Active Listing  ·  94 days on market

205 Sheepshank Dr

Georgetown, TX 78633
$367,500
3 Bed 3 Bath 2,878 sqft $128/sqft Built 2014 0.18 acres 2-Car Garage Pool Creekside at Georgetown Village

You won't find a better use of square footage in this price point. Living spaces up and downstairs, full dining and breakfast nook, and a bonus room off the primary bedroom, perfect for your crafting, nursery, or exercise needs. A private office downstairs for those who need space to work at home, or potentially modified to be used as another bedroom. Spacious secondary bedrooms with walk-in closets are also must-see. All living and bedroom spaces have ceiling fans installed and owner is providing a $10k flooring allowance. Garage comes equipped with a sink for any messy tasks that you don’t want brought inside. Fully covered front and back porch, the latter being a griller’s delight! Spacious back yard with greenbelt between you and your back neighbors. There is NO HOA in this neighborhood and there is a city pool just a quick walk or bike ride away. Lots of walking trails and parks nestled in the community, and the elementary school less than 2 blocks away. Part of the San Gabriel river is within walking distance so you can take a fishing pole and spend weekends with a reason to be outside.

At $128/sqft, this home is 44% 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

205 Sheepshank Dr, Georgetown, TX 78633

Property Details

Price $367,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,878 sqft
Lot Size 0.18 acres (8,041.18 sqft)
Year Built 2014
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Creekside at Georgetown Village
County Williamson
Zip Code 78633
$/sqft $128/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,074.03
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236526846
List Date June 20, 2026
Elementary School The Village
Middle School Douglas Benold
High School Georgetown
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 · June 20, 2026 $380,000
Previous ask $375,000
Current ask $367,500
Reduced $12,500 (-3.3%) 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
209 Hummingbird Flight Dr
Woodfield Preserve
$368,999 $148 4 bd / 2 ba 2,500 sqft , 2026-08-13
1902 Peaceful Porch Way
Woodfield Preserve
$370,999 $166 4 bd / 3 ba 2,229 sqft , 2026-09-22
112 Trailing Lantana Dr #G
Gardens/Verde Vista
$374,900 $190 2 bd / 3 ba 1,975 sqft , 2026-04-09
106 Nighthawk Way
Sun City Georgetown Neighborhood 03
$359,000 $191 3 bd / 2 ba 1,881 sqft , 2026-06-11
2314 Porch Swing Dr
Woodfield Preserve
$358,999 $161 4 bd / 3 ba 2,229 sqft , 2026-08-14

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
$1,764/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
$73,500
20% conventional investment loan

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

Estimated Gross Rent+$1,764
Principal + Interest−$2,006
Property Tax (~2.1% TX avg)−$643
Insurance (~0.5%)−$153
Est. Monthly Cash Flow $-1,038

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 19, 2026.

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