$550,000
↓ $25K (4.3%)
●
Land -
For Sale
400 Sundown RDG
Austin, TX 78737
Studio
0 Bath
$3,371
Est. Monthly
About This Property
LOCATION + PRIVACY + QUIET = 400 Sundown Ridge in Dripping
Springs situated in the neighborhood off the famed Fitzhugh
corridor, this untouched land offers mature trees, level ground,
native grasses, and wildlife. This lot is not builder
restricted, nor does it have a time frame to build. City
water and electricity available at the street. A septic
system will be needed. The deed restrictions allow for a
minimum of just 1400 square feet for the main residence, and a
minimum of 500 square feet for a guest house. Two animals per
lot, including horses, cows, goats or sheep are allowed.
Zoned for the Dripping Springs school district. This
lot is close to many of the area's local attractions, County parks,
and is an easy drive to downtown Austin, Dripping Springs, and Bee
Cave area. Enjoy the peace and serenity, the wildlife, and
the excellent location.
Unit Size
-
Days on Market
-
Land Size
5.45 acres
Price per sqft
-
Property Type
Land
Property Taxes
$669
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (Unlock MLS #ACT1451422)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 21, 2026 | Price Decreased |
$550,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Mar 6, 2026 | Listed by Keller Williams Realty | $575,000 | |
| Listed by Keller Williams Realty | |||
| Feb 4, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jan 30, 2026 | Listed by Compass RE Texas, LLC | $399,000 | |
| Listed by Compass RE Texas, LLC | |||
 | |||
|
FRAUD ALERT: SELLER IMPERSONATION
THIS PROPERTY IS NOT FOR SALE. A scammer is currently using FAKE IDENTIFICATION to impersonate the legal owners. The rightful owners have confirmed with the title company that this is a listing initiated by a FRAUDULENT SELLER IMPERSONATOR.
DO NOT WIRE FUNDS. Scammer claiming to sell this land refuses in-person meetings and cannot receive mail at the official county address. VERIFY ALL LAND DEALS directly with a title company by certified mail verification or other stronger measures.
| |||
| Dec 20, 2025 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Exterior Details
Waterfront Features: None
Other Structures: None
Lot Features: Cul-De-Sac, Interior Lot, Private, Rolling Slope, Wooded, Trees-Small (Under 20 Ft)
Lot Size Area: 237402
Lot Size Units: Square Feet
Lot Size Acres: 5.45
Lot Size Square Feet: 237402
Water Source: Public
Financial Details
Tax Map Number: 6
Tax Assessed Value: $491,256
Tax Annual Amount: $8,034
Utilities Details
Sewer : Septic Needed
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hays
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Listed by: Lisa Kosub
Listed Office: Keller Williams Realty - Listing courtesy of Unlock MLS
Phone: (512) 346-3550
Last Updated: 2026-06-21 04:01:46
Data Source: Unlock MLS, MLS# ACT1451422
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Keller Williams Realty - Listing courtesy of Unlock MLS
Phone: (512) 346-3550
Last Updated: 2026-06-21 04:01:46
Data Source: Unlock MLS, MLS# ACT1451422
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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