Active Listing  ·  200 days on market

204 Skyline Rd

Georgetown, TX 78628
$840,000
4 Bed 3 Bath 2,790 sqft $301/sqft Built 2010 1.89 acres 3-Car Garage Pool Waterfront Oakcrest Ranchettes

Situated on 1.89 acres with beautiful Hill Country views, this Georgetown property offers the rare combination of peaceful country living just minutes from downtown. Mature trees, open space, and wide views create a setting that feels private and relaxed while still being conveniently close to shopping, dining, and everything Georgetown has to offer. Inside, the home features an open and inviting layout with warm wood flooring, granite countertops, and a spacious kitchen with custom wood cabinetry and stainless appliances that flows naturally into the living area anchored by a stone fireplace. Large windows bring in natural light and frame the surrounding landscape. The downstairs secondary bedroom is currently used as a study and makes an ideal home office, featuring generous space and beautiful built-in wood shelving that adds both character and functionality. The primary suite is spacious and private, with a large bathroom, walk-in shower, soaking tub, and an oversized walk-in closet. Additional bedrooms offer flexibility for family, guests, or hobbies. Outdoor living is where this property truly shines. Enjoy the expansive covered patio and deck overlooking the backyard, perfect for entertaining, relaxing evenings, or watching the sunset across the Hill Country. The property also features a fire pit area and plenty of space to spread out, garden, or simply enjoy the land. Enjoy room to breathe, incredible views, and a true Texas Hill Country feel while still being close to town.

At $301/sqft, this home is priced 31% 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

204 Skyline Rd, Georgetown, TX 78628

Property Details

Price $840,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,790 sqft
Lot Size 1.89 acres (82,328.4 sqft)
Year Built 2010
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oakcrest Ranchettes
County Williamson
Zip Code 78628
$/sqft $301/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,434.35
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT221777803
List Date March 7, 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 · March 7, 2026 $950,000
Previous ask $870,000
Current ask $840,000
Reduced $110,000 (-11.6%) 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
312 Southcross Rd
Oakcrest Ranchettes Unit 03
$800,000 $292 4 bd / 3 ba 2,737 sqft , 2026-09-03
129 Hollytree Ct
Wolf Ranch West Ph 1 Sec 3
$799,000 $265 4 bd / 4 ba 3,016 sqft , 2026-08-27
1032 Sunset Hill Way
Parkside on the River West
$774,900 $249 4 bd / 3 ba 3,118 sqft , 2026-04-06
112 Barefoot Park Ln
Wolf Ranch
$750,000 $246 3 bd / 3 ba 3,045 sqft , 2026-09-18
308 Ashwood Ln
Oakcrest Ranchettes Unit 03
$749,500 $245 4 bd / 3 ba 3,058 sqft , 2026-09-21

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
$4,032/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
$168,000
20% conventional investment loan

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

Estimated Gross Rent+$4,032
Principal + Interest−$4,584
Property Tax (~2.1% TX avg)−$1,470
Insurance (~0.5%)−$350
Est. Monthly Cash Flow $-2,372

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 3, 2026.

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