Active Listing  ·  41 days on market

121 Morning Dawn Ln

Georgetown, TX 78628
$355,000
3 Bed 3 Bath 1,872 sqft $190/sqft Built 2023 0.12 acres 2-Car Garage Pool Morningstar

Located in the vibrant Morningstar community, this beautifully maintained, nearly-new 3 bed, 2.5 bath, Meritage home with secondary living/game room boasts luxurious finishes, modern conveniences, smart-home features, and exceptional energy efficiency. Step inside to an open-concept main level filled with natural light, high ceilings, and sleek luxury vinyl plank flooring. The stylish kitchen is the heart of the home, featuring stunning granite countertops, stainless steel appliances, a large center island, walk-in pantry, custom glass-display cabinets/storage and a breakfast bar—perfect for entertaining or everyday living. The spacious living and dining areas flow seamlessly, creating an inviting and functional layout. All three bedrooms and additional flex space are located upstairs, including a private primary suite with a walk-in closet and spa-like bath featuring double vanities and designer finishes. A dedicated upstairs laundry room adds everyday convenience. Enjoy outdoor living in your fenced private backyard, ideal for relaxing, grilling, and entertaining. This home is packed with upgrades, including spray-foam insulation, tankless gas water heater, built in custom cabinetry/storage, remodeled half bath w/designer tile, tiled back porch, smart thermostat, dual-pane windows, and ENERGY STAR appliances—keeping utility costs low and comfort high. Morningstar is more than just a neighborhood—it’s a lifestyle. Residents enjoy resort-style amenities including pools, parks, trails, playgrounds, dog parks, sports courts, and fishing ponds—all within the highly rated Liberty Hill ISD including the highly desirable 9th & 10th grade | Legacy Ranch High. With easy access to Ronald Reagan Blvd, 183A, and major employers, shopping, and dining, this location is truly unbeatable. Move-in ready. Lifestyle ready. Location perfect. Don’t miss out!

At $190/sqft, this home is 17% below the Georgetown active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

121 Morning Dawn Ln, Georgetown, TX 78628

Property Details

Price $355,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,872 sqft
Lot Size 0.12 acres (5,401.44 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Morningstar
County Williamson
Zip Code 78628
$/sqft $190/sqft
Days on Market ,
HOA $70.13/Monthly
Annual Tax Est. $9,385.22
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246643832
List Date October 2, 2026
Elementary School Bar W
Middle School Santa Rita Middle
High School Liberty Hill
School District Liberty Hill ISD

Liberty Hill ISD

Bar W · Santa Rita Middle · Liberty Hill

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 · October 2, 2026 $389,990
Current ask $355,000
▼ Reduced $34,990 (-9.0%) 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
64 Bent Trail Ln
Morningstar Ph 4 Sec 3
$355,000 $167 3 bd / 3 ba 2,120 sqft , 2026-10-02
144 Riverhill Dr
morningstar
$349,900 $239 3 bd / 2 ba 1,463 sqft , 2026-09-22
329 Bonnet Blvd
Rancho Sienna
$345,000 $161 4 bd / 3 ba 2,143 sqft , 2026-09-03
116 Mauldin St
Morningstar Ph 1 Sec 1 Sub
$340,000 $199 3 bd / 2 ba 1,707 sqft , 2026-10-14
218 Bonnet Blvd
Rancho Sienna Ph 3 Sec 11
$331,990 $232 3 bd / 2 ba 1,430 sqft , 2026-10-12

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
$1,704/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
$71,000
20% conventional investment loan

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

Estimated Gross Rent+$1,704
Principal + Interest−$1,937
Property Tax (assumed ~2.1%)−$621
Insurance (assumed ~0.5%)−$148
Est. Monthly Cash Flow $-1,002

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 · 41 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. The written content was last updated on October 26, 2026.

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

Save this home