Active Listing  ·  180 days on market

1205 Glen Heather Dr

Georgetown, TX 78633
$498,900
4 Bed 4 Bath 2,595 sqft $192/sqft Built 2026 0.15 acres 2-Car Garage Pool Parmer Ranch

Welcoming front porch opens into the two-story entryway featuring French doors leading into the home office. Past the staircase you enter the kitchen which hosts the island with built-in seating, a 5-burner gas cooktop, and a corner walk-in pantry. The dining area connects the open two-story family room featuring a wall of windows and access to the covered backyard patio. The primary bedroom hosts a wall of windows. French doors open into the primary bathroom featuring dual vanities, glass enclosed shower, freestanding tub and large walk-in closet. On the second floor you enter into the game room overlooking the first floor. Secondary bedrooms featuring walk-in closets and a shared bathroom complete this floor. A private guest suite with full bathroom and utility room are located off the kitchen. The mud room is just off the two-car garage.

At $192/sqft, this home is 16% 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

1205 Glen Heather Dr, Georgetown, TX 78633

Property Details

Price $498,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,595 sqft
Lot Size 0.15 acres (6,547.07 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parmer Ranch
County Williamson
Zip Code 78633
$/sqft $192/sqft
Days on Market ,
HOA $75/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224011195
List Date March 26, 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 · March 26, 2026 $649,900
Previous ask $499,900
Current ask $498,900
Reduced $151,000 (-23.2%) 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
517 Buckaroo Dr
Parmer Ranch
$499,257 $192 5 bd / 3 ba 2,600 sqft , 2026-04-16
505 Buckaroo Dr
Parmer Ranch
$499,681 $192 4 bd / 3 ba 2,597 sqft , 2025-12-09
313 Ridgewell Loop
Highland Village
$499,900 $176 4 bd / 3 ba 2,845 sqft , 2026-05-12
1209 Glen Heather Dr
Parmer Ranch
$499,900 $196 4 bd / 3 ba 2,545 sqft , 2026-06-10
301 Raleigh Dr
Highland Village
$499,995 $161 5 bd / 4 ba 3,099 sqft , 2026-07-23

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
$2,395/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
$99,780
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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 21, 2026.

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