Active Listing  ·  28 days on market

480 Monahans Dr

Georgetown, TX 78628
$659,000
4 Bed 3 Bath 2,782 sqft $237/sqft Built 2013 0.19 acres 3-Car Garage Pool Parkside/Mayfield Ranch Sec 4B

Now offered at $659,000, this beautifully reimagined Georgetown home delivers elevated design, impressive updates, and exceptional versatility in a thoughtfully designed floor plan.

Step inside to soaring ceilings, abundant natural light, and luxury vinyl plank flooring that create a bright, open feel throughout the main living spaces. At the center of the home, the remodeled kitchen makes a statement with custom white cabinetry, quartz countertops, a dramatic waterfall island, premium Samsung smart appliances, and designer lighting. Open to the living and dining areas, it is equally suited for everyday living and effortless entertaining.

The flexible layout features two bedrooms on the main level along with 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 additional lounge space.

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

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

Positioned on a desirable corner homesite in a sought-after Georgetown community, this move-in-ready residence combines sophisticated finishes, flexible living spaces, and extensive updates at an exciting new price.

At $237/sqft, this home is priced 5% above the Georgetown active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

480 Monahans Dr, Georgetown, TX 78628

Property Details

Price $659,000
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/Mayfield Ranch Sec 4B
County Williamson
Zip Code 78628
$/sqft $237/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 ,

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 · July 19, 2026 $699,000
Current ask $659,000
Reduced $40,000 (-5.7%) 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
200 Lake Livingston Dr
Parkside at Mayfield Ranch
$659,000 $183 5 bd / 4 ba 3,610 sqft , 2026-04-16
4012 Fulton Dr
Edgewood
$649,990 $193 5 bd / 4 ba 3,365 sqft , 2026-07-01
1345 Sweet Violet Dr
Wildspring - Arbor Collection
$649,000 $260 4 bd / 4 ba 2,500 sqft , 2026-03-20
1397 Cypress Paul St
Parkside Peninsula
$674,900 $260 4 bd / 3 ba 2,595 sqft , 2026-04-19
4016 Fulton Dr
Edgewood
$684,990 $213 4 bd / 4 ba 3,221 sqft , 2026-07-01

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
$3,163/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
$131,800
20% conventional investment loan

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

Estimated Gross Rent+$3,163
Principal + Interest−$3,596
Property Tax (~2.1% TX avg)−$1,153
Insurance (~0.5%)−$275
Est. Monthly Cash Flow $-1,861

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 16, 2026.

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