Active Listing  ·  67 days on market

205 Oakstone Dr

Georgetown, TX 78628
$339,900
3 Bed 3 Bath 1,977 sqft $172/sqft Built 2020 0.16 acres 2-Car Garage Pool Morningstar Ph 3 Sec 2B

Exceptionally maintained and full of charm, this adorable 3-bedroom, 2.5-bath home sits on an oversized lot in the desirable MorningStar community! Featuring new vinyl laminate flooring throughout the upstairs, tile flooring downstairs, fresh interior paint in 2024, and a brand new dishwasher, this home is truly move-in ready. The functional floor plan offers spacious living areas, upstairs laundry for added convenience, and a versatile flex space perfect for a playroom, home gym, office, or second living area. One of the secondary bedrooms even features a charming window seat that adds the perfect cozy touch. Step outside to enjoy the extended back patio, beautiful landscaping, and a generously sized backyard with plenty of room for a pool, swing set, or garden. Residents of MorningStar enjoy fantastic community amenities including a pool and park, all while being conveniently located near Hwy 29, Ronald Reagan Blvd., and the newly built HEB Plus!

At $172/sqft, this home is 24% below the Georgetown active market average of $227/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

205 Oakstone Dr, Georgetown, TX 78628

Property Details

Price $339,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,977 sqft
Lot Size 0.16 acres (6,947.82 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Morningstar Ph 3 Sec 2B
County Williamson
Zip Code 78628
$/sqft $172/sqft
Days on Market ,
HOA $415/Annually
Annual Tax Est. $9,373.05
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229678918
List Date May 29, 2026
Elementary School Tierra Rosa
Middle School Liberty Hill Intermediate
High School Liberty Hill
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 · May 29, 2026 $362,500
Previous ask $344,900
Current ask $339,900
Reduced $22,600 (-6.2%) 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
2420 Lobo Landing Cv
Lively Ranch
$339,900 $215 3 bd / 2 ba 1,582 sqft , 2026-05-29
105 Bent Trail Ln
Morningstar
$339,900 $193 3 bd / 3 ba 1,764 sqft , 2026-06-04
2215 McCombs St
University Park Unit 2 Sec 1 Ph D
$339,900 $136 4 bd / 3 ba 2,502 sqft , 2026-07-30
117 Sapling Dew Dr
Woodfield Preserve
$339,999 $144 4 bd / 4 ba 2,363 sqft , 2026-04-07
1909 Peaceful Porch Way
Woodfield Preserve
$339,999 $163 4 bd / 2 ba 2,081 sqft , 2026-07-14

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
$1,632/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
$67,980
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,855
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-960

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

More Luxury Homes in Georgetown

Loading…
View All Luxury Homes →