About This Home

Charming spacious home with high beamed ceiling. New floors, fresh paint, and stainless steel appliances complete this well established home. Ideal location near major highways, restaurants, and shopping in the heart of booming Georgetown. Huge backyard with gardens/planters and still room left for a pool and kids play area.

At $223/sqft, this home is priced in line with the Georgetown market average of $227/sqft across 1,315 active listings. View Austin market report →

Location

503 E Central Dr, Georgetown, TX 78628

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Property Details

Price $289,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,295 sqft

Lot Size 0.21 acres (9,021.28 sqft)

Year Built 1981

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Williams Add

County Williamson

Zip Code 78628

$/sqft $223/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $5,504.78

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT238713896

List Date July 5, 2026

Elementary School Frost

Middle School Douglas Benold

High School Georgetown

School District ,

Have Questions About This Property?

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 →

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

404 Northwood Dr
Northwood Oaks $289,000 $214 3 bd / 2 ba 1,349 sqft , 2026-02-21

457 High Tech Dr #7F
Old Mill Crossing $289,999 $199 3 bd / 2 ba 1,459 sqft , 2026-06-24

117 Beautybush Trl
Sun City Georgetown Neighborhood 06 Amd B $290,000 $218 2 bd / 2 ba 1,330 sqft , 2026-03-05

269 Gaida Loop
Morningstar Ph 3 Sec 2A $290,500 $184 3 bd / 2 ba 1,575 sqft , 2026-04-03

311 Dove Hollow Trl
Sun City $287,000 $202 2 bd / 2 ba 1,422 sqft , 2026-07-09

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

$1,387/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

$57,800

20% conventional investment loan

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

Estimated Gross Rent+$1,387

Principal + Interest−$1,577

Property Tax (~2.1% TX avg)−$506

Insurance (~0.5%)−$120

Est. Monthly Cash Flow $-816

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

503 E Central Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

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