$850,000
Last List Price504 Terrace Canyon DR, Dripping Springs, TX 78620
4
beds
3
baths
2,445
sqft
1.47
acres
About This Home
Listings checked every few minutes. MLS# 8645843 was Last Updated: 05-22-2025.
Listed by Kim Bullock, Magnolia Realty Austin Hill Co (512) 748-5569
Buyer Represented by Michelle Diegle, Kuper Sotheby's Int'l Realty (512) 785-0230
Neighborhood
Assigned Schools
Listing courtesy of Unlock MLS as distributed by MLS Grid. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but is not guaranteed accurate by MLS Grid or Unlock MLS.
What is the Sunset Canyon neighborhood like?
Sunset Canyon is located 25 minutes west of downtown Austin in Dripping Springs, with over 110 homes situated on 1+ acre lots overlooking the Hill Country. The established neighborhood combines Hill Country character with modern conveniences, offering median prices around $730,000. Homes range from 1980s construction to newer builds, many featuring expansive views and mature landscaping. The low tax rate and abundance of acreage attract buyers seeking stability and land ownership without premium pricing typical of closer-in master-planned communities. Properties in Sunset Canyon typically span 1+ acres with mature trees, spacious layouts for horses or agricultural projects, and direct views toward the Texas Hill Country landscape. Real estate values have declined approximately 14% year-over-year as of early 2026, with median days on market around 66-67 days reflecting a shift toward realistic pricing after the previous seller's market. The inventory situation in Dripping Springs broadly shows 8,000 permitted new residential lots across the jurisdiction, creating a buyer-favorable market with realistic pricing.
What employers are near 504 Terrace Canyon DR?
- Austin-based tech employers (Technology)
- Healthcare systems (Healthcare)
- HEB (Retail)
How does this property compare to others in Sunset Canyon?
504 Terrace Canyon DR is listed at $850K vs. the $842K median in Sunset Canyon. The neighborhood average is $368/sqft. Homes in Sunset Canyon average 59 days on market.
| Metric | Sunset Canyon |
|---|---|
| Median List Price | $842K |
| Median Sold Price | $825K |
| Average Days on Market | 59 |
| Average Price per Sqft | $368 |
| Active Listings | 10 |
Market data as of May 2026.
Frequently Asked Questions
How much is 504 Terrace Canyon DR?
504 Terrace Canyon DR is listed for $850,000. It features 4 bedrooms, 3 bathrooms, 2,445 square feet, 1.468 acres. Built in 1996.
What neighborhood is 504 Terrace Canyon DR in?
504 Terrace Canyon DR is located in the Sunset Canyon neighborhood of Dripping Springs, Texas.
How does 504 Terrace Canyon DR compare to other homes in Sunset Canyon?
The asking price of $850,000 is 0.9% higher than the median home price of $842K in Sunset Canyon. At $348/sqft, it compares to the neighborhood average of $368/sqft.
What are the details of 504 Terrace Canyon DR?
504 Terrace Canyon DR was built in 1996, and sits on 1.468 acres of land, and is a single family residence style home.
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