About This Home

Discover the charm of highly sought-after Serenada, where one-acre homesites, towering mature trees, a low tax rate, no HOA, and the flexibility of the ETJ create one of Georgetown's most desirable neighborhoods. This ranch-style home offers a warm fireplace, a rare fenced backyard, and a large outbuilding with plenty of room for hobbies, storage, or a workshop. Enjoy the peace and privacy of an established community just minutes from Georgetown's Historic Square.

At $218/sqft, this home is 4% below the Georgetown active market average of $227/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4120 Granada Dr, Georgetown, TX 78628

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Property Details

Price $475,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 2,182 sqft

Lot Size 1.07 acres (46,609.2 sqft)

Year Built 1975

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Serenada Country Estates

County Williamson

Zip Code 78628

$/sqft $218/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $7,722.32

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240487608

List Date July 20, 2026

Elementary School Raye McCoy

Middle School Charles A Forbes

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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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

308 Adams St
SUMMIT AT RIVERY PARK (Brownstones) $475,000 $217 2 bd / 3 ba 2,192 sqft , 2026-04-14

636 Martingale St
Sun City Nbrhd 78 $475,000 $257 2 bd / 2 ba 1,851 sqft , 2026-01-01

248 Rivers Edge Dr
Riverview $475,000 $200 4 bd / 3 ba 2,377 sqft , 2026-06-01

252 Rivers Edge Dr
Riverview $475,000 $215 4 bd / 3 ba 2,210 sqft , 2026-06-03

153 Crescent Heights Dr
Crescent Bluff $475,000 $169 4 bd / 4 ba 2,818 sqft , 2026-05-26

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

$2,280/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

$95,000

20% conventional investment loan

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

Estimated Gross Rent+$2,280

Principal + Interest−$2,592

Property Tax (~2.1% TX avg)−$831

Insurance (~0.5%)−$198

Est. Monthly Cash Flow $-1,341

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 →

4120 Granada Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

4120 Granada Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

Explore Austin Real Estate