Active Listing  ·  89 days on market

1217 Winding Way Dr

Georgetown, TX 78628
$515,000
4 Bed 3 Bath 2,538 sqft $203/sqft Built 2018 0.26 acres 3-Car Garage Pool Water Oak North Sec 2

Welcome to 1217 Winding Way in Georgetown, a beautifully built home by Chesmar Homes that’s equal parts stylish and comfortable. Sitting on a nicely landscaped interior lot with mature trees and full irrigation, this home has great curb appeal and a roomy 3-car oversized garage with space for up to 7 vehicles. Inside, you’ll find high ceilings, tray details, and a bright, open layout that just feels easy to live in. The kitchen is a standout, with granite countertops, a big center island, breakfast bar, and stainless steel appliances including built-in and convection ovens plus a gas cooktop. It opens right into the family room, where a cozy fireplace makes it the perfect spot to hang out or entertain. You’re just about 5 minutes from H-E-B Plus!, Costco Wholesale, and Wolf Ranch Town Center, so errands and shopping are quick and easy. If you enjoy the outdoors, the San Gabriel River is nearby, and the Historic Georgetown Square is perfect for grabbing a bite or browsing local shops. Living in Water Oak means you also get access to great amenities like nature trails, a community pool, clubhouse, pocket parks, and even a dog park. Plus, with easy access to Interstate 35 and Toll 183. If you’re looking for a home that’s move-in ready, well-designed, and in a super convenient spot, this one is definitely worth a look!

At $203/sqft, this home is 11% below the Georgetown active market average of $227/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1217 Winding Way Dr, Georgetown, TX 78628

Property Details

Price $515,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,538 sqft
Lot Size 0.26 acres (11,177.5 sqft)
Year Built 2018
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Water Oak North Sec 2
County Williamson
Zip Code 78628
$/sqft $203/sqft
Days on Market ,
HOA $700/Annually
Annual Tax Est. $12,600.71
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229233957
List Date May 7, 2026
Elementary School Carver
Middle School James Tippit
High School East View
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 · May 7, 2026 $550,000
Previous ask $530,000
Current ask $515,000
Reduced $35,000 (-6.4%) 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
100 Indian Paintbrush Trl
Wolf Ranch West
$515,000 $194 4 bd / 3 ba 2,649 sqft , 2026-04-15
184 Fort Cobb Way
Parkside/Mayfield Ranch Sec 8
$515,000 $216 4 bd / 3 ba 2,384 sqft , 2026-06-04
404 Grosseto Ln
Rancho Sienna Sec 1
$515,000 $186 3 bd / 3 ba 2,767 sqft , 2026-06-10
209 Birkshire Dr
Vista Pointe Ph 1
$515,000 $159 4 bd / 4 ba 3,238 sqft , 2026-06-19
31316 Kingsway Rd
Berry Creek Ph 2 Sec 5
$515,000 $208 3 bd / 2 ba 2,472 sqft , 2026-07-11

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
$2,472/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
$103,000
20% conventional investment loan

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

Estimated Gross Rent+$2,472
Principal + Interest−$2,811
Property Tax (~2.1% TX avg)−$901
Insurance (~0.5%)−$215
Est. Monthly Cash Flow $-1,455

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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