Active Listing  ·  106 days on market

116 Raleigh Dr

Georgetown, TX 78633
$395,000
4 Bed 3 Bath 2,135 sqft $185/sqft Built 2024 0.13 acres 2-Car Garage Pool Highland Village Ph Ii

SELLERS ARE MOTIVATED TO SELL! ONE OF THE ONLY SINGLE STORY 4bed | 3 bath + FLEX ROOM homes for sale in Highland Village! This nearly new home offers a very spacious open floor plan with a bright, inviting atmosphere. This home features multiple transferable warranties, with the possibility of ASSUMING THE LOAN! The kitchen is a showstopper with a massive island, sleek white cabinetry, stainless steel appliances, and a stone backsplash. Bathroom features include a dual vanity, soaking tub, separate shower, and walk-in closet.

Outside, enjoy a covered patio and a large fenced backyard. The neighborhood amenities include a playground, park, basketball court, soccer field, and picnic area. Please make sure to turn off all light and close all doors when leaving.

At $185/sqft, this home is 19% 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

116 Raleigh Dr, Georgetown, TX 78633

Property Details

Price $395,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,135 sqft
Lot Size 0.13 acres (5,532.12 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Village Ph Ii
County Williamson
Zip Code 78633
$/sqft $185/sqft
Days on Market ,
HOA $75/Monthly
Annual Tax Est. $9,300
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235450541
List Date June 8, 2026
Elementary School Jo Ann Ford
Middle School Douglas Benold
High School Georgetown
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 8, 2026 $405,000
Current ask $395,000
Reduced $10,000 (-2.5%) 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 Raleigh Dr
Highland Village Ph Ii
$395,000 $198 4 bd / 2 ba 1,993 sqft , 2026-08-07
1105 Stonehill Dr
Highland Village
$394,215 $170 4 bd / 4 ba 2,325 sqft , 2026-08-06
404 Veneta Ln
Highland Village
$397,866 $186 4 bd / 3 ba 2,142 sqft , 2026-07-07
1120 Stonehill Dr
Highland Village
$398,230 $177 3 bd / 3 ba 2,251 sqft , 2026-06-29
1357 Kneehigh Ln
PARMER RANCH
$399,000 $181 4 bd / 3 ba 2,199 sqft , 2026-07-22

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
$1,896/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
$79,000
20% conventional investment loan

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

Estimated Gross Rent+$1,896
Principal + Interest−$2,156
Property Tax (~2.1% TX avg)−$691
Insurance (~0.5%)−$165
Est. Monthly Cash Flow $-1,116

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 8, 2026.

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