Active Listing  ·  76 days on market

1300 Shelby Ln

Georgetown, TX 78628
$778,000
4 Bed 4 Bath 4,637 sqft $168/sqft Built 2023 0.25 acres 3-Car Garage Pool New Construction Heights/San Gabriel Ph 1

Ready for Move-in Now! This stunning upgraded former Model Home features 4 Bedrooms, 3.5 Baths, and a 3-Car Garage on a sprawling 70’ ft lot in the gorgeous Heights at San Gabriel Community! This home includes breathtaking highlights like soaring vaulted ceilings with custom ceiling treatments, high-end & hand-selected designer flooring, countertops, tile, hardware, and more, and a Smart Home system with light control, smart thermostat, sound system, and intercom control! This home also features a beautiful Living Room with 2-story vaulted ceilings, large stacked windows, and a 78' Electric Ribbon fireplace- as well as an elegant Slider Glass Patio Door leading out to the Covered Patio with a Built-In Corner Fireplace, perfect for indoor-outdoor living! Enjoy a stunning Kitchen with Stone Waterfall Countertops and Large Center Island, a fabulous Butlers Pantry with double-sided cabinets and countertops. Relax in the exquisite Primary Suite with Custom Wood Ceiling and oversized Spa-inspired Primary Bath with designer free-standing tub, separate Frameless Glass Walk-In Shower, and a huge master closet with Laundry Room access. On the main floor you’ll also find a formal dining room, an additional bonus room, and a stunning parlor equipped with Built-In Wet Bar, Undercounter Fridge, Built-in Wine Racks, and a sink- perfect for entertaining! Upstairs, you’ll enjoy a Study Area/Kids Zone with built-in desks & shelving, a Media Room, a Game Room, and 3 additional Bedrooms and 2 more Full Baths. Experience high-end living at it's finest with this exquisite one-of-a-kind home in the scenic Heights at San Gabriel Community in the heart of Georgetown, TX! This vibrant new home community features amenities like a community pool, hiking & biking trails, parks, playgrounds, and pickleball & basketball courts, and a Low 1.82% tax rate!! Ready for Move-In! Visit the Heights at San Gabriel GFO Model Home today!

At $168/sqft, this home is 26% below the Georgetown active market average of $226/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1300 Shelby Ln, Georgetown, TX 78628

Property Details

Price $778,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 4,637 sqft
Lot Size 0.25 acres (10,802.88 sqft)
Year Built 2023
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Heights/San Gabriel Ph 1
County Williamson
Zip Code 78628
$/sqft $168/sqft
Days on Market ,
HOA $95/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT242727928
List Date August 7, 2026
Elementary School Wolf Ranch Elementary
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.

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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 · August 7, 2026 $889,990
Previous ask $849,890
Current ask $778,000
▼ Reduced $111,990 (-12.6%) 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
1908 Crimson Sunset Dr
Wolf Ranch
$794,900 $222 4 bd / 5 ba 3,580 sqft , 2026-01-22
1106 Silent Oaks Dr
Riverview
$750,000 $184 5 bd / 4 ba 4,084 sqft , 2026-09-15
1802 Crimson Sunset Dr
Wolf Ranch
$809,900 $213 4 bd / 4 ba 3,797 sqft , 2025-07-30
3320 Double Spur Trl
Wolf Ranch - West Bend
$823,950 $218 5 bd / 5 ba 3,772 sqft , 2026-08-22
3300 Double Spur Trl
Wolf Ranch - West Bend
$849,950 $209 5 bd / 5 ba 4,076 sqft , 2026-09-02

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
$3,734/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
$155,600
20% conventional investment loan

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

Estimated Gross Rent+$3,734
Principal + Interest−$4,246
Property Tax (~2.1% TX avg)−$1,362
Insurance (~0.5%)−$324
Est. Monthly Cash Flow $-2,198

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 21, 2026.

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