Active Listing  ·  26 days on market

217 Sheepshank Dr

Georgetown, TX 78633
$369,000
3 Bed 2 Bath 1,721 sqft $214/sqft Built 2014 0.15 acres 2-Car Garage Pool Creekside/Georgetown Village PUD P

Nestled on a half-cul-de-sac, this charming single-story home backs to lush green space, offering a private, scenic retreat right in your own backyard. Inside, the open-concept floor plan features high ceilings and arched entryways, with Pergo floors that bring a modern look throughout the living area. The spacious kitchen flows effortlessly into the family room and breakfast room, anchored by a large breakfast bar so you’re always connected to what’s happening around you — whether you’re cooking, relaxing, or visiting with guests. A large walk-in pantry and utility room sit conveniently off the kitchen for added everyday ease.

The primary suite includes a double vanity, a generously sized walk-in closet, and a big window overlooking the backyard. Step outside to a large covered patio and an extended deck with iron railing, both overlooking the gorgeous, private greenbelt — a perfect backdrop for unwinding or entertaining guests.

This home is just a block from Creekside Park, which offers a playground and picnic area, and is close to Village Elementary School, with the Village Pool (admission fees apply) also located right in the neighborhood. This great Georgetown location provides easy access to Lake Georgetown, HEB, and everything the area has to enjoy.

At $214/sqft, this home is 7% 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

217 Sheepshank Dr, Georgetown, TX 78633

Property Details

Price $369,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,721 sqft
Lot Size 0.15 acres (6,359.76 sqft)
Year Built 2014
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Creekside/Georgetown Village PUD P
County Williamson
Zip Code 78633
$/sqft $214/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244377645
List Date August 27, 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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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
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
111 Village Park Dr
Georgetown Village Sec 04-B Pud
$374,900 $210 3 bd / 2 ba 1,783 sqft , 2026-07-12
537 Bluehaw Dr
Georgetown Village Sec 09 Ph 01 Pud
$375,000 $203 3 bd / 2 ba 1,847 sqft , 2026-05-27
106 Nighthawk Way
Sun City Georgetown Neighborhood 03
$359,000 $191 3 bd / 2 ba 1,881 sqft , 2026-06-11

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
$1,771/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
$73,800
20% conventional investment loan

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

Estimated Gross Rent+$1,771
Principal + Interest−$2,014
Property Tax (~2.1% TX avg)−$646
Insurance (~0.5%)−$154
Est. Monthly Cash Flow $-1,043

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

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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 16, 2026.

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