Active Listing  ·  198 days on market

401 Millard St

Georgetown, TX 78628
$694,000
5 Bed 4 Bath 4,045 sqft $172/sqft Built 2018 0.20 acres 2-Car Garage Pool Morningstar Ph 1 Sec 2 Sub

Welcome to your personal paradise and playground! Morningstar is a vibrant community offering walking trails, an off-leash dog park, multiple pools and playgrounds. Nicely placed on a corner lot, this large five-bedroom home is aimed to please the cook, baker, swimmer, golfer, and movie buff! With over 4000 square feet, there is ample room to live, work, and play. Even the garage is upgraded with overhead storage.

Your outdoor space includes a covered patio, built-in grill, custom 6-hole putting green and pool. The pool's pebble blue surfacing and the stone surround makes it feel like a private lagoon. Enjoy cooler evenings pool-side, staying warm by the gas firepit. Holiday lighting is a breeze with permanently installed LED lighting at the roofline.

The house is light and bright with two-story windows and an open floorplan. The kitchen is truly a cook’s delight! A built-in microwave, oven, gas stove and an oversized island make meal prep a cinch. The walk-in pantry and ample cabinetry can house all your cooking gadgets and staples. The island easily seats four people, or sit in the dine-in area. In the living room, you can cozy up to the fireplace on chilly days or relax under the fan on hot ones. With built-in cabinets and shelves you have room for storage and can show off some of your favorite art pieces.

A few steps off the living room is the primary suite, featuring a coffered ceiling, views to the pool and a large 5-piece bath, bidet included. Quick access to the laundry room can be had through one of the closets.

The main level also has a room-for-two office, a private hall leading to the half-bath, laundry room and another bedroom with ensuite bath.

Take the spiral staircase up to another living room, a movie theater with surround sound installed, snack bar with drink fridge, and three additional bedrooms and bath.

Come see your future home today!

At $172/sqft, this home is 25% 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

401 Millard St, Georgetown, TX 78628

Property Details

Price $694,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 4,045 sqft
Lot Size 0.20 acres (8,550.83 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Morningstar Ph 1 Sec 2 Sub
County Williamson
Zip Code 78628
$/sqft $172/sqft
Days on Market ,
HOA $70.13/Monthly
Annual Tax Est. $18,092.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227759257
List Date April 28, 2026
Elementary School Tierra Rosa
Middle School Santa Rita Middle
High School Legacy Ranch
School District Liberty Hill ISD

Liberty Hill ISD

Tierra Rosa · Santa Rita Middle · Legacy Ranch

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 · April 28, 2026 $735,000
Previous ask $699,000
Current ask $694,000
▼ Reduced $41,000 (-5.6%) 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 Chantilly Way
Santa Rita Ranch
$699,990 $202 4 bd / 4 ba 3,465 sqft , 2026-08-27
142 Montecilo Dr
Santa Rita Ranch
$729,273 $178 5 bd / 5 ba 4,108 sqft , 2026-07-24
305 Palatino Bnd
Santa Rita Ranch Ph 4 Sec 2
$655,000 $187 4 bd / 3 ba 3,496 sqft , 2026-10-08
117 Peacevine Ln
Santa Rita Ranch Ph 4 Sec 2
$615,000 $182 4 bd / 4 ba 3,381 sqft , 2026-05-28
209 Mira Mesa Dr
Santa Rita Ranch Ph 4 Sec 1 Re
$589,990 $196 4 bd / 4 ba 3,010 sqft , 2026-04-02

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
$3,331/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
$138,800
20% conventional investment loan

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

Estimated Gross Rent+$3,331
Principal + Interest−$3,787
Property Tax (assumed ~2.1%)−$1,215
Insurance (assumed ~0.5%)−$289
Est. Monthly Cash Flow $-1,960

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 October 18, 2026.

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

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