Under Contract  ·  12 days on market

119 Rain Lily Ln

Georgetown, TX 78633
$369,900
2 Bed 2 Bath 1,654 sqft $224/sqft Built 1999 0.16 acres 2-Car Garage Pool Sun City Georgetown Ph 02 Neighborhood 09 Pud

Meticulously maintained & thoughtfully updated, this Sun City home backs to a greenbelt with abundant wildlife. Beautiful, easy-to-maintain landscaping & a mature tree welcome you, while the 2-car garage features an added mini-split HVAC. Freshly painted, the home offers the Dickinson flor plan with expansive windows with new plantation shutters in the kitchen, flex room, & patio door, new wood floors throughout the main living areas, tile in the kitchen, & new carpet in the bedrooms. The living room flows seamlessly into the kitchen, featuring granite countertops, crisp white cabinetry with pullout drawers, all-new stainless steel appliances, including an ultra-quiet Bosch dishwasher, a classic subway tile backsplash, & a pantry. A breakfast area provides a spot for casual meals, while the dining area is ideal for special occasions. A flex room offers space for an office. The primary bedroom features a bay window & an updated ensuite bath with a shower with seating & a walk-in closet. An additional bedroom includes its own closet & is located near an updated full bath. A floored attic provides additional storage space. Your living space extends to the screened patio, perfect for relaxing or entertaining throughout the year. The fenced backyard offers an extended patio with a natural gas firepit & grill hookups where you can watch wildlife, & enjoy greenbelt views with a small spring-fed waterhole. Living in Sun City means enjoying a resort-style lifestyle with 2 fitness centers, 3 golf courses, 8 pools, tennis, pickleball, & bocce courts, a state-of-the-art computer center, & more. Explore more than 145 clubs, special-interest groups, & community activities designed to inspire connection & enrichment. Nearby shopping, dining, recreation, & everyday essentials including medical facilities, the city market, Legacy golf course, & Mulligan's. along with convenient access to TX-195, I-35, & the airport, complete this inviting blend of comfort, nature, & active living.

At $224/sqft, this home is priced in line with the Georgetown market average of $226/sqft across 1,230 active listings. View Austin market report →

Location

119 Rain Lily Ln, Georgetown, TX 78633

Property Details

Price $369,900
Status Under Contract
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,654 sqft
Lot Size 0.16 acres (6,978.31 sqft)
Year Built 1999
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sun City Georgetown Ph 02 Neighborhood 09 Pud
County Williamson
Zip Code 78633
$/sqft $224/sqft
Days on Market ,
HOA $1,960/Annually
Annual Tax Est. $6,502.35
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249592924
List Date October 12, 2026
Elementary School NA_Sun_City
Middle School NA_Sun_City
High School NA_Sun_City
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
111 Village Park Dr
Georgetown Village Sec 04-B Pud
$369,900 $207 3 bd / 2 ba 1,783 sqft , 2026-07-12
217 Sheepshank Dr
Creekside/Georgetown Village PUD P
$369,000 $214 3 bd / 2 ba 1,721 sqft , 2026-08-27
113 Village Park Dr
Georgetown Village Sec 04-B Pud
$379,000 $214 3 bd / 2 ba 1,772 sqft , 2026-07-30
537 Bluehaw Dr
Georgetown Village Sec 09 Ph 01 Pud
$350,000 $189 3 bd / 2 ba 1,847 sqft , 2026-05-27
814 Boquilla Trl
Heritage Oaks Sec 1
$389,900 $178 3 bd / 2 ba 2,195 sqft , 2026-06-20

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
$1,776/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
$73,980
20% conventional investment loan

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

Estimated Gross Rent+$1,776
Principal + Interest−$2,019
Property Tax (~2.1% TX avg)−$647
Insurance (~0.5%)−$154
Est. Monthly Cash Flow $-1,044

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

More Luxury Homes in Georgetown

Loading…
View All Luxury Homes →
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 October 22, 2026.

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