Active Listing  ·  63 days on market

1517 Shelby Ln

Georgetown, TX 78628
$649,620
4 Bed 3 Bath 3,001 sqft $216/sqft Built 2026 0.23 acres 2-Car Garage Pool Heights at San Gabriel

From our grand Presidential Series, this stunning One-Story new construction home is GFO Home’s striking Lincoln floor plan, offering 3,001 sq ft, 4 Bedrooms, 3 Bathrooms, and a spacious 2-Car Garage on a quarter-acre lot in the scenic Heights at San Gabriel Community! Highlights include luxury RevWood Flooring in common areas, a Private Study or Bonus Flex Room, an Open Concept Family Room with soaring Vaulted Cathedral Ceilings, a 60-inch Electric Ribbon Fireplace, and a 15-foot nesting Patio Slider, leading to the spacious Covered Patio featuring continued vaulted Cathedral Ceilings and Private Backyard. The family room also opens to the Gourmet Chef’s Kitchen featuring a large Center Island, Upgraded Stainless-Steel Appliances, Walk-in Pantry, and attached Breakfast/Dining Room. Relax and unwind in the luxurious Primary Suite with Spa-Inspired Primary Bathroom, featuring a designer Free-Standing Tub, Frameless Glass Walk-In Shower, and Oversized Walk-In Closet. Finishing off this home are 3 more Bedrooms, 2 more full Bathrooms, and functional additions with a laundry room and a mudroom off the garage entrance. Experience high-end living at its finest with GFO Home's Lincoln floor plan 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! Conveniently located off Highway 29, enjoy living in vibrant Georgetown and its Historic Downtown Square with shopping, dining, and year-round fun. You’ll also enjoy Parks, Trails, easy access to the San Gabriel River, and Hill Country beauty. Zoned to Top-Notch Georgetown ISD. Estimated completion: late September 2026.

At $216/sqft, this home is 6% below the Georgetown active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1517 Shelby Ln, Georgetown, TX 78628

Property Details

Price $649,620
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,001 sqft
Lot Size 0.23 acres (10,018.8 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Heights at San Gabriel
County Williamson
Zip Code 78628
$/sqft $216/sqft
Days on Market ,
HOA $95/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240804250
List Date July 22, 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 · July 22, 2026 $653,620
Current ask $649,620
Reduced $4,000 (-0.6%) 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
1418 Blue Moon Dr
Wolf Ranch
$649,900 $222 4 bd / 3 ba 2,926 sqft , 2026-09-17
1606 Crimson Sunset Dr
Wolf Ranch West Sec 7B
$624,000 $210 4 bd / 3 ba 2,971 sqft , 2025-12-05
1216 Wolf Canyon Rd
Wolf Ranch
$624,000 $210 4 bd / 3 ba 2,971 sqft , 2026-04-27
1160 Flying Cloud Trl
Wolf Ranch West Bend
$619,900 $212 4 bd / 3 ba 2,919 sqft , 2026-06-08
1700 Crimson Sunset Dr
Wolf Ranch
$614,000 $237 4 bd / 4 ba 2,593 sqft , 2026-02-18

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
$3,118/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
$129,924
20% conventional investment loan

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

Estimated Gross Rent+$3,118
Principal + Interest−$3,545
Property Tax (~2.1% TX avg)−$1,137
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,835

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 September 20, 2026.

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