Active Listing  ·  22 days on market

3005 Parker Dr

Georgetown, TX 78628
$400,000
3 Bed 3 Bath 1,876 sqft $213/sqft Built 2002 0.22 acres 2-Car Garage Pool River Bend 05 Ph 04

PRICE IMPROVED! Welcome to 3005 Parker Drive, a beautifully updated 3 bedroom, 2.5 bath home in Georgetown’s River Bend 55+ community. Hardwood floors and crown molding run throughout, and plantation shutters dress every window. The updated kitchen features new cabinets, new countertops, and a double oven, a bright, functional space for everyday meals and easy entertaining. A water softener is already in place.

Step out back to the covered porch, made for hanging out and entertaining, overlooking a private backyard framed by mature trees and established garden beds. The landscaping gives the whole property a polished, settled feel.

The location is hard to beat. Walk to the San Gabriel River and the neighborhood coffee shop, with access to Georgetown’s hike and bike trails right nearby. Georgetown Country Club is just 4 minutes away. I-35 is 3 minutes out, Walmart, Home Depot, and shopping are 5 minutes away, and Georgetown’s town square, often called the most beautiful in Texas, is only 9 minutes from your door. For more time outdoors, Lake Georgetown and Cedar Breaks Park are 13 miles away.

At $213/sqft, this home is 7% below the Georgetown active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3005 Parker Dr, Georgetown, TX 78628

Property Details

Price $400,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,876 sqft
Lot Size 0.22 acres (9,753.08 sqft)
Year Built 2002
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision River Bend 05 Ph 04
County Williamson
Zip Code 78628
$/sqft $213/sqft
Days on Market ,
HOA $225/Annually
Annual Tax Est. $8,021.17
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250263267
List Date October 21, 2026
Elementary School The Village
Middle School Douglas Benold
High School Georgetown
School District Georgetown ISD

Georgetown ISD

The Village · Douglas Benold · Georgetown

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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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 · October 21, 2026 $435,000
Current ask $400,000
▼ Reduced $35,000 (-8.0%) 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
120 Brazos Dr
Texas Traditions
$419,000 $208 2 bd / 2 ba 2,018 sqft , 2026-06-15
332 Adams St
The Brownstone at the Summit
$429,999 $241 3 bd / 3 ba 1,783 sqft , 2026-08-27
111 Brazos Dr
Texas Traditions
$445,000 $221 3 bd / 2 ba 2,014 sqft , 2026-09-03
308 Adams St
The Brownstone at the Summit
$449,900 $205 2 bd / 3 ba 2,192 sqft , 2026-10-09
134 Canyon Rd
Reata Trails Unit 03
$350,000 $190 3 bd / 2 ba 1,843 sqft , 2026-10-09

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
$1,920/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
$80,000
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,183
Property Tax (assumed ~2.1%)−$700
Insurance (assumed ~0.5%)−$167
Est. Monthly Cash Flow $-1,130

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 · 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 9, 2026.

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

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