Active Listing  ·  29 days on market

1036 Highknoll Ln

Georgetown, TX 78628
$550,000
5 Bed 4 Bath 3,105 sqft $177/sqft Built 2014 0.03 acres 2-Car Garage Pool Summit at Rivery Park Ph 5

Experience a luxurious lock-&-leave lifestyle in this thoughtfully maintained, rare 5-bedroom home backing to serene green space in the heart of Summit at Rivery Park. Just steps from Georgetown’s favorite restaurants, boutique shopping, & the scenic San Gabriel River trails, this exceptional location also offers easy access to major roadways. Both AC units were replaced in 2024, & the water heater was replaced in 2025 for added peace of mind. Host unforgettable gatherings on the spacious fourth-floor balcony featuring a pergola, fresh air, & peaceful green space views. Inside, the light-filled open floor plan showcases stylish plantation shutters & gorgeous wood flooring. The first floor offers two versatile bedrooms & a full bath, ideal for guests or a private home office, with one bedroom providing direct access to the outdoor patio. Upstairs, the spacious living room is anchored by a stunning floor-to-ceiling stone fireplace & flows seamlessly into the dining area & well-appointed kitchen with granite countertops, a center island with bar seating, dark wood cabinetry with convenient pullout drawers, stainless steel appliances, a chic tile backsplash, & a pantry. The third level features the spacious primary suite with a tray ceiling & an ensuite bath complete with a dual vanity, shower, & walk-in closet. Two additional bedrooms share a full bath. Crowning the home, the fourth level offers a flexible retreat with built-in shelving & cabinetry, perfect as a reading area or study, plus an additional flex space that opens directly to the balcony, creating the ultimate setting for entertaining, relaxing, & taking in the views.

At $177/sqft, this home is 23% below the Georgetown active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1036 Highknoll Ln, Georgetown, TX 78628

Property Details

Price $550,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 3,105 sqft
Lot Size 0.03 acres (1,285.02 sqft)
Year Built 2014
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision Summit at Rivery Park Ph 5
County Williamson
Zip Code 78628
$/sqft $177/sqft
Days on Market ,
HOA $125/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244235373
List Date August 25, 2026
Elementary School Wolf Ranch Elementary
Middle School James Tippit
High School East View
School District ,

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.

Schedule a Call →

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
100 Indian Paintbrush Trl
Wolf Ranch West
$515,000 $194 4 bd / 3 ba 2,649 sqft , 2026-04-15

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
$2,640/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
$110,000
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,002
Property Tax (~2.1% TX avg)−$963
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,554

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 · 30 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. This page was last updated on August 29, 2026.

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