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Somerset Elevation B
Under construction
  • 3 bd
  • 2.5 ba
  • 1,950 sqft
Home inHeritagebyM/I HomesSomerset - Smart Series Plan

531 Bishop Wood Rd, Dripping Springs, TX 78620

$394,990

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  • Single-Family
  • Ready by December 2026
  • $202.56/sqft
  • $50/monthly HOA

Home description

Welcome to 531 Bishop Wood Road, Dripping Springs — a beautifully crafted new construction home built by M/I Homes. This 2-story home offers 1,950 square feet of thoughtfully designed living space, featuring 3 bedrooms, 2 full bathrooms, and 1 half bathroom.

Step inside to discover an open-concept living space that creates a seamless flow between gathering areas, perfect for everyday living and entertaining. The quality of design is evident throughout, with carefully selected finishes and attention to detail in every room. The owner's bedroom includes a private en-suite bathroom, providing a comfortable retreat at the end of the day.

Outside, a covered patio extends your living space and offers a great spot for relaxing or hosting guests in any weather.

Key Features:

  • New construction by M/I Homes

  • 1,950 square feet of living space

  • 2-story floorplan with 3 bedrooms

  • 2 full bathrooms and 1 half bathroom

  • Open-concept living space

  • Owner's bedroom with private en-suite bathroom

  • Covered patio

  • Quality design and craftsmanship throughout

This home is situated in a welcoming neighborhood with convenient proximity to parks, making it easy to enjoy the natural beauty and outdoor recreation that Dripping Springs is known for. The surrounding area offers a friendly atmosphere and well-maintained surroundings that complement the quality of this home.

May also be listed on the M/I Homes website

Information last verified by Jome: Today at 8:18 AM (August 21, 2026)

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Estimated value based on Jome data, T&C apply

Home details

*Pricing and availability are subject to change.
Property status:
Under construction
Size:
1,950 sqft
Stories:
2
Beds:
3
Baths:
2
Half baths:
1
Garage spaces:
2
Somerset - Smart Series image

Floor plan details

Somerset - Smart Series

from$359,990
  • 3 bd
  • 2.5 ba
  • 1,950 sqft

View Somerset - Smart Series details

Somerset - Smart Series

Construction details

Builder Name:
M/I Homes
Completion Date:
December, 2026

Home features & finishes

Garage/Parking:
Garage
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Community details

Heritage

by M/I Homes, Dripping Springs, TX

from$329,990
  • 26 homes
  • 28 plans
  • 1,403 - 3,365 sqft

View Heritage details

Heritage

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About the builder - M/I Homes

M/I Homes
With a legacy of building homes for nearly five decades, M/I Homes was founded on the principle of "treating the customer right." This commitment guides the company in constructing a diverse range of new construction homes, from single-family residences to townhomes. The builder's reputation is built on delivering a quality home and ensuring customer satisfaction throughout the building process.
View M/I Homes builder profile >

Neighborhood

Home address

531 Bishop Wood Rd, Dripping Springs, TX 78620
City:
Dripping Springs
County:
Hays
Zip Code:
78620
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Schools in Dripping Springs Independent School District

Bishop Wood Rd by M/I Homes is supported by the Dripping Springs Independent School District, giving residents access to a consistent school progression. Younger children enroll at Walnut Springs Elementary, a public school teaching Elementary grades and situated 1.1 mi from the community. Dripping Springs Middle (Middle grades) lies approximately 1.3 mi away. Their educational journey culminates at Dripping Springs High School, serving High grades within 0.6 mi and listing a rating of 7. This structure provides families with a clear local school pathway.
GreatSchools.org logo

GreatSchools’ Summary Rating calculation is based on 4 of the school’s themed ratings, including test scores, student/academic progress, college readiness, and equity. This information should only be used as a reference. Jome is not affiliated with GreatSchools and does not endorse or guarantee this information. Please reach out to schools directly to verify all information and enrollment eligibility. Data provided by GreatSchools.org © 2025

More homes in Dripping Springs Independent School District

Places of interest

Park
Barton Creek Greenbelt17.2 mi
Zilker Park19.8 mi
McKinney Falls State Park22.4 mi
Education
Austin Community College - South Austin Campus17.9 mi
Austin Community College - Hays Campus18.2 mi
Texas Health and Science University18.7 mi

Getting around

When considering a move to Bishop Wood Rd by M/I Homes, understanding travel options is important for lifestyle planning. Walking conditions are rated Car-Dependent with a Walk Score of 29, which helps define the balance between driving and walking. The Bike Score of 29 (Somewhat Bikeable) provides further context on recreational or functional cycling opportunities. This data helps outline commuting in and around Dripping Springs.
Walk score ®
29 /100
Car-Dependent
Bike score ®
29 /100
Somewhat Bikeable

Air quality

Noise level

Data regarding local noise conditions near Heritage by M/I Homes breaks down environmental sound into specific categories for a detailed view. The overall acoustic profile is rated as Calm, based on a Noise Score of Calm. Contributing elements include traffic noise, listed as Active, alongside local sources (Calm) and airport noise (Calm). This report offers a factual look at the area's soundscape.
83
50Calm100
Traffic noiseActive
Local sources noiseCalm
Airports noiseCalm

A Soundscore™ rating is a number between 50 (very loud) and 100 (very quiet) that tells you how loud a location is due to environmental noise.

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