Active Listing  ·  22 days on market

501 Sheldon Lake Dr

Georgetown, TX 78633
$296,000
2 Bed 2 Bath 1,388 sqft $213/sqft Built 2012 0.14 acres 2-Car Garage Pool Sun City Texas Nbrhd 52

Enjoy peaceful greenbelt views and easy Sun City living in this charming Gray Myst floorplan, offering 2 bedrooms, 2 full baths, a versatile Flex space, and 1,388 square feet of thoughtfully designed living space.

Inside, you’ll appreciate the easy-care, no-carpet flooring with tile and luxury vinyl plank throughout. Plantation shutters add a classic touch, while a tray ceiling enhances the main living area. The kitchen features white antiqued-finish cabinetry, black appliances, and a gas range, creating a warm and inviting space for everyday meals or entertaining.

The flexible bonus space provides plenty of options for a home office, hobby room, reading area, or additional sitting space. Both bedrooms are comfortably separated, providing privacy for homeowners and overnight guests.

Step outside to the covered back patio and enjoy a wooded greenbelt setting with no immediate homes directly behind you. A large, established backyard tree adds shade, character, and a beautiful natural backdrop—perfect for relaxing with your morning coffee or unwinding at the end of the day.

Additional features include plantation shutters and convenient overhead storage racks in the garage for extra organization.

Located in Sun City Texas, this home offers access to an active 55+ lifestyle with golf, fitness centers, swimming pools, pickleball and tennis courts, walking trails, clubs, activities, and countless opportunities to connect with neighbors and enjoy everything the community has to offer.

Come see how comfortably this Gray Myst combines manageable square footage, flexible living space, and a peaceful greenbelt setting in Sun City Texas!

CONVEYS: Refrigerator, Washer/Dryer

At $213/sqft, this home is 7% 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

501 Sheldon Lake Dr, Georgetown, TX 78633

Property Details

Price $296,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,388 sqft
Lot Size 0.14 acres (6,172.45 sqft)
Year Built 2012
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sun City Texas Nbrhd 52
County Williamson
Zip Code 78633
$/sqft $213/sqft
Days on Market ,
HOA $163.33/Monthly
Annual Tax Est. $1,369.33
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241536390
List Date August 31, 2026
Elementary School NA_Sun_City
Middle School NA_Sun_City
High School NA_Sun_City
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 31, 2026 $302,000
Current ask $296,000
Reduced $6,000 (-2.0%) 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
600 Salado Creek Ln
Sun City Texas Nbrhd 50
$295,000 $213 2 bd / 2 ba 1,388 sqft , 2026-08-02
307 Kickapoo Creek Ln
Sun City Texas
$309,950 $211 2 bd / 2 ba 1,471 sqft , 2026-09-02
834 Salado Creek Ln
Sun City
$310,000 $223 3 bd / 2 ba 1,388 sqft , 2026-06-18
214 Hobby St
Sun City
$315,000 $213 2 bd / 2 ba 1,481 sqft , 2026-07-31
108 Farm Hill Dr
Sun City
$275,000 $207 3 bd / 2 ba 1,328 sqft , 2026-05-04

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
$1,421/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
$59,200
20% conventional investment loan

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

Estimated Gross Rent+$1,421
Principal + Interest−$1,615
Property Tax (~2.1% TX avg)−$518
Insurance (~0.5%)−$123
Est. Monthly Cash Flow $-835

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 17, 2026.

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