Active Listing  ·  15 days on market

200 Park Place Dr

Georgetown, TX 78628
$721,000
5 Bed 3 Bath 3,045 sqft $237/sqft Built 2002 1.00 acres 2-Car Garage Pool Gabriels Overlook Sec 01

MOTIVATED SELLER – EXCEPTIONAL VALUE OPPORTUNITY! Priced below tax-assessed value with additional flexibility for a buyer willing to complete renovations and purchase the property as-is. Buyers choosing the as-is option may benefit from a further price reduction while gaining the freedom to renovate, update, and personalize the home to their own taste and timeline. Situated on 1 acre in the highly desirable gated Gabriel’s Overlook community, this stone home offers the peaceful Hill Country feel buyers love while remaining convenient to Austin. Deer are frequent visitors, adding to the relaxed country setting. The open floor plan and abundant windows create a light, bright interior with high ceilings, generously sized rooms, and excellent potential throughout. Outdoors, enjoy a large backyard designed for entertaining and a pool added in 2017. A unique opportunity for buyers looking to create their ideal home at an attractive price point. FORECLOSURE. Investors are also welcome. Seller is motivated and open, including to an as-is purchase with additional renovation-related pricing flexibility.

At $237/sqft, this home is priced 5% 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

200 Park Place Dr, Georgetown, TX 78628

Property Details

Price $721,000
Status Active Listing
Beds 5
Full Baths 2
Half Baths 1
Living Area 3,045 sqft
Lot Size 1.00 acres (43,560 sqft)
Year Built 2002
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Gabriels Overlook Sec 01
County Williamson
Zip Code 78628
$/sqft $237/sqft
Days on Market ,
HOA $810/Annually
Annual Tax Est. $12,653.46
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249280293
List Date October 8, 2026
Elementary School Rancho Sienna
Middle School Santa Rita Middle
High School Legacy Ranch
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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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
104 CATANI Loop
RANCHO SIENNA
$670,000 $195 4 bd / 4 ba 3,434 sqft , 2026-04-16
109 San Michelle Cv
Rancho Sienna Sec 3
$649,900 $206 4 bd / 4 ba 3,156 sqft , 2026-07-07
140 Catani Loop
Rancho Sienna Ph 2 Sec 14
$635,000 $203 4 bd / 4 ba 3,133 sqft , 2026-06-17
209 Park Place Dr
Gabriels Overlook Sec 01
$850,000 $240 4 bd / 4 ba 3,543 sqft , 2026-07-13
314 Ridge View Dr
Gabriels Overlook Sec 01
$850,000 $275 4 bd / 4 ba 3,089 sqft , 2026-08-18

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
$3,461/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
$144,200
20% conventional investment loan

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

Estimated Gross Rent+$3,461
Principal + Interest−$3,935
Property Tax (~2.1% TX avg)−$1,262
Insurance (~0.5%)−$300
Est. Monthly Cash Flow $-2,036

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 12, 2026.

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