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  • Zillow Home logoZestimate®
    $489,400

    240 Grayson Elm Pass, Dripping Springs, TX 78620

    5beds
    2,716sqft
    Single Family Residence
    Built in 2026
    -- sqft lot
    $489,400 Zestimate®
    $180/sqft
    $3,948 Estimated rent

    Home value

    $489,400

    $465,000 - $514,000

    $3,948/mo

    Zestimate® history
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    $3,574/mo

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    What's special

    Open-concept living space

    Welcome to 240 Grayson Elm Pass, Dripping Springs, TX — a stunning new construction home built by M/I Homes. This 2-story home offers 2,716 square feet of thoughtfully designed living space with 5 bedrooms and 4 bathrooms, perfect for families of every size. Step inside to discover an open-concept living space that creates a seamless flow between the main gathering areas. The quality of design is evident throughout, from the well-appointed finishes to the functional layout that balances everyday comfort with style. The owner's bedroom features a private en-suite bathroom, providing a peaceful retreat at the end of each day. Outside, a covered patio extends your living space and offers an ideal setting for relaxing or entertaining year-round. Home Highlights: 5 bedrooms and 4 bathrooms 2,716 square feet of living space 2-story new construction by M/I Homes Open-concept living space Covered patio for outdoor enjoyment Owner's bedroom with private en-suite bathroom High-quality design and finishes throughout This home is situated in a welcoming neighborhood that offers convenient proximity to parks, making it easy to enjoy the natural beauty and outdoor recreation that Dripping Springs is known for. The surrounding area provides a family-friendly atmosphere with well-maintained green spaces nearby for walking, playing, and unwinding.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Source: M/I HomesMLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Interior area
    • Total interior livable area: 2,716 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Levels: 2.0
    • Stories: 2

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New Construction,Under Construction
    • New construction: Yes
    • Year built: 2026
    Details
    • Builder name: M/I Homes

    Community & HOA

    Community
    • Subdivision: Heritage
    Location
    • Region: Dripping Springs

    Financial & listing details

    • Price per square foot: $180/sqft
    • Date on market: 6/23/2026

    Price history

    DateEventPrice
    9/2/2026Listing removed$499,990$184/sqft
    Source: M/I Homes Report a problem
    8/25/2026Price change$499,990-6%$184/sqft
    Source: M/I Homes Report a problem
    6/23/2026Listed for sale$531,990$196/sqft
    Source: M/I Homes Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 78620

    Nearby schools

    GreatSchools rating
    Schools provided by the MLS
    • District: Dripping Springs

    Source: M/I Homes. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $489,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $489,400