Active Listing  ·  15 days on market

134 Canyon Rd

Georgetown, TX 78628
$365,000
3 Bed 2 Bath 1,843 sqft $198/sqft Built 1991 0.26 acres 2-Car Garage Pool Reata Trails Unit 03

An exceptional opportunity in Georgetown! This custom-built, single-story home offers 1,843 square feet of living space on a beautiful .26-acre lot surrounded by mature trees and backing to peaceful green space. Built in 1991, this 3-bedroom, 2-bathroom residence features a thoughtfully designed floor plan, generous living spaces, and an inviting setting with natural beauty in every direction.

The functional single-story layout provides comfortable separation of living and sleeping areas, with spacious rooms and plenty of possibilities for creating a home that reflects your personal style. Largely original to its 1991 construction, the home presents an excellent opportunity for buyers looking to update and customize the interiors to their own tastes without compromising on lot size, location, or floor plan.

Outside, the property truly shines. Towering mature trees create a beautiful canopy throughout the .26-acre lot, while the adjoining green space provides a scenic natural backdrop. The tree-lined setting along Canyon Road adds to the property's charm and established neighborhood character. With ample outdoor space, there is plenty of potential to create inviting areas for entertaining, gardening, or simply enjoying the surrounding landscape.

Conveniently located in Georgetown with access to shopping, dining, parks, and the historic downtown square, this property combines the appeal of an established neighborhood with the opportunity to make a home uniquely your own.

This is a compelling opportunity to invest in a single-story custom home with a desirable floor plan, beautiful mature trees, and a generous lot backing to green space. Bring your vision and discover the possibilities at 134 Canyon Road!

At $198/sqft, this home is 12% 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

134 Canyon Rd, Georgetown, TX 78628

Property Details

Price $365,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,843 sqft
Lot Size 0.26 acres (11,408.36 sqft)
Year Built 1991
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Reata Trails Unit 03
County Williamson
Zip Code 78628
$/sqft $198/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,876.21
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242875903
List Date October 9, 2026
Elementary School Frost
Middle School Douglas Benold
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.

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
2002 Terry Ln
Williams Add
$365,000 $229 3 bd / 2 ba 1,595 sqft , 2026-07-09
705 Algerita Dr
Briarwood Sec 04
$375,000 $184 4 bd / 2 ba 2,039 sqft , 2026-08-01
103 Village Dr
Village River Bend
$349,000 $184 3 bd / 2 ba 1,901 sqft , 2026-09-15
1811 Terry Ln
Williams Add
$340,000 $156 4 bd / 2 ba 2,186 sqft , 2026-06-26
801 E Central Dr
Williams Add
$330,000 $250 3 bd / 2 ba 1,322 sqft , 2026-10-22

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
$1,752/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
$73,000
20% conventional investment loan

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

Estimated Gross Rent+$1,752
Principal + Interest−$1,992
Property Tax (~2.1% TX avg)−$639
Insurance (~0.5%)−$152
Est. Monthly Cash Flow $-1,031

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 16, 2026.

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