Active Listing  ·  196 days on market

124 Summer Oak Ct

Georgetown, TX 78628
$890,000
5 Bed 4 Bath 3,506 sqft $254/sqft Built 2006 1.49 acres 3-Car Garage Pool Gabriels Overlook Sec 02

Set on a serene 1.5-acre heavily wooded lot in the sought-after gated community of Gabriels Overlook, this exceptional property offers the perfect blend of privacy, space, and upscale living. Featuring 5 spacious bedrooms and 4 full baths, the home is thoughtfully designed with both comfort and functionality in mind.

Inside, you’ll find a dedicated office/study, a versatile game room, and a chef’s kitchen complete with granite countertops, stainless steel appliances, and ample workspace for entertaining or everyday living. The expansive great room showcases a cozy wood-burning fireplace and flows seamlessly into the kitchen, all highlighted by durable and stylish stained concrete floors.

Upstairs, there is a game room with all 4 secondary bedrooms feeding off of it. There is also a secret 3rd floor loft with porthole windows overlooking the woods accessible from each of the bedrooms.

Step outside to enjoy a covered patio overlooking a beautiful pool with a tranquil waterfall feature—perfect for relaxing or hosting gatherings. The property also includes a fenced raised bed garden, ideal for gardening enthusiasts. The entire property extends beyond the fence for extra privacy. The acreage is blessed with huge trees, and a lovely wet weather creek.

A stately entrance welcomes you home, while the 3-car garage with an additional workshop area provides plenty of space for storage, hobbies, or projects.

Ideally located just minutes from the charm of Georgetown and its historic square, as well as the peaceful community of Liberty Hill, you’ll enjoy convenient access to wonderful dining, shopping, and local attractions. Situated within the acclaimed Liberty Hill ISD, this one-of-a-kind property offers luxury, privacy, and an unbeatable Hill Country lifestyle.

At $254/sqft, this home is priced 12% above the Georgetown active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

124 Summer Oak Ct, Georgetown, TX 78628

Property Details

Price $890,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,506 sqft
Lot Size 1.49 acres (65,109.13 sqft)
Year Built 2006
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Gabriels Overlook Sec 02
County Williamson
Zip Code 78628
$/sqft $254/sqft
Days on Market ,
HOA $810/Annually
Annual Tax Est. $15,544.28
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225201878
List Date April 10, 2026
Elementary School Rancho Sienna
Middle School Santa Rita Middle
High School Legacy Ranch
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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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 · April 10, 2026 $950,000
Current ask $890,000
▼ Reduced $60,000 (-6.3%) 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
125 Rosadi Cv
Rancho Sienna
$889,000 $209 5 bd / 5 ba 4,253 sqft , 2026-09-05
209 Park Place Dr
Gabriels Overlook Sec 01
$850,000 $240 4 bd / 4 ba 3,543 sqft , 2026-07-13
314 Ridge View Dr
Gabriels Overlook Sec 01
$850,000 $275 4 bd / 4 ba 3,089 sqft , 2026-08-18
600 Lake Side Cv
Gabriels Overlook Sec 1
$740,000 $218 4 bd / 3 ba 3,397 sqft , 2026-04-09
200 Park Place Dr
Gabriels Overlook Sec 01
$721,000 $237 5 bd / 3 ba 3,045 sqft , 2026-10-08

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
$4,272/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
$178,000
20% conventional investment loan

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

Estimated Gross Rent+$4,272
Principal + Interest−$4,857
Property Tax (~2.1% TX avg)−$1,558
Insurance (~0.5%)−$371
Est. Monthly Cash Flow $-2,514

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 October 8, 2026.

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