Active Listing  ·  116 days on market

480 Monahans Dr

Georgetown, TX 78628
$619,000
4 Bed 3 Bath 2,782 sqft $223/sqft Built 2013 0.19 acres 3-Car Garage Pool Parkside at Mayfield Ranch Sec 4B

SPECIAL FINANCING INCENTIVE AVAILABLE! Qualified buyers may be eligible to receive 3% flex cash from M/I Financial to apply toward an interest-rate buydown or allowable closing costs. To qualify, both the seller and the buyer of this home must use M/I Financial for their respective home purchases. Financing is subject to lender approval, program requirements, and applicable terms and conditions. Contact the listing agent for additional details.

Beautifully reimagined, this Georgetown home delivers elevated design, impressive updates, and exceptional versatility within a thoughtfully designed floor plan. New HVAC system has recently been installed.

Soaring ceilings, abundant natural light, and luxury vinyl plank flooring create a bright, open atmosphere throughout the main living areas. At the heart of the home, the remodeled kitchen makes a striking impression with custom white cabinetry, quartz countertops, a dramatic waterfall island, premium Samsung smart appliances, and designer lighting. Open to the living and dining areas, the space is designed for both comfortable everyday living and effortless entertaining.

The flexible layout features two bedrooms on the main level, generous secondary bedrooms, and multiple spaces to work, gather, or unwind. Upstairs, a spacious game room and private media room offer endless possibilities for movie nights, game days, a home gym, or an additional lounge.

The primary suite provides a relaxing retreat with a spacious walk-in closet and a beautifully updated ensuite that blends style with functionality.

Outside, the private backyard extends the living space with a pergola and expanded covered patio, creating an inviting setting for outdoor dining, entertaining, or enjoying a quiet Texas evening.

Situated on a desirable corner homesite in a sought-after Georgetown community, this move-in-ready residence brings together sophisticated finishes, flexible living spaces, and extensive updates in one exceptional home.

At $223/sqft, this home is priced in line with the Georgetown market average of $228/sqft across 1,178 active listings. View Austin market report →

Location

480 Monahans Dr, Georgetown, TX 78628

Property Details

Price $619,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,782 sqft
Lot Size 0.19 acres (8,102.16 sqft)
Year Built 2013
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside at Mayfield Ranch Sec 4B
County Williamson
Zip Code 78628
$/sqft $223/sqft
Days on Market ,
HOA $150/Quarterly
Annual Tax Est. $11,206.36
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240145403
List Date July 19, 2026
Elementary School Parkside
Middle School Stiles
High School Rouse
School District Leander ISD

Leander ISD

Parkside · Stiles · Rouse

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 · July 19, 2026 $699,000
Previous ask $659,000
Current ask $619,000
▼ Reduced $80,000 (-11.4%) 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
713 Coppell Ct
Edgewood
$619,900 $188 4 bd / 4 ba 3,303 sqft , 2026-08-24
4045 Fulton Dr
Edgewood
$619,990 $192 5 bd / 4 ba 3,221 sqft , 2026-09-09
101 Canyon Lake Ln
Parkside at Mayfield Ranch
$619,995 $206 4 bd / 3 ba 3,012 sqft , 2026-07-09
925 Purmela St
Edgewood
$614,990 $188 5 bd / 5 ba 3,277 sqft , 2026-10-28
1469 Cypress Paul St
Parkside Peninsula
$624,900 $223 4 bd / 4 ba 2,796 sqft , 2026-07-17

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
$2,971/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
$123,800
20% conventional investment loan

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

Estimated Gross Rent+$2,971
Principal + Interest−$3,378
Property Tax (assumed ~2.1%)−$1,083
Insurance (assumed ~0.5%)−$258
Est. Monthly Cash Flow $-1,748

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 19, 2026.

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

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