Cannon Ranch is a new construction neighborhood in Dripping Springs, Texas, built exclusively by Ashton Woods. The first homes were delivered in 2024, and construction is ongoing. When complete, the community will include approximately 350 homes across two product lines: the 40s Collection on 40-foot-wide lots and the 45s Collection on 45-foot-wide lots. Cannon Ranch sits just north of Highway 290 off Ranch Road 12, with easy access to downtown Dripping Springs and the broader Austin metro.
Dripping Springs has grown into one of the most sought-after destinations in the Austin area, and for good reason. The city is known as the Gateway to the Hill Country, putting residents close to Hamilton Pool Preserve, Pedernales Falls State Park, and miles of scenic Hill Country roads. Closer to home, the Mercer Street District gives you a walkable stretch of local restaurants, breweries, coffee shops, and boutiques that draw visitors from across the region. It is a city that has developed its own identity well beyond the suburb label.
The neighborhood is zoned to Dripping Springs ISD and carries no Public Improvement District (PID) assessment, which keeps the total cost of ownership lower than several nearby communities. Combined with an HOA of approximately $43 per month, Cannon Ranch is one of the more affordable entry points into Dripping Springs new construction. Read on for a full breakdown of home prices, floor plans, taxes, and what it is like to live here. Scroll down to continue reading our Cannon Ranch Neighborhood Guide.
Cannon Ranch Homes for Sale
SEARCH ALL CANNON RANCH HOMES FOR SALENo Email Required! Cannon Ranch Neighborhood Map
Cannon Ranch is located just north of Highway 290. To get to Cannon Ranch, take 290 towards Dripping Springs and head north on RR 12. Make a right on Founders Park Road. Make a rich on Lone Peak Way. Make a right on Denali Way. Cannon Ranch is shaded on the interactive map below. Explore other Dripping Springs neighborhoods in our Dripping Springs Neighborhood Guide. Scroll down to continue reading our Cannon Ranch neighborhood guide.
About Cannon Ranch
Cannon Ranch is one of Dripping Springs’ newest neighborhoods, built exclusively by Ashton Woods. The first homes were sold in 2024, and construction continues today. When complete, the community will have approximately 350 homes.
Ashton Woods offers two collections at Cannon Ranch: the 40s Collection, built on 40-foot-wide lots, and the 45s Collection, built on 45-foot-wide lots. Together, the two collections include 15 floor plans, giving buyers a range of options in size, layout, and price point.
Cannon Ranch is located just north of Highway 290, off Ranch Road 12, making it convenient to both downtown Dripping Springs and the greater Austin area.
Cannon Ranch Home Prices
Based on MLS data from the past 12 months (June 2025 through June 2026), here is a look at the Cannon Ranch real estate market:
- Closed Sales: 42 homes
- Median Closed Price: $440,660
- Average Closed Price: $441,476
- Price Range (Closed): $365,000 to $525,000
- Median Square Footage: 2,198 sq ft
- Square Footage Range: 1,466 to 2,904 sq ft
- Bedrooms: 3 to 6
- Average Days on Market: 34 days
- Average Close-to-List Ratio: 98.83%
Currently active listings range from $464,652 to $523,439, with an average list price of $499,826. As new construction continues, Ashton Woods prices to-be-built homes from the upper $300s to the upper $500s depending on floor plan and lot.
Data reflects MLS statistics for the Cannon Ranch subdivision in Dripping Springs, TX. Market conditions change frequently. Contact us for current pricing and availability.
Cannon Ranch Floor Plans
Ashton Woods builds all homes in Cannon Ranch across two collections. The 40s Collection offers seven floor plans on 40-foot-wide lots, and the 45s Collection offers eight floor plans on slightly wider 45-foot lots. All homes are single-family residences.
40s Collection (7 Floor Plans)
- Buchanan
- Canyon
- Conroe
- Granbury
- Ladybird
- McKinney
- Travis
45s Collection (8 Floor Plans)
- Blake
- Brodie
- Cartwright
- Cassidy
- Colton
- Georgia
- Knox
- Wyatt
Floor plans range from approximately 1,466 to 2,904 square feet, with 3 to 6 bedrooms. Several plans offer options like a primary suite on the main floor, all bedrooms upstairs near the laundry room, or a flexible space that can serve as a home office or additional bedroom. You can explore all floor plans and current availability directly on Ashton Woods’ website.
Why Cannon Ranch? No PID, No Problem
One of the most significant financial advantages Cannon Ranch has over other nearby Dripping Springs communities is the absence of a Public Improvement District, commonly referred to as a PID.
