Active Listing  ·  106 days on market

1116 Highknoll Ln

Georgetown, TX 78628
$610,000
3 Bed 4 Bath 3,023 sqft $202/sqft Built 2017 0.03 acres 2-Car Garage Pool At Rivery Park Ph 7

Experience elevated lock-and-leave living in this exceptional four-story brownstone overlooking the tranquil greenbelt. One of only 121 residences in this highly sought-after mixed-use community, this home was originally finished out for the owner, resulting in a level of quality, customization, and attention to detail rarely found in comparable properties.

The thoughtfully designed interior features hardwood flooring throughout, elegant 4-inch wood plantation shutters on all windows and doors, ceiling fans in every room, and a stylish recessed in-wall fireplace that anchors the living area. The gourmet kitchen is equipped with stainless steel appliances, while the primary suite offers enhanced comfort with a premium Toto Washlet toilet. The 4th floor patio has a pergola with electronic privacy screen. An elevator provides convenient access to all four levels, and the attached two-car garage offers secure parking and additional storage. Other added conveniences include: Reverse Osmosis Water Filter, Water Softener, Whole Home Surge Protector. Items to convey: Washer/Dryer, Refrigerator, Sonos Sound System.

Beyond the residence, enjoy a true walkable lifestyle with five restaurants, a coffee shop, spa, retail shopping, OrangeTheory Fitness, and medical offices all within the community. The adjacent Sheraton Hotel adds convenience for guests, while outdoor enthusiasts will appreciate direct access to Georgetown’s renowned 36+ miles of hike and bike trails.

With low property taxes, exceptional amenities, greenbelt views, and a maintenance-free lifestyle, this brownstone offers the perfect blend of luxury, convenience, and carefree living.

At $202/sqft, this home is 12% 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

1116 Highknoll Ln, Georgetown, TX 78628

Property Details

Price $610,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 3,023 sqft
Lot Size 0.03 acres (1,306.8 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision At Rivery Park Ph 7
County Williamson
Zip Code 78628
$/sqft $202/sqft
Days on Market ,
HOA $125/Monthly
Annual Tax Est. $10,093.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229886797
List Date June 9, 2026
Elementary School Frost
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 →

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 · June 9, 2026 $620,000
Previous ask $615,000
Current ask $610,000
Reduced $10,000 (-1.6%) 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
204 Adams St
Brownstone at the Summit
$599,000 $193 3 bd / 4 ba 3,105 sqft , 2026-07-08
515 E 8th St
Glasscock Add
$675,000 $308 3 bd / 2 ba 2,189 sqft , 2026-09-08
1014 Country Club Rd
Country Club
$699,000 $290 3 bd / 3 ba 2,407 sqft , 2026-07-03
703 Parkway St
Country Club
$519,612 $232 3 bd / 3 ba 2,239 sqft , 2026-08-03
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
$2,928/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
$122,000
20% conventional investment loan

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

Estimated Gross Rent+$2,928
Principal + Interest−$3,329
Property Tax (~2.1% TX avg)−$1,068
Insurance (~0.5%)−$254
Est. Monthly Cash Flow $-1,723

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 September 18, 2026.

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