About This Home

Tucked on a generous 0.23-acre lot with no HOA, this turn-key 3-bedroom, 1.5-bath home offers 975 square feet of beautifully updated living space designed for comfort and peace of mind. Freshly painted inside and out, the home features brand-new siding, a newly installed roof, double-pane windows, and a reliable HVAC system, ensuring major systems are fully modernized. Inside, you will find a bright kitchen fitted with durable tile flooring alongside tastefully remodeled bathrooms. Outdoor living shines with a substantial 20x10 covered back patio overlooking the neatly landscaped grounds. Move-in ready with freedom from HOA restrictions and all the hard work already done, this property provides exceptional value and effortless low-maintenance living.

At $267/sqft, this home is priced 17% 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

2303 Cottonwood Dr, Georgetown, TX 78628

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Property Details

Price $259,900

Status Active Listing

Beds 3

Full Baths 1

Half Baths 1

Living Area 975 sqft

Lot Size 0.24 acres (10,336.79 sqft)

Year Built 1970

Garage 1 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Crestview Add

County Williamson

Zip Code 78628

$/sqft $267/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $4,257

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT251114867

List Date November 3, 2026

Elementary School The Village

Middle School Douglas Benold

High School Georgetown

School District Georgetown ISD

School District

Georgetown ISD

The Village · Douglas Benold · Georgetown

Have Questions About This Property?

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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

2913 Patti Dr
River Bend 05 Ph 04 $245,000 $217 2 bd / 2 ba 1,131 sqft , 2026-11-05

313 Golden Oaks Dr
Northwood Oaks $299,999 $232 3 bd / 2 ba 1,292 sqft , 2026-06-05

1500 Northwest Blvd #411
Cedar Ridge At Georgetown Condo $199,000 $252 2 bd / 1 ba 790 sqft , 2026-09-07

1500 Northwest Blvd #418
Cedar Ridge At Georgetown Condo $199,000 $252 2 bd / 1 ba 790 sqft , 2026-09-07

1500 Northwest Blvd #413
Cedar Ridge At Georgetown Condo $199,000 $252 2 bd / 1 ba 790 sqft , 2026-09-28

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

$1,248/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

$51,980

20% conventional investment loan

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

Estimated Gross Rent+$1,248

Principal + Interest−$1,418

Property Tax (assumed ~2.1%)−$455

Insurance (assumed ~0.5%)−$108

Est. Monthly Cash Flow $-733

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 →

Neighborhood Context

About Crestview

Crestview has emerged over the past decade as one of Central Austin's best value stories - a neighborhood of genuine mid-century character that offers more home for the money than adjacent Hyde Park or Rosedale, while sharing many of the same location advantages. The neighborhood sits north of 45th Street between Lamar and Burnet Road, placing it equidistant between downtown Austin and the Domain tech corridor.

The commercial corridors bordering Crestview are some of North Austin's most interesting. Burnet Road to the west has become one of Austin's hippest streets - Epoch Coffee, the Violet Crown Social Club, 24 Diner, and dozens of bars and restaurants that have transformed the strip over the past decade. The neighborhood attracts a mix of young families, professionals in their 30s and 40s, and buyers who want mid-century architecture without the premium of Hyde Park or Rosedale.

🏠

Mid-Century Architecture

A high concentration of intact 1950s ranch homes and mid-century modern designs. Original details - terrazzo floors, clerestory windows, open beams - are common in well-preserved examples.

🍺

Burnet Road Corridor

One of Austin's most dynamic commercial strips runs along the neighborhood's western edge. Epoch Coffee, Violet Crown Social Club, 24 Diner, and dozens more restaurants and bars within easy walking or biking distance.

💰

Best Value in Central Austin

Crestview consistently offers lower prices per square foot than Hyde Park, Rosedale, or Tarrytown for comparable central location and school quality. The gap has been closing - buyers who moved in early have seen exactly this play out.

🎓

McCallum High School

McCallum's Fine Arts Academy is one of AISD's most distinctive programs - a magnet school known for music, theater, and visual arts that draws students from across the district. A genuine asset for families with creative kids.

Full Crestview Guide →

About the Author

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 4, 2026.

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

2303 Cottonwood Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

About Crestview

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

2303 Cottonwood Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

About Crestview

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

Explore Austin Real Estate

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