Active Listing  ·  33 days on market

4711 Madrid Dr

Georgetown, TX 78628
$486,900
4 Bed 4 Bath 2,828 sqft $172/sqft Built 2011 0.16 acres 2-Car Garage Pool Georgetown Village Sec 08 PUD

Welcome home to this immaculately kept 4-bedroom, 3.5-bath sanctuary spanning 2,828 square feet in a charming sidewalk community. Beautiful landscape design and a welcoming covered front porch create unbeatable curb appeal from the moment you arrive.

Inside, sunlight pours into a thoughtfully designed layout featuring an elegant formal dining room and an expansive family room built for easy living. The heart of the home is a chef-inspired island kitchen equipped with a breakfast bar, cozy breakfast nook, and abundant natural light.

Rest and relaxation await in the main-level primary suite, complete with a spa-like ensuite bath. Upstairs, you'll find a versatile bonus room and three secondary bedrooms served by two full baths, including one with dual vanities for added convenience.

Step outside to your private outdoor paradise, where a covered and extended back patio overlooks a privacy-fenced backyard featuring a trendy cowboy pool and built-in fire pit for ultimate evening relaxation.

Perfectly situated just minutes from the neighborhood park and local elementary school, this location offers effortless access to Williams Drive, HEB, premier shopping, and dining.

At $172/sqft, this home is 25% 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

4711 Madrid Dr, Georgetown, TX 78628

Property Details

Price $486,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,828 sqft
Lot Size 0.16 acres (7,013.16 sqft)
Year Built 2011
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Georgetown Village Sec 08 PUD
County Williamson
Zip Code 78628
$/sqft $172/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,941
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243349800
List Date August 20, 2026
Elementary School Raye McCoy
Middle School Charles A Forbes
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.

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 · August 20, 2026 $501,900
Current ask $486,900
Reduced $15,000 (-3.0%) 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
405 Skyflower Dr #V
Gardens/Verde Vista
$479,995 $199 3 bd / 3 ba 2,413 sqft , 2026-07-12
604 Bottlebrush Dr
Gardens at Verde Vista
$475,000 $205 4 bd / 3 ba 2,315 sqft , 2024-12-20
300 W Sequoia Spur
Serenada West
$499,999 $200 4 bd / 2 ba 2,496 sqft , 2026-09-18
313 Skyflower Dr #G
Gardens/Verde Vista
$466,000 $236 3 bd / 2 ba 1,972 sqft , 2026-06-26
102 Chestnut Ct
City Only Georgetown Village Sec 05 Pud
$510,000 $181 4 bd / 3 ba 2,810 sqft , 2026-09-01

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
$2,337/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
$97,380
20% conventional investment loan

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

Estimated Gross Rent+$2,337
Principal + Interest−$2,657
Property Tax (~2.1% TX avg)−$852
Insurance (~0.5%)−$203
Est. Monthly Cash Flow $-1,375

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 20, 2026.

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