About This Home

Come see this beautiful house that sits on almost a quarter acre lot covered with trees making it feel like a park. Enjoy the updated laminate flooring, paint, and stone fireplace in this open concept house great for entertaining guests or for your family. You can't beat this location for its convenience to all the Georgetown has to offer as well as easy access to I-35.

At $230/sqft, this home is priced in line with the Georgetown market average of $227/sqft across 1,314 active listings. View Austin market report →

Location

306 Lakeway Dr, Georgetown, TX 78628

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Property Details

Price $309,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,348 sqft

Lot Size 0.23 acres (10,071.07 sqft)

Year Built 1985

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Reata Trails

County Williamson

Zip Code 78628

$/sqft $230/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $5,363.07

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237242795

List Date June 24, 2026

Elementary School Williams

Middle School Douglas Benold

High School Georgetown

School District ,

Have Questions About This Property?

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

216 Whispering Wind Dr
Sun City $309,900 $197 2 bd / 2 ba 1,573 sqft , 2026-02-01

307 Kickapoo Creek Ln
Sun City Texas $309,950 $211 2 bd / 2 ba 1,471 sqft , 2025-12-16

30 Wildwood Dr #111
Oaks/Wildwood Condo $310,000 $183 2 bd / 2 ba 1,690 sqft , 2025-12-26

1205 S Church St
Cody Add $310,000 $276 3 bd / 2 ba 1,124 sqft , 2026-06-10

521 Rearing Mare Pass
Saddle Creek $309,000 $193 4 bd / 2 ba 1,602 sqft , 2026-03-27

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

$1,488/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

$61,980

20% conventional investment loan

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

Estimated Gross Rent+$1,488

Principal + Interest−$1,691

Property Tax (~2.1% TX avg)−$542

Insurance (~0.5%)−$129

Est. Monthly Cash Flow $-874

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

306 Lakeway Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

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