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 $222/sqft, this home is 3% 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

306 Lakeway Dr, Georgetown, TX 78628

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Property Details

Price $299,900

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 $222/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.

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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 · June 24, 2026 $309,900

Current ask $299,900

▼ Reduced $10,000 (-3.2%) 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

914 Garden Meadow Dr
Williams Add Unit 07 $289,000 $223 3 bd / 2 ba 1,296 sqft , 2026-09-19

313 Golden Oaks Dr
Northwood Oaks $315,000 $244 3 bd / 2 ba 1,292 sqft , 2026-06-05

106 Stacey Ln
River Bend 05 Ph 03 $315,000 $214 3 bd / 2 ba 1,475 sqft , 2026-07-06

910 Garden View Dr
Williams Add $319,000 $235 3 bd / 2 ba 1,356 sqft , 2026-05-05

501 E Central Dr
WILLIAMS ADDITION UNIT 4 $280,000 $203 3 bd / 2 ba 1,376 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

$1,440/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

$59,980

20% conventional investment loan

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

Estimated Gross Rent+$1,440

Principal + Interest−$1,637

Property Tax (~2.1% TX avg)−$525

Insurance (~0.5%)−$125

Est. Monthly Cash Flow $-847

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 →

About the Author

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 21, 2026.

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

306 Lakeway Dr

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

306 Lakeway Dr

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

Explore Austin Real Estate