Active Listing  ·  71 days on market

129 Tall Grass Dr

Georgetown, TX 78628
$279,900
3 Bed 2 Bath 1,591 sqft $176/sqft Built 2023 0.10 acres 2-Car Garage Pool Morningstar

Don't miss this incredible opportunity to own one of the lowest-priced homes in the highly sought-after MorningStar community! This well-maintained 3-bedroom, 2-bath home offers an open and functional floor plan with abundant natural light, spacious living areas, and a modern kitchen that's perfect for everyday living and entertaining. The private primary suite provides a comfortable retreat, while the additional bedrooms offer flexibility for family, guests, or a home office. Conveniently located just minutes from shopping, dining, schools, parks, and major roadways, this home combines comfort, value, and an unbeatable location. Whether you're a first-time homebuyer looking for the perfect starter home or an investor seeking an excellent rental opportunity, this property checks all the boxes. Priced to sell—schedule your showing today before it's gone!

At $176/sqft, this home is 23% 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

129 Tall Grass Dr, Georgetown, TX 78628

Property Details

Price $279,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,591 sqft
Lot Size 0.10 acres (4,356 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Morningstar
County Williamson
Zip Code 78628
$/sqft $176/sqft
Days on Market ,
HOA $52.5/Monthly
Annual Tax Est. $9,037.15
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239435004
List Date July 14, 2026
Elementary School Santa Rita
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.

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 · July 14, 2026 $284,900
Current ask $279,900
Reduced $5,000 (-1.8%) 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
116 Bent Creek Ln
Morningstar
$282,000 $186 3 bd / 2 ba 1,514 sqft , 2026-06-08
152 MOUNTAIN VALLEY St
MORNING STAR
$275,000 $221 3 bd / 2 ba 1,246 sqft , 2026-07-14
113 Mountain Valley St
MorningStar
$285,000 $221 3 bd / 2 ba 1,290 sqft , 2026-09-04
321 Gaida Loop
Morningstar
$295,000 $180 3 bd / 2 ba 1,636 sqft , 2026-09-09
120 Tucana St
MorningStar
$305,000 $191 4 bd / 2 ba 1,599 sqft , 2026-04-23

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
$1,344/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
$55,980
20% conventional investment loan

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

Estimated Gross Rent+$1,344
Principal + Interest−$1,528
Property Tax (~2.1% TX avg)−$490
Insurance (~0.5%)−$117
Est. Monthly Cash Flow $-791

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 16, 2026.

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