Active Listing  ·  111 days on market

221 Comet Pointe Dr

Georgetown, TX 78628
$459,950
5 Bed 4 Bath 2,835 sqft $162/sqft Built 2026 0.17 acres 2-Car Garage Pool New Construction Morningstar

Step inside this stunning 2026-built home in MorningStar and discover a layout designed for modern living. With only a few homes remaining, now is the perfect time to take advantage of this opportunity—especially with incredible discounts and builder incentives currently available!

As you enter, the open-concept floor plan welcomes you with abundant natural light, granite countertops, recessed lighting, and an inviting eat-in kitchen perfect for gathering with family and friends. The primary suite on the main level offers a private retreat, while upstairs provides additional bedrooms and flexible space for guests, work, or play.

Outside your door, MorningStar offers a lifestyle that’s hard to match, with resort-style pools, splash pads, parks, fishing ponds, sports courts, miles of trails, and over 75 acres of open green space.

Conveniently located near Georgetown shopping, dining, and major commuter routes, this home delivers comfort, convenience, and an exceptional Hill Country lifestyle. Don’t miss your chance to make this home yours—limited inventory remains, and the current discounts and incentives make this an opportunity worth taking advantage of before they’re gone!

At $162/sqft, this home is 29% 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

221 Comet Pointe Dr, Georgetown, TX 78628

Property Details

Price $459,950
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 2,835 sqft
Lot Size 0.17 acres (7,300.66 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Morningstar
County Williamson
Zip Code 78628
$/sqft $162/sqft
Days on Market ,
HOA $528/Annually
Annual Tax Est. $6,000
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT232578468
List Date June 4, 2026
Elementary School Bar W
Middle School Liberty Hill (Liberty Hill)
High School Legacy Ranch
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 · June 4, 2026 $504,950
Previous ask $470,950
Current ask $459,950
Reduced $45,000 (-8.9%) 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
332 Stellar Wind Dr
Morningstar
$459,950 $162 5 bd / 4 ba 2,835 sqft , 2026-06-04
808 Bonnet Blvd
Rancho Sienna Sec 9
$459,990 $183 4 bd / 3 ba 2,508 sqft , 2025-04-17
33 Bent Trail Ln
Morningstar Ph 4 Sec 3
$459,000 $166 5 bd / 3 ba 2,757 sqft , 2026-09-18
101 Stone Canyon Dr
Morningstar
$455,000 $173 6 bd / 4 ba 2,634 sqft , 2026-08-02
228 High Mesa Dr
Morningstar Ph 3 Sec 3
$470,000 $195 4 bd / 3 ba 2,407 sqft , 2026-07-13

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
$2,208/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
$91,990
20% conventional investment loan

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

Estimated Gross Rent+$2,208
Principal + Interest−$2,510
Property Tax (~2.1% TX avg)−$805
Insurance (~0.5%)−$192
Est. Monthly Cash Flow $-1,299

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 20, 2026.

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