Active Listing  ·  12 days on market

1500 Northwest Blvd #426

Georgetown, TX 78628
$215,000
2 Bed 1 Bath 790 sqft $272/sqft Built 1985 Pool Cedar Ridge At Georgetown Condo

ONE OF GEORGETOWN'S BEST VALUES! OWNER OFFERING A 2/1 INTEREST RATE BUYDOWN WITH FIRST-YEAR RATES POTENTIALLY AS LOW AS 5% FOR QUALIFIED BUYERS! Why rent when you could own a beautifully updated 2-bedroom, 1-bathroom condo with ALL MAJOR APPLIANCES INCLUDED, REFRIGERATOR, DISHWASHER, MICROWAVE, OVEN/RANGE, AND WASHER/DRYER COMBO! Move right in without the added expense of purchasing major appliances!

Welcome to Cedar Ridge Condominiums, where modern updates, low-maintenance living, and exceptional value come together! This thoughtfully designed residence features an open living and dining area, quartz countertops, new shaker-style cabinetry, stainless steel appliances, updated lighting, fresh paint, and a beautifully refreshed bathroom. The functional floor plan maximizes every square foot for comfortable everyday living.

Cedar Ridge features upgraded large and small dog parks, an improved playground, community grilling area, and a future clubhouse/media room currently in development. Enjoy the convenience of condo living without the demands of maintaining a traditional single-family property.

Location is another standout! Conveniently situated near Downtown Georgetown, Southwestern University, grocery stores, shopping, restaurants, schools, and everyday necessities, Cedar Ridge puts everything you need within easy reach.

UPDATED INTERIORS. ALL APPLIANCES INCLUDED. COMMUNITY AMENITIES. LOW-MAINTENANCE LIVING. AN INCREDIBLE PRICE POINT! Whether you're a first-time buyer, downsizing, or simply looking for an affordable place to call home, Cedar Ridge offers outstanding value.

DON'T MISS THIS OPPORTUNITY! Ask about the owner's 2/1 interest rate buydown and available buyer incentives. *Rates are not guaranteed and are subject to buyer qualification, lender approval, loan terms, and market conditions. Verify HOA coverage and amenity availability.

At $272/sqft, this home is priced 20% above the Georgetown active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1500 Northwest Blvd #426, Georgetown, TX 78628

Property Details

Price $215,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 790 sqft
Lot Size ,
Year Built 1985
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Cedar Ridge At Georgetown Condo
County Williamson
Zip Code 78628
$/sqft $272/sqft
Days on Market ,
HOA $200/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249438879
List Date October 12, 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
1500 Northwest Blvd #411
Cedar Ridge At Georgetown Condo
$215,000 $272 2 bd / 1 ba 790 sqft , 2026-09-07
1500 Northwest Blvd #418
Cedar Ridge At Georgetown Condo
$215,000 $272 2 bd / 1 ba 790 sqft , 2026-09-07
1500 Northwest Blvd #413
Cedar Ridge At Georgetown Condo
$215,000 $272 2 bd / 1 ba 790 sqft , 2026-09-28
1500 Northwest Blvd #424
Cedar Ridge At Georgetown Condo
$215,000 $272 2 bd / 1 ba 790 sqft , 2026-10-09
1500 Northwest Blvd #417
Cedar Ridge At Georgetown Condo
$215,000 $272 2 bd / 1 ba 790 sqft , 2026-10-09

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
$1,032/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
$43,000
20% conventional investment loan

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

Estimated Gross Rent+$1,032
Principal + Interest−$1,173
Property Tax (~2.1% TX avg)−$376
Insurance (~0.5%)−$90
Est. Monthly Cash Flow $-607

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 13, 2026.

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