Active Listing  ·  230 days on market

1605 S Austin Ave

Georgetown, TX 78626
$845,000
3 Bed 3 Bath 2,711 sqft $312/sqft Built 1920 0.22 acres 2-Car Garage Pool Logan Add

Located in the highly sought-after Old Town Georgetown, walking distance from the historic Square, this beautifully restored 1920s home blends timeless character with modern luxury. Thoughtfully remodeled from top to bottom, updates include all-new electrical and plumbing systems, a new HVAC system, a tankless water heater, a small addition to the back, and a completely renovated kitchen and bathrooms with quartz countertops and custom cabinets throughout, offering peace of mind without sacrificing historic charm.

Original hand-sawn 2 1/4 pine hardwood floors have been lovingly refinished, while classic woodwork and original windows preserve the home’s early-20th-century elegance. The spacious 2,711-square-foot layout (with 3,038 square feet of usable space) features three bedrooms, three full baths, two living areas, and flexible spaces perfect for today’s lifestyles.

Set on a generous lot, outdoor living shines with two back porches, a welcoming front porch, and a newly fenced backyard. The side yard features a large gated entrance, ideal for storing boats or campers, as well as a detached two-car garage with an EV electric charging station for added convenience. A circular drive, framed with mature pecan trees, provides abundant parking.

The rear primary suite offers its own entrance, creating an excellent opportunity for guest quarters or potential rental income.

Historic beauty, modern upgrades, and an unbeatable location, this Old Town Georgetown gem truly has it all.

At $312/sqft, this home is priced 36% above the Georgetown active market average of $229/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1605 S Austin Ave, Georgetown, TX 78626

Property Details

Price $845,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,711 sqft
Lot Size 0.22 acres (9,583.2 sqft)
Year Built 1920
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Logan Add
County Williamson
Zip Code 78626
$/sqft $312/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,861.86
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT215443864
List Date February 5, 2026
Elementary School Annie Purl
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.

Schedule a Call →

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 · February 5, 2026 $895,000
Previous ask $865,000
Current ask $845,000
Reduced $50,000 (-5.6%) 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
113 Retreat Pl
Retreat Sub
$879,000 $326 4 bd / 4 ba 2,695 sqft , 2026-08-17
1903 S Austin Ave
Montgomery Add
$795,000 $388 2 bd / 2 ba 2,047 sqft , 2026-04-29
1806 Eubank St
Eubank Add
$795,000 $328 4 bd / 3 ba 2,425 sqft , 2026-04-29
810 E University Ave
Snyder Add
$700,000 $382 3 bd / 3 ba 1,832 sqft , 2025-06-18
1905 S College St
Wg Lord Add
$699,000 $291 4 bd / 3 ba 2,401 sqft , 2025-12-27

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
$4,056/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
$169,000
20% conventional investment loan

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

Estimated Gross Rent+$4,056
Principal + Interest−$4,612
Property Tax (~2.1% TX avg)−$1,479
Insurance (~0.5%)−$352
Est. Monthly Cash Flow $-2,387

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 August 9, 2026.

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