Active Listing  ·  6 days on market

224 Diamondback Dr

Georgetown, TX 78628
$492,500
2 Bed 3 Bath 2,013 sqft $245/sqft Built 2021 0.22 acres 2-Car Garage Pool WOLF RANCH

Enjoy convenient lock & leave living in this impeccable energy efficient home in the sought after Wolf Ranch neighborhood, with yard maintenance included in the HOA dues. Beautiful landscaping & Heritage Oak trees frame the home, creating an inviting welcome. Inside, an open floor plan features expansive windows & gorgeous wood floors throughout main living areas, complemented by accent brick flooring in the laundry room & no carpet anywhere for easy upkeep. The living room centers around an Austin Stone brick fireplace with an emergency start feature powered by four AAA batteries in the event of a power outage & flows seamlessly into the dining area & kitchen. Gorgeous granite countertops, an island with bar seating, cabinetry with pullout drawers, stainless steel appliances, a full height classic subway tile backsplash & a pantry make the kitchen as functional as it is inviting. A versatile flex space offers room for an office, sitting room or hobby area. The spacious primary bedroom features direct backyard access, a tray ceiling, plantation shutters & an ensuite bath with a dual vanity, ample storage, a walk in shower & a walk in closet with built ins that conveniently connects to the laundry room. An additional bedroom is ideal for guests & sits nearby a full bath, while a separate half bath adds everyday convenience. Outside, a large fenced backyard features a stone wall along one side, mature trees & a covered patio for relaxing or gathering with friends. Ideally located within walking distance of the neighborhood elementary school, this home is also just minutes from Wolf Ranch Town Center, Target, Costco, downtown Georgetown, dining, recreation & everyday conveniences. Easy access to Highway 29 & I-35 simplifies commuting. Enjoy exceptional community amenities, including two resort style amenity centers with pools, a splash pad, fitness center, playgrounds, event spaces, scenic trails & a social director offering activities & events throughout the year.

At $245/sqft, this home is priced 7% 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

224 Diamondback Dr, Georgetown, TX 78628

Property Details

Price $492,500
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 2,013 sqft
Lot Size 0.22 acres (9,574.49 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision WOLF RANCH
County Williamson
Zip Code 78628
$/sqft $245/sqft
Days on Market ,
HOA $560/Semi-Annually
Annual Tax Est. $12,237.87
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251814709
List Date November 6, 2026
Elementary School Wolf Ranch Elementary
Middle School James Tippit
High School East View
School District Georgetown ISD

Georgetown ISD

Wolf Ranch Elementary · James Tippit · East View

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
1201 Highcrest None
WOLF RANCH
$489,000 $247 3 bd / 2 ba 1,976 sqft , 2026-03-04
608 Pecan Bottom Trl
Wolf Ranch
$449,990 $231 3 bd / 3 ba 1,952 sqft , 2026-10-22
113 Rough Creek Rd
Wolf Ranch
$439,900 $221 3 bd / 2 ba 1,987 sqft , 2026-06-14
109 Rough Creek Rd
Wolf Ranch
$425,500 $212 3 bd / 2 ba 2,011 sqft , 2026-06-14
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
$2,364/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
$98,500
20% conventional investment loan

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

Estimated Gross Rent+$2,364
Principal + Interest−$2,688
Property Tax (assumed ~2.1%)−$862
Insurance (assumed ~0.5%)−$205
Est. Monthly Cash Flow $-1,391

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 10, 2026.

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

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