Active Listing  ·  8 days on market

236 Blue Waterleaf Ln

Georgetown, TX 78626
$469,900
4 Bed 3 Bath 2,471 sqft $190/sqft Built 2015 0.17 acres 2-Car Garage Pool Teravista Sec 328

Welcome to this beautiful stone and brick front home in award-winning Teravista. Primarily first-floor living, the open and airy floor plan features three bedrooms, including the primary suite, on the main level. The spacious primary bath is complete with dual vanities, a soaking tub, and a separate shower. The desirable open-concept living space showcases a chef's kitchen, featuring granite countertops, stainless steel appliances, and a large island. Also on the main floor, a private study provides a quiet space to work from home. Upstairs, the lofted suite is a luxurious retreat with a vaulted ceiling, en suite bath, and large walk-in closet. It can be utilized as an additional bedroom, or game room/flex space. Dine al fresco on the covered back patio while enjoying the privacy and views offered by the greenbelt and scenic landscaping. Enjoy several of Teravista’s fantastic amenities, including a golf course, multiple swimming pools, 2 gyms, pickle ball courts, parks, and walking trails! It's conveniently located just minutes from shopping, dining, and easy access to major highways!

At $190/sqft, this home is 17% below the Georgetown active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

236 Blue Waterleaf Ln, Georgetown, TX 78626

Property Details

Price $469,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,471 sqft
Lot Size 0.17 acres (7,287.59 sqft)
Year Built 2015
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Teravista Sec 328
County Williamson
Zip Code 78626
$/sqft $190/sqft
Days on Market ,
HOA $90/Monthly
Annual Tax Est. $9,870.81
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247567478
List Date September 24, 2026
Elementary School Carver
Middle School James Tippit
High School East View
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.

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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
217 Sand Lily Ln
Hidden Oak
$475,000 $166 4 bd / 3 ba 2,859 sqft , 2026-06-04
1205 Rock Mill Ln
Teravista
$464,000 $160 4 bd / 3 ba 2,907 sqft , 2026-09-04
2102 Reston Cv
Teravista Sec 22
$495,000 $169 4 bd / 4 ba 2,934 sqft , 2026-09-26
1217 Daylily Loop
Teravista Sec 322a Ph 2
$499,000 $166 4 bd / 4 ba 3,008 sqft , 2026-08-14
4507 Cervinia Dr
Teravista
$499,900 $176 4 bd / 3 ba 2,844 sqft , 2026-08-27

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
$93,980
20% conventional investment loan

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

Estimated Gross Rent+$2,256
Principal + Interest−$2,564
Property Tax (~2.1% TX avg)−$822
Insurance (~0.5%)−$196
Est. Monthly Cash Flow $-1,326

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 25, 2026.

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