Active Listing  ·  48 days on market

402 Raleigh Dr

Georgetown, TX 78633
$534,990
4 Bed 3 Bath 2,895 sqft $185/sqft Built 2024 0.19 acres 2-Car Garage Pool Highland Village

Stunning former model home in the coveted Highland Village community! The bright & airy "Delta" plan by Coventry Homes spans 2,895 sqft with two bedrooms on the main level, incredible storage, and multiple living areas. Impeccable, contemporary design with attention to detail throughout. Inviting main living area with soaring ceiling, elegant chandelier, and beautiful wood laminate flooring. Chef-inspired kitchen with 5 burner gas cooktop, under cabinet lighting, a working kitchen adjacent to the walk-in pantry, and quartz countertops accented by a sleek black backsplash. A sunny breakfast room and breakfast bar seating provide ample room for dining. A dedicated study offers an ideal space for remote work, reading, or school work. The primary suite is truly a retreat with a bold feature wall, views to the backyard, and complete with a spa-like bath en-suite. Thoughtful storage throughout including an expansive primary walk-in closet, mud room, and 5' garage extension. Additional living & entertaining space with a game room upstairs and a covered patio overlooking a spacious & level backyard. Residents enjoy the many community amenities including basketball court, park, playground, soccer field, picnic areas, and scenic trails. Great location with no MUD or PID, easy commuting to major employers like Dell Technologies, Emerson Automation Solutions, IBM, Apple, Samsung, Tesla plus convenience to recreation at Lake Georgetown, Cowan Creek Golf Club, Wolf Ranch Towne Center, historic Georgetown, and more! Highly rated Georgetown ISD schools. Simply a must see!

At $185/sqft, this home is 19% 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

402 Raleigh Dr, Georgetown, TX 78633

Property Details

Price $534,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,895 sqft
Lot Size 0.19 acres (8,441.93 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Village
County Williamson
Zip Code 78633
$/sqft $185/sqft
Days on Market ,
HOA $75/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240153166
List Date August 6, 2026
Elementary School Jo Ann Ford
Middle School Douglas Benold
High School Georgetown
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.

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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
2105 Tobiano Trce
Broken Oak
$540,000 $205 4 bd / 4 ba 2,632 sqft , 2026-07-30
104 Millbend Rd
Parmer Ranch Ph 2
$549,500 $189 4 bd / 3 ba 2,912 sqft , 2026-07-07
509 Buckaroo Dr
Parmer Ranch
$514,634 $198 5 bd / 3 ba 2,600 sqft , 2026-07-31
717 Estacado Ln
Parmer Ranch
$559,900 $186 4 bd / 4 ba 3,018 sqft , 2025-12-04
301 Raleigh Dr
Highland Village
$499,995 $161 5 bd / 4 ba 3,099 sqft , 2026-07-23

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
$2,568/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
$106,998
20% conventional investment loan

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

Estimated Gross Rent+$2,568
Principal + Interest−$2,920
Property Tax (~2.1% TX avg)−$936
Insurance (~0.5%)−$223
Est. Monthly Cash Flow $-1,511

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 August 20, 2026.

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