Active Listing  ·  69 days on market

101 Free Stone Dr

Georgetown, TX 78628
$384,900
5 Bed 4 Bath 2,679 sqft $144/sqft Built 2021 0.15 acres 2-Car Garage Pool Morningstar

Corner Lot | Primary Suite on Main | Game Room Up | Study/Office | Liberty Hill ISD

This well-designed 5-bedroom, 3.5-bath home in Morningstar checks the boxes that are hardest to find in this price range. The primary suite is on the main floor, giving you separation from the four bedrooms and game room upstairs. A dedicated study sits just off the entry, ideal for working from home or a quiet retreat. The open concept living, dining, and kitchen flow naturally together, anchored by granite countertops, a gas cooktop, built-in oven, and a walk-in pantry.

Upstairs, the game room creates a natural gathering space that keeps the main living areas calm and organized. The upstairs shared bathroom features an upgraded double vanity, and the primary suite closet includes soft-close custom organization built in.

Outside, the oversized corner lot gives you a spacious backyard and side yard with room to spread out, plus a covered back patio for morning coffee or evening unwinding. The corner location adds privacy and curb presence that interior lots simply cannot match.

Freshly painted and move-in ready. Vacant and easy to show.

Morningstar offers resort-style pools, a fitness center, dog park, 1.5 miles of hike and bike trails, splash pads, playgrounds, the Big Dipper Pond for fishing, and the Stargazer Event Lawn. Minutes to H-E-B, Costco, Target, Chick-fil-A, and Torchy's via Hwy 29 and Ronald Reagan Blvd. Easy access to 183A and the toll road for the commute to Cedar Park, Leander, and Northwest Austin.

At $144/sqft, this home is 37% below the Georgetown active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

101 Free Stone Dr, Georgetown, TX 78628

Property Details

Price $384,900
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 2,679 sqft
Lot Size 0.15 acres (6,612.41 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Morningstar
County Williamson
Zip Code 78628
$/sqft $144/sqft
Days on Market ,
HOA $55/Monthly
Annual Tax Est. $9,885.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245767157
List Date September 4, 2026
Elementary School Tierra Rosa
Middle School Santa Rita Middle
High School Liberty Hill
School District Liberty Hill ISD

Liberty Hill ISD

Tierra Rosa · Santa Rita Middle · Liberty Hill

Luke Allen (TREC #788149) has deep knowledge of Georgetown and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · September 4, 2026 $409,900
Current ask $384,900
▼ Reduced $25,000 (-6.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Georgetown

Comparable Listings Right Now

Homes currently for sale in Georgetown with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
1009 Bright Star Cv
Morningstar
$383,900 $149 4 bd / 3 ba 2,584 sqft , 2026-06-04
968 Sun Grove Trl
Omega Ranch Ph 3 & 3B
$389,000 $193 4 bd / 3 ba 2,018 sqft , 2026-08-13
1100 View Dr
MORNING STAR
$379,900 $186 4 bd / 3 ba 2,037 sqft , 2026-10-16
108 Evening Star Ln
Morningstar
$374,900 $132 5 bd / 3 ba 2,847 sqft , 2026-08-14
108 Hannah Trl
Morningstar
$399,000 $167 4 bd / 3 ba 2,390 sqft , 2026-03-01

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,848/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$76,980
20% conventional investment loan

Monthly Cash Flow Breakdown (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$1,848
Principal + Interest−$2,101
Property Tax (assumed ~2.1%)−$674
Insurance (assumed ~0.5%)−$160
Est. Monthly Cash Flow $-1,087

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Georgetown, TX

Georgetown sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Dell Technologies HQ 20 min S
Apple Campus (Domain) 30 min S
Williamson County jobs hub 5-10 min

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 41 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. The written content was last updated on October 25, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

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