Active Listing  ·  179 days on market

2303 Dawn Dr

Georgetown, TX 78628
$484,900
3 Bed 2 Bath 1,640 sqft $296/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 $296/sqft, this home is priced 29% 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

2303 Dawn Dr, Georgetown, TX 78628

Property Details

Price $484,900
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 $296/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 →

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 · March 28, 2026 $594,900
Previous ask $519,900
Current ask $484,900
Reduced $110,000 (-18.5%) 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
311 Harmony Ln
Oakcrest Ranchettes Unit 03
$489,000 $275 3 bd / 2 ba 1,781 sqft , 2026-07-11
2912 Brandy Ln
River Bend Unit 05 Ph 01
$465,456 $226 3 bd / 2 ba 2,062 sqft , 2025-10-10
308 Adams St
SUMMIT AT RIVERY PARK (Brownstones)
$460,000 $210 2 bd / 3 ba 2,192 sqft , 2026-04-14
332 Adams St
The Brownstone at the Summit
$429,999 $241 3 bd / 3 ba 1,783 sqft , 2026-08-27
1102 Dunman Dr
Quail Meadow Unit 02
$369,900 $273 3 bd / 2 ba 1,353 sqft , 2026-08-07

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
$2,328/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
$96,980
20% conventional investment loan

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

Estimated Gross Rent+$2,328
Principal + Interest−$2,646
Property Tax (~2.1% TX avg)−$849
Insurance (~0.5%)−$202
Est. Monthly Cash Flow $-1,369

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 18, 2026.

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