springs. Dripping Springs, TX 78620. $1,049,900. Dripping Springs ISD.
MLS# 8282821 - Built by Drees Custom Homes - Jun 2026 completion! ~ Beautiful 5-Bedroom Home in Dripping Springs, TX! Whether your style is classic or? contemporary, this thoughtfully designed floor plan is sure to meet your needs. From the elegant two-story foyer to the open, inviting spaces of the family room, dining area, and kitchen, the Somerville shines with both charm and functionality. The spacious kitchen features a large oversized island, perfect for entertaining, and a walk-in pantry to keep everything organized. The luxurious primary suite is a true retreat, complete with a stunning bathroom and a generously sized closet. Upstairs, you'll find a spacious game room and media room?ideal for hosting family and friends along with three additional bedrooms. Every detail in this home is designed with comfort and style in mind.
New construction at $224 per square foot is the clearest advantage here, especially for a 4,681 square foot single-family home with 5 bedrooms, 5 full baths, and 1 half bath in Dripping Springs. At 588 Premier Park Loop in Dripping Springs, this is a 2026 build on a 0.286 acre lot in Hays County, giving buyers the combination that matters in this segment: fresh construction, substantial interior volume, and a lot size that supports presence without pushing maintenance into a different category.
The numbers tell the story quickly. At $1.05 million, the home delivers a large footprint with a layout built for households that need separation as much as gathering space. The plan centers on a two-story foyer and opens into the family room, dining area, and kitchen, which is the right move for how buyers actually use square footage today. An oversized island and walk-in pantry add practical value, not just visual impact, and the primary suite is positioned as a true private zone with a large bath and closet. Upstairs, the game room, media room, and three additional bedrooms create real flexibility for multigenerational living, long-term guests, or households that need dedicated recreation space without giving up bedroom count.
There is also a timing and positioning angle worth noting. With year built listed as 2026 and days on market at 37, this home sits in the newer end of the Dripping Springs inventory spectrum, which matters for buyers comparing finish levels, energy performance, maintenance expectations, and near-term capital needs. A new build of this size reduces the usual tradeoff between getting enough bedrooms and getting a floor plan that still feels current.
For buyers focused on value discipline, the mix is straightforward: 5 bedroom scale, 5.5 bath utility, a 0.286 acre homesite, and a large modern layout at a price point that stays rational on a per-square-foot basis. In a market where land, usable square footage, and replacement cost all shape long-term decisions, 588 Premier Park Loop is positioned as a practical hold for buyers who want size, newness, and flexibility in Dripping Springs.
Verified property facts
588 Premier Park LOOP is listed at $1,049,900 with 5 bedrooms, 5 full, 1 half bathrooms, 4,681 square feet, 0.29-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).
588 Premier Park LOOP is zoned for Dripping Springs ISD with assigned schools: Walnut Springs (8/10) (elementary), Dripping Springs Middle (middle), Dripping Springs (8/10) (high). School assignments should be verified directly with the district.
588 Premier Park LOOP is a Residential built in 2026 featuring 5 bedrooms, 5 full, 1 half bathrooms, 4,681 square feet, 0.29-acre lot.
588 Premier Park LOOP is listed by HomesUSA.com. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using public records data reviewed as of Jun 15, 2026.
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1 record on file
Every recorded listing, sale, and lease at 588 Premier Park LOOP, 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 | — | $162,623 | $162,623 | — |
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% ($210K)
Adjustable assumption - not a lending recommendation.
$1,049,900
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List price
$1,049,900
Price per sqft
$224/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$50K reduction
$1.1M original
Active inventory context
Ask for current inventory
Source: Public records and Keenan Group review as of Jun 15, 2026.
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This page does not assume a mortgage rate or publish a monthly payment for 588 Premier Park LOOP. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Jun 15, 2026, 588 Premier Park LOOP is offered at $1,049,900. 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 588 Premier Park LOOP. 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.
1 event on record
Current Price
$1,049,900
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $162,623 | $162,623 | — |
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 |
| 200 Twidwell Dr | $535K |
| 500 Hazy Hills Loop | $797K |
| 120 Nodena Dr | $600K |
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