Caliterra Homes for Sale

Caliterra, a master-planned community in Dripping Springs, Texas (78620 zip code), offers a luxurious Hill Country lifestyle with a focus on nature. Spanning 600 acres along Onion Creek off Ranch Road 12, just one mile south of Highway 290, this development, started in 2014 by Allegiant Realty Partners and now expanding under SR Capital Management, features 848 homes at full build-out. Homes, built by Drees, Scott Felder, and Brookfield Residential, range from 3,000 to 5,000 square feet, priced from $500,000 to $2M, showcasing modern, craftsman, and Hill Country designs. Many sit on 80- to 100-foot lots, with over half backing to greenbelts. The Ranch at Caliterra, a $40M expansion begun in 2025, adds 232 homesites, opening December 2026.

Amenities emphasize outdoor living, with over 250 acres of parkland, including trails, a fishing pier, and picnic areas along Onion Creek. The Cove features a pool, clubhouse, dog park, coffee bar, and event barn. The Ranch will add a fitness center, lap pool, and event pavilion by late 2025. Residents enjoy proximity to Dripping Springs’ Salt Lick BBQ, Jester King Brewery, and Hill Country Galleria (15 miles) for dining and shopping. Austin is 35 minutes away, and Austin-Bergstrom International Airport is 31 miles.

 

The Caliterra real estate market is competitive, with a median sale price of $750,000 in 2025, stable year-over-year, and homes selling in about 30 days, per ACTRIS MLS data. Property tax rates in Hays County dropped to 1.4669% in 2023 from 1.7107% in 2021.

Served by the acclaimed Dripping Springs Independent School District, residents attend Walnut Springs Elementary, Dripping Springs Middle, and Dripping Springs High, all praised for academic excellence. Caliterra’s natural beauty, robust amenities, and top schools make it ideal for families seeking a serene yet connected lifestyle.