Active Listing  ·  74 days on market

311 Harmony Ln

Georgetown, TX 78628
$489,000
3 Bed 2 Bath 1,781 sqft $275/sqft Built 1980 1.08 acres 2-Car Garage Pool Oakcrest Ranchettes Unit 03

Rare opportunity to own a beautifully updated home on a full 1-acre lot with NO HOA, just minutes from Historic Downtown Georgetown! This move-in-ready property offers the perfect blend of privacy, modern upgrades, and convenience.

The home has been extensively remodeled with a modern farmhouse design, featuring an open-concept floor plan, a stunning new kitchen with modern appliances and a reverse osmosis water filtration system, fresh interior paint, new flooring, updated HVAC, new ceilings, new fencing, updated blinds, and many additional improvements throughout.

Adding even more value is a 200+ sq. ft. enclosed breezeway, providing flexible living space, along with a functional sauna—perfect for relaxing after a long day.

Enjoy the convenience of shopping, dining, and entertainment just 5 minutes away, including Wolf Ranch Town Center and the popular Georgetown Farmers Market.

Outdoor enthusiasts will love being just minutes from the San Gabriel River, offering scenic hike and bike trails, picnic areas, kayaking, and beautiful river views. You’ll also enjoy easy access to Blue Hole Park, San Gabriel Park, and Lake Georgetown. Golf lovers will appreciate being only 2 minutes from Georgetown Country Club and its beautiful golf course.

Commuting is a breeze with quick access to I-35, while Round Rock Premium Outlets, Costco, H-E-B, St. David’s Georgetown Hospital, Baylor Scott & White Medical Center, major employers, and Downtown Austin are all within a short drive.

Acreage properties this close to Downtown Georgetown are incredibly rare, making this an exceptional opportunity to enjoy spacious country living with all the conveniences of the city just minutes away.

At $275/sqft, this home is priced 20% above the Georgetown active market average of $229/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

311 Harmony Ln, Georgetown, TX 78628

Property Details

Price $489,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,781 sqft
Lot Size 1.08 acres (47,044.8 sqft)
Year Built 1980
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oakcrest Ranchettes Unit 03
County Williamson
Zip Code 78628
$/sqft $275/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,633.02
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239040458
List Date July 11, 2026
Elementary School Wolf Ranch Elementary
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.

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 · July 11, 2026 $499,000
Previous ask $494,000
Current ask $489,000
Reduced $10,000 (-2.0%) 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
2303 Dawn Dr
Williams Add
$484,900 $296 3 bd / 2 ba 1,640 sqft , 2026-03-28
2912 Brandy Ln
River Bend Unit 05 Ph 01
$465,456 $226 3 bd / 2 ba 2,062 sqft , 2025-10-10
308 Adams St
SUMMIT AT RIVERY PARK (Brownstones)
$460,000 $210 2 bd / 3 ba 2,192 sqft , 2026-04-14
703 Parkway St
Country Club
$519,612 $232 3 bd / 3 ba 2,239 sqft , 2026-08-03
332 Adams St
The Brownstone at the Summit
$429,999 $241 3 bd / 3 ba 1,783 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
$2,347/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
$97,800
20% conventional investment loan

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

Estimated Gross Rent+$2,347
Principal + Interest−$2,669
Property Tax (~2.1% TX avg)−$856
Insurance (~0.5%)−$204
Est. Monthly Cash Flow $-1,382

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 19, 2026.

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