Active Listing  ·  350 days on market

116 Oak Plaza Dr

Georgetown, TX 78628
$750,000
3 Bed 3 Bath 3,013 sqft $249/sqft Built 2005 1.33 acres 3-Car Garage Pool Gabriels Overlook

Agent/Owner. This unique property is located in the exclusive gated Gabriel's Overlook community, with a comprehensive luxury focused renovation completed in 2025, offering a level of sophistication that is unmatched. Refined elegance flows throughout with hickory hardwood floors, a craftsman entry door, and Portella plaster accents. The custom gourmet kitchen offers white oak cabinets, professional appliances, two-sided seating island. Luxurious primary bath features a frameless glass shower, freestanding tub, and a custom white oak double vanity. Even the large laundry room is upgraded with custom cabinets, a deep stainless steel sink, and an extra refridgerator. The property sits on an incredible, private & expansive acreage lot defined by mature oak trees and a newly fenced backyard. Gabriels Overlook features direct access to the San Gabriel River and a serene park like views. This beautifully renewed, well-appointed home is ready for its first occupants since its dramatic transformation.

At $249/sqft, this home is priced 10% 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 Oak Plaza Dr, Georgetown, TX 78628

Property Details

Price $750,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 3,013 sqft
Lot Size 1.33 acres (57,882.53 sqft)
Year Built 2005
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Gabriels Overlook
County Williamson
Zip Code 78628
$/sqft $249/sqft
Days on Market ,
HOA $810/Annually
Annual Tax Est. $9,733
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT211307757
List Date November 7, 2025
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.

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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 · November 7, 2025 $885,000
Previous ask $779,000
Current ask $750,000
▼ Reduced $135,000 (-15.3%) 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
104 CATANI Loop
RANCHO SIENNA
$670,000 $195 4 bd / 4 ba 3,434 sqft , 2026-04-16
209 Park Place Dr
Gabriels Overlook Sec 01
$850,000 $240 4 bd / 4 ba 3,543 sqft , 2026-07-13
314 Ridge View Dr
Gabriels Overlook Sec 01
$850,000 $275 4 bd / 4 ba 3,089 sqft , 2026-08-18
109 San Michelle Cv
Rancho Sienna Sec 3
$649,900 $206 4 bd / 4 ba 3,156 sqft , 2026-07-07
152 Florenz Ln
Rancho Sienna Sec 01
$638,000 $197 4 bd / 4 ba 3,231 sqft , 2026-04-06

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
$3,600/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
$150,000
20% conventional investment loan

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

Estimated Gross Rent+$3,600
Principal + Interest−$4,093
Property Tax (~2.1% TX avg)−$1,313
Insurance (~0.5%)−$313
Est. Monthly Cash Flow $-2,119

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 30, 2026.

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