Active Listing  ·  35 days on market

206 Buoy Dr

Georgetown, TX 78633
$530,000
3 Bed 3 Bath 2,199 sqft $241/sqft Built 1983 1.74 acres 2-Car Garage Pool north lake

1.74 ACRES + SEPARATE GUEST SUITE + NO HOA + MINUTES FROM LAKE GEORGETOWN!

Situated on 1.74 wooded acres, this Georgetown property offers privacy, versatility, and numerous improvements completed between 2021 and 2024. The all-stone main home features 2 bedrooms, a flex room, 2 full baths, an open-concept layout, wood flooring, a kitchen island, generous storage, and a stone wood-burning fireplace.

The expanded kitchen offers improved functionality with the washer, dryer, and water heater relocated to a separate space. Major updates include electrical improvements to meet code requirements, HVAC upgrades with a heat pump and new ceiling vent system, R-30 insulation, a Pentair water filtration system, and updated LG appliances.

The spacious, light-filled sunroom features surrounding windows, added air conditioning, ceiling fans, and updated window screens, creating a comfortable space to enjoy the wooded surroundings.

The separate 1-bedroom, 1-bath guest/in-law suite features a private entrance, kitchen, and living area, with updated flooring, countertops, backsplash, and kitchen sink. Ideal for extended family, guests, or flexible living arrangements.

Additional property improvements include a deepened well, updated water tank, reconfigured pump house, septic drainage repairs, and a detached 2-car garage with metal roofing and updated garage door openers.

Enjoy mature trees, Hill Country and wooded views, a fenced yard, patio and porch spaces, and NO HOA! Just minutes from Lake Georgetown and convenient to shopping and dining, this property combines acreage, updated systems, and separate living accommodations in a desirable Georgetown location.

At $241/sqft, this home is priced 6% above the Georgetown active market average of $228/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

206 Buoy Dr, Georgetown, TX 78633

Property Details

Price $530,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,199 sqft
Lot Size 1.74 acres (75,794.4 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision north lake
County Williamson
Zip Code 78633
$/sqft $241/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,150
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248824232
List Date October 8, 2026
Elementary School Jo Ann Ford
Middle School Douglas Benold
High School Georgetown
School District Georgetown ISD

Georgetown ISD

Jo Ann Ford · Douglas Benold · Georgetown

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
2000 Fountainwood Dr
Fountainwood Estates
$649,000 $226 4 bd / 3 ba 2,870 sqft , 2026-05-22

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
$2,544/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
$106,000
20% conventional investment loan

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

Estimated Gross Rent+$2,544
Principal + Interest−$2,892
Property Tax (assumed ~2.1%)−$928
Insurance (assumed ~0.5%)−$221
Est. Monthly Cash Flow $-1,497

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 · 41 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. The written content was last updated on November 3, 2026.

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

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