Active Listing  ·  329 days on market

118 Oak Ridge Cir

Georgetown, TX 78628
$450,000
3 Bed 3 Bath 2,957 sqft $152/sqft Built 1975 0.77 acres Pool Oak Ridge

Welcome to 118 Oak Ridge Cir, a hidden gem nestled on 3/4 of an acre in the heart of Georgetown, TX. This 3 bedroom, 3 bath home is move-in ready and exudes character and charm that is hard to find. From the entry foyer, you are met by an inviting family room that is open and bright with a high, beamed ceiling and a cozy fireplace. The eat-in kitchen features a breakfast bar, a dining area and stainless steel appliances. Off of the family room, you will see the massive primary suite. This spacious suite features a generous bedroom with its own vanity and closet. The primary bathroom is equally as impressive featuring dual vanities, his & hers closets, and a sunken jetted tub. This bathroom also connects to the enclosed area that houses the hot tub. There is also access to the full pool bathroom as well. The home also features a second living area, that is perfect for socializing and entertaining guests. Also on the main level is a formal dining/ room/flex space. The in-law floor plan is rounded out by another full bath and 2 large guest rooms. Upstairs you will find a loft/flex space that is perfect for use as an office or a game room. Step out onto the covered back patio and enjoy a cool dip in the in-ground pool while enjoying the privacy afforded by the oversized yard. Also in the back yard there is an attached carport that has a workshop/storage area as well. All the great features and a location that can't be beat! Super easy access to shopping, golf, hike & bike trails, I35 and Georgetown's Historic Downtown Square make this a property that you will not want to miss!

At $152/sqft, this home is 34% 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

118 Oak Ridge Cir, Georgetown, TX 78628

Property Details

Price $450,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,957 sqft
Lot Size 0.77 acres (33,541.2 sqft)
Year Built 1975
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Oak Ridge
County Williamson
Zip Code 78628
$/sqft $152/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,793.39
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT201020595
List Date October 29, 2025
Elementary School The Village
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.

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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
111 Brazos Dr
Texas Traditions
$445,000 $221 3 bd / 2 ba 2,014 sqft , 2026-09-03
2912 Brandy Ln
River Bend Unit 05 Ph 01
$465,456 $226 3 bd / 2 ba 2,062 sqft , 2025-10-10
604 Bottlebrush Dr
Gardens at Verde Vista
$475,000 $205 4 bd / 3 ba 2,315 sqft , 2024-12-20
120 Brazos Dr
Texas Traditions
$419,000 $208 2 bd / 2 ba 2,018 sqft , 2026-06-15
107 Windmill Cv
Reata Trails Unit 03
$415,000 $177 4 bd / 3 ba 2,346 sqft , 2026-09-10

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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 May 19, 2026.

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