Active Listing  ·  109 days on market

223 E Ridgewood Rd

Georgetown, TX 78633
$749,900
5 Bed 3 Bath 2,108 sqft $356/sqft Built 1997 1.00 acres 2-Car Garage Pool Ridgewood Estates

PRICE REDUCTION!!!!! Welcome to your private sanctuary on a beautiful 1-acre corner lot where peaceful living meets everyday convenience. Surrounded by majestic oak trees in the front yard and lush bamboo-lined landscaping in the backyard.

The main home features 4 bedrooms, 2 bathrooms, and updated countertops in the kitchen, as well as both the primary and the guest bathroom. Some of the upgrades to the home include a new AC unit with a 10 year warranty, a 4 yr old roof, updated light fixtures and a beautiful new picture window in the kitchen and primary bedroom.

The backyard is thoughtfully designed for comfortable living and entertaining. Step outside to an incredible backyard retreat complete with an outdoor kitchen, spacious seating area, fire pit, relaxing spa, and a stunning 8-foot-deep swimming pool. The beautifully maintained grounds create the perfect setting for gatherings, quiet evenings, or simply enjoying the outdoors.

Adding even more versatility is the detached ADU (Accessory Dwelling Unit) featuring a Murphy bed, bathroom, and kitchenette. Whether used as a guest house, pool house, home office, yoga studio, creative space, or private retreat, this flexible space offers endless possibilities with No HOA!! The property also has a low tax rate of only 1.55%.

Enjoy the best of both worlds—your own secluded escape with easy access to modern conveniences. Located just off Williams Drive in Georgetown. You’ll be approximately 8 to 10 minutes from the new H-E-B and about 10 minutes from Sprouts, Marshalls, HomeGoods, restaurants, and other popular shopping destinations.

Come see this hidden gem today!

At $356/sqft, this home is priced 55% above the Georgetown active market average of $229/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

223 E Ridgewood Rd, Georgetown, TX 78633

Property Details

Price $749,900
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,108 sqft
Lot Size 1.00 acres (43,560 sqft)
Year Built 1997
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Ridgewood Estates
County Williamson
Zip Code 78633
$/sqft $356/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,190
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231435867
List Date June 5, 2026
Elementary School Jo Ann Ford
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.

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 5, 2026 $798,999
Previous ask $757,000
Current ask $749,900
Reduced $49,099 (-6.1%) 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
300 Hanging Star Ln
Sun City Nbrhd 72
$550,000 $224 4 bd / 3 ba 2,455 sqft , 2026-06-03
2105 Tobiano Trce
Broken Oak
$540,000 $205 4 bd / 4 ba 2,632 sqft , 2026-07-30
313 Ridgewell Loop
Highland Village
$499,900 $176 4 bd / 3 ba 2,845 sqft , 2026-05-12

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
$3,600/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
$149,980
20% conventional investment loan

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

Estimated Gross Rent+$3,600
Principal + Interest−$4,093
Property Tax (~2.1% TX avg)−$1,312
Insurance (~0.5%)−$312
Est. Monthly Cash Flow $-2,117

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 14, 2026.

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