Active Listing  ·  166 days on market

245 Caddo Lake Dr

Georgetown, TX 78628
$525,000
4 Bed 4 Bath 3,018 sqft $174/sqft Built 2009 0.23 acres 2-Car Garage Pool Parkside At Mayfield Ranch Sec 01

Located at 245 Caddo Lake Drive in Georgetown, TX, this beautifully maintained home, built in 2009, offers comfort, space, and privacy on a rare cul-de-sac lot with no back neighbors.

Featuring 4 bedrooms and 3.5 baths, this thoughtfully designed residence provides both functionality and room to grow. The kitchen serves as the heart of the home, showcasing elegant stone countertops, a stylish backsplash, and a functional peninsula with additional seating — perfect for casual meals, morning coffee, or entertaining guests.

The living room welcomes you with a cozy fireplace that creates a warm focal point for gatherings or relaxing evenings at home. The spacious primary suite offers a private retreat, complete with a luxurious walk-in shower, dual vanities, and ample space to unwind.

Upstairs or secondary areas provide flexibility for family, guests, or a home office setup, while the additional bedrooms are generously sized to accommodate a variety of needs.

Outside you'll find an inviting patio and enjoy the fenced backyard with no rear neighbors — offering added privacy and peaceful outdoor living. Whether hosting friends or enjoying a quiet Texas sunset, this setting delivers.

A two-car garage completes the home with practical parking and storage space. Combining timeless appeal, a desirable cul-de-sac location, and thoughtful design throughout, this Georgetown home is ready to deliver both comfort and convenience.

At $174/sqft, this home is 23% below the Georgetown active market average of $226/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

245 Caddo Lake Dr, Georgetown, TX 78628

Property Details

Price $525,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,018 sqft
Lot Size 0.23 acres (10,227.89 sqft)
Year Built 2009
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside At Mayfield Ranch Sec 01
County Williamson
Zip Code 78628
$/sqft $174/sqft
Days on Market ,
HOA $150/Quarterly
Annual Tax Est. $12,096.75
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220995813
List Date March 3, 2026
Elementary School Parkside
Middle School Stiles
High School Rouse
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 3, 2026 $565,000
Previous ask $549,000
Current ask $525,000
Reduced $40,000 (-7.1%) 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
413 Monahans Dr
Parkside At Mayfield Ranch Sec 10
$525,000 $166 5 bd / 3 ba 3,172 sqft , 2026-06-11
268 Fort Cobb Way
Parkside at Mayfield Ranch
$525,000 $220 3 bd / 3 ba 2,384 sqft , 2026-08-13
109 CHOKE CANYON Ln
Parkside At Mayfield Ranch Sec 02
$530,700 $167 5 bd / 3 ba 3,179 sqft , 2026-07-29
184 Fort Cobb Way
Parkside/Mayfield Ranch Sec 8
$500,000 $210 4 bd / 3 ba 2,384 sqft , 2026-06-04
209 Monahans Dr
Parkside/Mayfield Ranch Sec 9
$495,000 $171 4 bd / 3 ba 2,898 sqft , 2026-07-10

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
$2,520/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
$105,000
20% conventional investment loan

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

Estimated Gross Rent+$2,520
Principal + Interest−$2,865
Property Tax (~2.1% TX avg)−$919
Insurance (~0.5%)−$219
Est. Monthly Cash Flow $-1,483

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 August 10, 2026.

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