Active Listing  ·  55 days on market

221 Indian Shoal Dr

Georgetown, TX 78628
$399,900
4 Bed 3 Bath 2,662 sqft $150/sqft Built 2020 0.15 acres 2-Car Garage Pool Shadow Canyon Ph 2

Impressively maintained Riverview home in the desirable town of Georgetown! You are welcomed by 10-foot ceilings and vinyl plank flooring throughout the first floor, complemented by a spacious and functional floor plan. The kitchen boasts light quartz countertops, a walk-in pantry, and plenty of counter space for everyday cooking and entertaining. The open-concept living room features soaring ceilings, plenty of windows for natural light, and an open view of the second-floor bonus room. The main-floor primary suite includes a tray ceiling and a private ensuite bath with dual vanities, a water closet, a soaking tub, a glass-enclosed shower, and a large walk-in closet. A second bedroom on the main floor provides flexibility for guests, an office, or an exercise room. Upstairs, there are two additional bedrooms, a full bathroom, and a generous bonus room offering even more space for a media room, playroom, or second living area. Outside, the generously sized covered patio opens to a private backyard with ample room to relax and enjoy the outdoors. Incredible location, centrally located just off Highway 29 in Georgetown with quick access to I-35 and 183. Only minutes from historic downtown Georgetown's shops and restaurants, St. David's Hospital, Wolf Ranch Town Center, various parks and trails along the San Gabriel River, and more.

At $150/sqft, this home is 34% 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 Indian Shoal Dr, Georgetown, TX 78628

Property Details

Price $399,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,662 sqft
Lot Size 0.15 acres (6,494.8 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Shadow Canyon Ph 2
County Williamson
Zip Code 78628
$/sqft $150/sqft
Days on Market ,
HOA $165/Quarterly
Annual Tax Est. $11,015.75
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237645174
List Date July 30, 2026
Elementary School Wolf Ranch Elementary
Middle School James Tippit
High School East View
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 · July 30, 2026 $404,950
Current ask $399,900
Reduced $5,050 (-1.2%) 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
644 Peace Pipe Way
RIVERVIEW
$399,000 $169 4 bd / 3 ba 2,361 sqft , 2026-08-27
341 Peace Pipe Way
Riverview
$390,000 $223 4 bd / 2 ba 1,749 sqft , 2026-07-03
313 Peace Pipe Way
Shadow Canyon Ph 2
$389,000 $166 4 bd / 3 ba 2,345 sqft , 2026-08-24
205 Indian Shoal Dr
Shadow Canyon Ph 2
$419,000 $217 3 bd / 2 ba 1,934 sqft , 2026-07-15
121 Rough Creek Rd
Wolf Ranch
$422,500 $216 3 bd / 2 ba 1,956 sqft , 2026-06-14

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
$1,920/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
$79,980
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,182
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,129

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 4, 2026.

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