Active Listing  ·  21 days on market

129 Tall Grass Dr

Georgetown, TX 78628
$284,900
3 Bed 2 Bath 1,591 sqft $179/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 $179/sqft, this home is 21% 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

129 Tall Grass Dr, Georgetown, TX 78628

Property Details

Price $284,900
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 $179/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 Liberty Hill
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 →

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
318 Barrington Farm Ct
Sun City Georgetown Neighborhood 41 Pud
$284,950 $205 3 bd / 2 ba 1,388 sqft , 2026-04-16
520 Mill Pond Path
Sun City Georgetown Neighborhood 38 Pud
$285,000 $204 2 bd / 2 ba 1,397 sqft , 2026-07-13
400 Fannin Ct
Sun City Nbrhd 86
$284,700 $195 2 bd / 2 ba 1,459 sqft , 2026-05-01
203 S Ocatillo Ln
West Ridge Sec 01
$285,900 $146 4 bd / 2 ba 1,953 sqft , 2026-07-24
113 Larkspur Ln
Sun City Georgetown Neighborhood 08a Pud Blk
$286,000 $215 2 bd / 2 ba 1,330 sqft , 2026-07-12

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
$1,368/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
$56,980
20% conventional investment loan

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

Estimated Gross Rent+$1,368
Principal + Interest−$1,555
Property Tax (~2.1% TX avg)−$499
Insurance (~0.5%)−$119
Est. Monthly Cash Flow $-805

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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