Active Listing  ·  81 days on market

132 Mexican Olive Dr #G

Georgetown, TX 78628
$464,500
3 Bed 3 Bath 2,009 sqft $231/sqft Built 2018 0.13 acres 2-Car Garage Pool Gardens/Verde Vista

Beautiful Gardens at Verde Vista home that stands out because of the view of the tranquil duck pond and large trees next door! Watch the birds from your covered patio with fireplace and dual ceiling fans. Plantation shutters and built-in study workspaces. Open great room is airy and relaxing. The kitchen features a large island with under-mount sink and raised bar, beautiful stone countertops, spacious cabinets, and a pantry. The single dining area is large enough to set up formally - even space for a china hutch. The primary suite is at the rear and offers space for a reading chair framed by corner windows. There are two large closets, an expansive vanity with dual sinks, large walk-in shower, and a private commode area with a pocket door for easy access. The second bedroom is at the front and offers an ensuite full bath and walk-in closet. Private and perfect for guests! The third bedroom is more of an office or hobby room with a wall-long double desk built-in that would be great for hobbyists or working from home. There is room for a queen bed or bunks for grandkids, as well as a large closet. French doors help the space feel open. There is also a powder bath and nice-sized laundry room. Plus a hall closet that could be both for guests’ coats and second pantry for large Costco quantities. There is also a two-car garage. The condo fees are $300/mo. Unlike most homes in the neighborhood, this home does not have a neighbor on the yard/patio side. Instead, you have the sounds and sights of nature around the pond and might see the hawk perching on the branch just above the garden wall. This is a freestanding condo that feels very much like a house. Gardens at Verde Vista offers a clubhouse just around the corner with a second pond and beautiful fountain. The convenient location just off Shell and Williams means HEB, Lake Georgetown, and many restaurants and shops are super close.

At $231/sqft, this home is priced in line with the Georgetown market average of $227/sqft across 1,315 active listings. View Austin market report →

Location

132 Mexican Olive Dr #G, Georgetown, TX 78628

Property Details

Price $464,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,009 sqft
Lot Size 0.13 acres (5,706.36 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Gardens/Verde Vista
County Williamson
Zip Code 78628
$/sqft $231/sqft
Days on Market ,
HOA $300/Monthly
Annual Tax Est. $7,790.4
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230209692
List Date May 15, 2026
Elementary School Raye McCoy
Middle School Charles A Forbes
High School Georgetown
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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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
137 Emerald Grove Dr
Parmer Ranch
$464,751 $192 4 bd / 4 ba 2,425 sqft , 2025-10-07
107 Stacey Ln
River Bend 05 Ph 03
$465,000 $290 3 bd / 2 ba 1,606 sqft , 2026-04-13
237 Kirra Ct
Patterson Ranch
$465,965 $203 4 bd / 3 ba 2,295 sqft , 2026-07-29
313 Skyflower Dr #G
Gardens/Verde Vista
$466,000 $236 3 bd / 2 ba 1,972 sqft , 2026-06-26
204 Rivers Edge Dr
Riverview
$462,190 $205 4 bd / 3 ba 2,250 sqft , 2026-07-01

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
$2,230/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
$92,900
20% conventional investment loan

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

Estimated Gross Rent+$2,230
Principal + Interest−$2,535
Property Tax (~2.1% TX avg)−$813
Insurance (~0.5%)−$194
Est. Monthly Cash Flow $-1,312

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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