Active Listing  ·  34 days on market

1506 Garrett Oaks Ln

Georgetown, TX 78633
$500,000
5 Bed 3 Bath 3,112 sqft $161/sqft Built 2023 0.16 acres 2-Car Garage Pool Parmer Ranch

Discover the perfect blend of comfort and modern living at 1506 Garrett Oaks Ln in the charming community of Georgetown, Texas. This impressive residence boasts 5 spacious bedrooms and 3 bathrooms, encompassing a generous 3,112 square feet of thoughtfully designed living space on a well-sized 6,882 square foot lot. As you step inside, you are greeted by high ceilings that create an airy ambiance throughout the home. The open floor plan seamlessly connects the main living areas, making it ideal for both relaxation and entertaining.

The heart of this home is undoubtedly its large kitchen, featuring sleek quartz countertops and stainless steel appliances that cater to culinary enthusiasts. Ample cabinetry provides plenty of storage while maintaining a clean aesthetic. The hardwood floors add warmth and elegance to the interior spaces, enhancing the overall appeal of this beautiful home. Each bedroom includes walk-in closets, offering convenience and ample storage solutions.

Outside your door lies a vibrant community that enhances the lifestyle offered by this property. Residents can enjoy access to a community clubhouse and pool, perfect for social gatherings or leisurely afternoons under the sun. The surrounding area is rich with shopping options, ensuring that everyday conveniences are just moments away. Georgetown itself offers a unique blend of historic charm and contemporary amenities; explore local parks, dining establishments, and cultural attractions that make this city truly special.

With its desirable features and prime location in Georgetown, this home at 1506 Garrett Oaks Ln presents an exceptional opportunity for those seeking a dynamic living experience within a welcoming community. Embrace all that this remarkable property has to offer in one of Texas's most inviting locales.

At $161/sqft, this home is 29% below the Georgetown active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1506 Garrett Oaks Ln, Georgetown, TX 78633

Property Details

Price $500,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 3,112 sqft
Lot Size 0.16 acres (6,882.48 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parmer Ranch
County Williamson
Zip Code 78633
$/sqft $161/sqft
Days on Market ,
HOA $50/Monthly
Annual Tax Est. $12,737.02
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248267819
List Date October 9, 2026
Elementary School Jo Ann Ford
Middle School Douglas Benold
High School Georgetown
School District Georgetown ISD

Georgetown ISD

Jo Ann Ford · Douglas Benold · Georgetown

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 · October 9, 2026 $515,000
Current ask $500,000
▼ Reduced $15,000 (-2.9%) 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
509 Estacado Ln
Parmer Ranch
$499,900 $191 4 bd / 3 ba 2,619 sqft , 2026-06-10
1500 Corduroy Ln
Parmer Ranch
$506,900 $181 4 bd / 3 ba 2,795 sqft , 2026-05-08
433 Buckaroo Dr
Parmer Ranch
$489,883 $188 4 bd / 4 ba 2,600 sqft , 2026-10-05
517 Buckaroo Dr
Parmer Ranch
$489,257 $188 5 bd / 3 ba 2,600 sqft , 2026-04-16
412 Ridgewell Loop
Highland Village
$487,240 $157 5 bd / 4 ba 3,099 sqft , 2026-10-07

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
$2,400/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
$100,000
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,729
Property Tax (assumed ~2.1%)−$875
Insurance (assumed ~0.5%)−$208
Est. Monthly Cash Flow $-1,412

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 · 41 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. The written content was last updated on October 30, 2026.

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

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