Caliterra vs. Headwaters: The Complete Dripping Springs Master-Plan Comparison

Caliterra

Caliterra sits on Highway 290 just west of the town core, anchored along Onion Creek with substantial natural greenbelt, a creekside amenity center, lap and resort pools, parks, and a tight network of trails. The community has matured into a real lifestyle hub — events, food trucks, neighborhood gatherings — and feels denser and more walkable than Headwaters.

Pricing typically runs $650K–$1.3M for production and semi-custom inventory, with estate sections trading higher. Resale liquidity is among the strongest in 78620.

Headwaters

Headwaters sits along Highway 290 west of Caliterra on dramatic Hill Country terrain. The amenity package — clubhouse, resort pool, fitness, event lawn, and miles of trails — is one of the most-awarded in Central Texas. Lot variety is wider than Caliterra: production homes, semi-customs, and a meaningful estate section with view lots.

Pricing typically runs $625K–$1.4M, with estate and view inventory trading higher.

How to Choose

Choose Caliterra if you want a denser, more walkable, event-driven neighborhood with creek access and the shortest drive into the Mercer Street town center. Choose Headwaters if you want bigger views, more lot variety, and a destination-grade amenity package. Both feed DSISD; both have strong resale; the right answer is almost always a lot-by-lot conversation, not a community-level one.