Active Listing  ·  129 days on market

2303 Dawn Dr

Georgetown, TX 78628
$519,900
3 Bed 2 Bath 1,640 sqft $317/sqft Built 1978 0.33 acres 2-Car Garage Pool Williams Add

Owner/Agent. Rare opportunity to purchase a corner lot property with both residential use and potential office or commercial conversion. The location offers excellent visibility, accessibility, and close proximity to surrounding services and businesses, making it well suited for a live/work setup, general office use, or future redevelopment. The existing home offers approximately 1,640 square feet with 3 bedrooms and 2 bathrooms, providing flexibility as a primary residence, office space, or investment property. Refrigerator, washer and dryer do not convey. Buyer and buyer’s agent to verify zoning, permitted uses, restrictions, and development potential.

At $317/sqft, this home is priced 40% above the Georgetown active market average of $227/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2303 Dawn Dr, Georgetown, TX 78628

Property Details

Price $519,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,640 sqft
Lot Size 0.33 acres (14,287.68 sqft)
Year Built 1978
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Williams Add
County Williamson
Zip Code 78628
$/sqft $317/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223620744
List Date March 28, 2026
Elementary School Frost
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 →

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
1107 Havenwood Ln #43
Cottages at Parmer Ranch
$519,000 $286 3 bd / 3 ba 1,815 sqft , 2025-06-03
1201 Highcrest None
WOLF RANCH
$522,500 $264 3 bd / 2 ba 1,976 sqft , 2026-03-04
321 Adlai Ave
Woodside
$514,900 $254 4 bd / 4 ba 2,026 sqft , 2026-04-01
1204 Addison Ln
Wolf Ranch West Sec 1Bg
$525,000 $263 4 bd / 3 ba 1,997 sqft , 2026-04-08
108 Pelham St
Sun City Texas
$513,080 $284 2 bd / 2 ba 1,809 sqft , 2026-04-28

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
$2,496/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
$103,980
20% conventional investment loan

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

Estimated Gross Rent+$2,496
Principal + Interest−$2,837
Property Tax (~2.1% TX avg)−$910
Insurance (~0.5%)−$217
Est. Monthly Cash Flow $-1,468

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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