Active Listing  ·  39 days on market

501 County Road 248 None

Georgetown, TX 78633
$795,000
4 Bed 2 Bath 2,304 sqft $345/sqft Built 2026 2.00 acres Pool Wade Crossing Ph 01

Rare find on 2 acres just outside Georgetown, a fully remodeled 4-bedroom, 2-bath home paired with a brand-new 5,000 SF shop, completed in 2026. The red iron, clear-span building offers 16' clear height, two 14'×12' grade-level doors, and a 125-amp panel, room for trucks, trailers, equipment, RVs, boats, and every project you've been putting off. The home was remodeled this year with updated finishes throughout and is truly move-in ready. Located in the county with no city taxes and quick access to Hwy 195, you get quiet country living within an easy drive of Georgetown, Liberty Hill, and the I-35 corridor. Properties with a shop of this size and quality, let alone new construction, almost never hit the market. Bring your toys, tools, and trailers and see it in person.

At $345/sqft, this home is priced 51% above the Georgetown active market average of $229/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

501 County Road 248 None, Georgetown, TX 78633

Property Details

Price $795,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,304 sqft
Lot Size 2.00 acres (87,120 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Manufactured Home
Subdivision Wade Crossing Ph 01
County Williamson
Zip Code 78633
$/sqft $345/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $3,080.94
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243451972
List Date August 14, 2026
Elementary School San Gabriel
Middle School Douglas Benold
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.

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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
132 Huerta Rd
San Augustin
$790,000 $257 4 bd / 4 ba 3,075 sqft , 2026-06-12
1213 Glen Heather Dr
Parmer Ranch
$624,900 $207 4 bd / 4 ba 3,023 sqft , 2026-06-05
705 Estacado Ln
Parmer Ranch
$624,900 $235 4 bd / 3 ba 2,663 sqft , 2026-07-02
1109 Ellensburg Dr
Parmer Ranch
$609,900 $197 4 bd / 4 ba 3,096 sqft , 2025-09-09
1121 Ellensburg Dr
Parmer Ranch
$599,990 $217 4 bd / 3 ba 2,766 sqft , 2026-08-28

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
$3,816/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
$159,000
20% conventional investment loan

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

Estimated Gross Rent+$3,816
Principal + Interest−$4,339
Property Tax (~2.1% TX avg)−$1,391
Insurance (~0.5%)−$331
Est. Monthly Cash Flow $-2,245

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 17, 2026.

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