Active Listing  ·  22 days on market

228 High Mesa Dr

Georgetown, TX 78628
$470,000
4 Bed 3 Bath 2,407 sqft $195/sqft Built 2021 0.23 acres 2-Car Garage Pool Morningstar Ph 3 Sec 3

Discover unparalleled comfort in this captivating Georgetown residence, where sophisticated design meets everyday functionality. This single-story gem offers an exceptional living experience, perfectly balancing spacious interiors with a generous outdoor footprint. The thoughtful layout provides a seamless flow, ideal for both grand entertaining and quiet relaxation.

Situated in a desirable location, this home offers a lifestyle of convenience and tranquility. Featuring tons of upgrades throughout, this meticulously maintained property showcases thoughtful improvements and quality enhancements designed for modern living. Extensive documentation is available for the many updates and upgrades completed, providing added confidence and peace of mind for the next homeowner.

Energy efficiency is elevated with owned and fully paid-off solar panels, offering long-term value and reduced energy costs. From the beautifully enhanced interiors to the upgraded features and well-cared-for systems, every detail reflects pride of ownership. This exceptional residence is a rare opportunity to enjoy comfort, efficiency, and a move-in-ready lifestyle in one of Georgetown’s sought-after communities.

At $195/sqft, this home is 14% below the Georgetown active market average of $227/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

228 High Mesa Dr, Georgetown, TX 78628

Property Details

Price $470,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,407 sqft
Lot Size 0.23 acres (9,896.83 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Morningstar Ph 3 Sec 3
County Williamson
Zip Code 78628
$/sqft $195/sqft
Days on Market ,
HOA $414/Annually
Annual Tax Est. $11,195.98
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239063440
List Date July 13, 2026
Elementary School Tierra Rosa
Middle School Santa Rita Middle
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 →

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
157 Venti Cv
Rancho Sienna Sec 18A
$470,000 $198 4 bd / 3 ba 2,372 sqft , 2026-05-19
4309 Stone House Ranch Bnd
Lively Ranch
$469,999 $168 4 bd / 3 ba 2,794 sqft , 2026-05-07
248 Prickly Poppy Way
Nolina
$469,990 $185 4 bd / 3 ba 2,538 sqft , 2026-06-05
1808 Spring Mountain Cv
Wolf Ranch
$469,990 $223 3 bd / 3 ba 2,110 sqft , 2026-06-10
414 Deer Meadow Cir
Sun City Georgetown Neighborhood 23 Pud
$469,950 $238 3 bd / 2 ba 1,976 sqft , 2026-07-15

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
$2,256/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
$94,000
20% conventional investment loan

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

Estimated Gross Rent+$2,256
Principal + Interest−$2,565
Property Tax (~2.1% TX avg)−$823
Insurance (~0.5%)−$196
Est. Monthly Cash Flow $-1,328

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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