Active Listing  ·  7 days on market

473 Sheepshank Dr

Georgetown, TX 78633
$385,000
3 Bed 3 Bath 2,567 sqft $150/sqft Built 2016 0.14 acres 2-Car Garage Pool Creekside at Georgetown Village PUD PH 2

Welcome to 473 Sheepshank, where six majestic mature live oaks frame the property and set it apart from anything else in the neighborhood. Fresh Raleigh St. Augustine grass was just installed in the front yard, so curb appeal is already done. Home has been pre-inspected. The extra-long driveway fits four cars, with plenty of room for guests, trucks, or a boat. No HOA means real freedom to use your property the way you want. Peace of mind comes built in: the water heater was replaced in 2022, and a Flow-Tech system is installed to manage Georgetown’s hard water. The shed, added two years ago, is yours to keep or the seller will remove it. The location is hard to beat. The home sits next door to a neighborhood park, with Village Elementary and the Village Pool both just 0.4 miles away. HEB, Sprouts, Homegoods, and restaurants are 2 miles away. Weekends are easy with Lake Georgetown only 5 miles out for boating, kayaking, paddleboarding, and fishing. Commuters will appreciate being 8 miles from the TX-130/I-35 junction, 15 miles from Georgetown Square, and 38 miles from Fort Hood. Mature trees, no HOA, a park next door, and everyday conveniences close by.

At $150/sqft, this home is 34% 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

473 Sheepshank Dr, Georgetown, TX 78633

Property Details

Price $385,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,567 sqft
Lot Size 0.14 acres (5,967.72 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Creekside at Georgetown Village PUD PH 2
County Williamson
Zip Code 78633
$/sqft $150/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,680.56
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251747062
List Date November 5, 2026
Elementary School The Village
Middle School Douglas Benold
High School Georgetown
School District Georgetown ISD

Georgetown ISD

The Village · Douglas Benold · Georgetown

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
100 Bronco Cir
Sun City Georgetown Neighborhood 05A
$383,900 $228 2 bd / 2 ba 1,683 sqft , 2026-10-30
1305 Hermosa Gdns
Woodfield Preserve
$381,999 $151 4 bd / 2 ba 2,533 sqft , 2026-05-19
814 Boquilla Trl
Heritage Oaks Sec 1
$389,900 $178 3 bd / 2 ba 2,195 sqft , 2026-06-20
100 Morning Glory Cir
Sun City Georgetown Neighborhood 06 Amd B
$395,000 $214 2 bd / 2 ba 1,850 sqft , 2026-11-11
509 Sheepshank Dr
Creekside at Georgetown Village
$399,900 $159 3 bd / 2 ba 2,515 sqft , 2026-06-25

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
$1,848/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
$77,000
20% conventional investment loan

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

Estimated Gross Rent+$1,848
Principal + Interest−$2,101
Property Tax (assumed ~2.1%)−$674
Insurance (assumed ~0.5%)−$160
Est. Monthly Cash Flow $-1,087

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 November 12, 2026.

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

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