Active Listing  ·  120 days on market

116 Fawn Gln

Georgetown, TX 78628
$1,399,000
4 Bed 3 Bath 2,534 sqft $552/sqft Built 1982 5.32 acres 4-Car Garage Pool Middle Gabriel Estate

Nestled among oak trees and bordered by the Middle Fork of the San Gabriel River, this rare 5.32-acre estate in the highly sought-after Middle Gabriel Estates offers the blend of privacy, beauty, and convenience. Located just four miles from historic Georgetown Square and within the acclaimed Liberty Hill ISD, this property provides a peaceful country setting with easy access to town amenities. Enjoy outdoor living with a private swimming pool, spacious patio, and dedicated grilling area—perfect for entertaining family and friends or simply relaxing while taking in the natural surroundings. The property features three versatile outbuildings offering endless possibilities. Whether you need a large workshop, car storage, man cave, home office, guest quarters, additional garage space, or RV storage, these structures provide flexibility to suit your lifestyle. An RV hookup is also included. With deed restrictions allowing several types of ranch animals, you'll have the opportunity to embrace the ranch lifestyle you've always wanted. The custom ranch-style home offers 2,534 square feet of comfortable living space, featuring 4 bedrooms, 2 bathrooms, a spacious living room, formal dining area, breakfast nook, utility room, and a well-appointed kitchen designed for everyday living and entertaining. All structures are outside the floodplain. This one-of-a-kind property combines natural beauty, functional improvements, and a prime location, creating a truly exceptional opportunity to own your own private Texas retreat. Gems like this rarely come on the market.

At $552/sqft, this home is priced 144% above the Georgetown active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

116 Fawn Gln, Georgetown, TX 78628

Property Details

Price $1,399,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,534 sqft
Lot Size 5.32 acres (231,739.2 sqft)
Year Built 1982
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Middle Gabriel Estate
County Williamson
Zip Code 78628
$/sqft $552/sqft
Days on Market ,
HOA $30/Annually
Annual Tax Est. $18,508.38
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236852917
List Date June 25, 2026
Elementary School Rancho Sienna
Middle School Santa Rita Middle
High School Legacy Ranch
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
10809 Vista Heights Dr
Sage Crk Sub
$1,200,000 $351 4 bd / 3 ba 3,419 sqft , 2026-09-24

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
$6,715/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
$279,800
20% conventional investment loan

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

Estimated Gross Rent+$6,715
Principal + Interest−$7,635
Property Tax (~2.1% TX avg)−$2,448
Insurance (~0.5%)−$583
Est. Monthly Cash Flow $-3,951

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 July 15, 2026.

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