A PID is a special assessment district created to help finance community improvements such as amenity centers, resort-style pools, and infrastructure upgrades. While PIDs are common in newer master-planned communities, they come with an added cost: homeowners pay an annual PID assessment on top of their regular property taxes and HOA dues.
Neighboring Heritage, for example, carries a PID fee estimated at approximately $300 per month, depending on lot size. Over the course of a year, that adds up to roughly $3,600 in additional housing costs, above and beyond your mortgage, property taxes, and HOA dues.
Cannon Ranch has no PID. Your total ongoing costs are:
- Property Tax Rate: 1.68% (as of the 2025 tax year)
- HOA Dues: Approximately $43 per month
- PID Assessment: None
For buyers who are watching their monthly budget closely, that difference is meaningful. You get a quality Ashton Woods home in Dripping Springs ISD without the extra layer of fees.
| Cannon Ranch | Heritage | |
|---|---|---|
| Base Tax Rate | 1.68% | ~1.7% |
| PID Fee | None | ~$300/month* |
| HOA | ~$43/month | $50/month ($600/year) |
| On-Site Amenity Center | No (Founders Park nearby) | Yes |
| Builder | Ashton Woods (exclusive) | M/I Homes, Tri Pointe |
*Heritage PID fee is estimated at approximately $300/month and varies by lot size. Verify current amounts with the City of Dripping Springs.
Cannon Ranch Amenities
Cannon Ranch is not a master-planned community with an on-site amenity center, and the lower HOA dues and absence of a PID reflect that. The focus here is on the neighborhood itself, a well-designed collection of Ashton Woods homes with access to the outdoor life that makes the Dripping Springs area worth living in.
Within the community, Cannon Ranch features two acres of green space and picnic areas where residents can spend time outside without leaving the neighborhood.
Founders Park is just a short walk from Cannon Ranch and offers much more. As a public city park, Founders Park includes a swimming pool, playgrounds, soccer and football fields, and covered pavilions. There is no membership required to use Founders Park. It is open to all Dripping Springs residents as a community resource.
Cannon Ranch’s location also puts you close to some of the most scenic natural areas in Central Texas. Hamilton Pool Preserve, one of the most visited destinations in the Texas Hill Country, is just a short drive away. The Dripping Springs area is often called the Gateway to the Hill Country, and that reputation is well-earned: hiking trails, swimming holes, and state parks are all within easy reach.
Cannon Ranch HOA
The Cannon Ranch HOA is approximately $43 per month. Dues cover maintenance of the community’s common areas, including the green space and picnic areas within the neighborhood.
Because Cannon Ranch does not have an on-site pool, clubhouse, or fitness center, the HOA dues are lower than what you would typically find in a community with those amenities. Founders Park, the nearby public park, provides recreational options at no additional cost.
Living in Cannon Ranch
Cannon Ranch sits in the heart of Dripping Springs, one of the fastest-growing communities in the Austin metro area. The neighborhood offers a relaxed Hill Country feel with convenient access to shopping, dining, and the city.
Downtown Dripping Springs’ Mercer Street District is just a few minutes away. It is home to a growing collection of local restaurants, breweries, coffee shops, and boutiques that have helped establish Dripping Springs as a destination well beyond the suburb label. The local food and beverage scene draws visitors from across the metro, and residents of Cannon Ranch have it right in their backyard.
For commuters, Cannon Ranch’s location along Highway 290 provides direct access to southwest Austin, the MoPac corridor, and downtown Austin. The drive to central Austin is typically 35 to 45 minutes depending on traffic conditions.
Cannon Ranch Schools
Children who live in Dripping Springs’ Cannon Ranch neighborhood are served by the Dripping Springs ISD and will likely attend the following schools:
- Wildwood Springs Elementary - Not Yet Rated
- Dripping Springs Middle - 8/10
- Dripping Springs High - 7/10
School ratings reflect Great Schools ratings as of September 2026. Ratings are subject to change at any time. Please verify ratings and boundaries with the school district.
Cannon Ranch Property Tax Rate
The property tax rate for Dripping Springs’ Cannon Ranch neighborhood is 1.68% as of the 2025 tax year.
Cannon Ranch Neighborhood Photos
Dripping Springs Realtor Specializing in Cannon Ranch
Rebecca Jacks and Raymond Stoklosa are Dripping Springs Realtors specializing in Cannon Ranch homes. Whether you’re looking to buy or sell a home in Cannon Ranch, Rebecca and Raymond know the area well and have the experience and tools necessary to make your next real estate transaction stress free. For more info about who we are and how we work, check out Buying a Home in Cannon Ranch and Selling a Home in Cannon Ranch.
