Active Listing  ·  57 days on market

508 Lightstone Dr

Georgetown, TX 78633
$779,900
5 Bed 4 Bath 3,323 sqft $235/sqft Built 2026 0.23 acres 3-Car Garage Pool Parmer Ranch 60

MLS# 7697228 - Built by Drees Custom Homes - Dec 2026 completion! ~ New 4 Bed,3.5 Bath home in Georgetown, TX. This home is an impressive two-story blending luxury with comfort and designed to meet your lifestyle. Step inside to a striking grand entry with a curved staircase leading to a breathtaking two-story family room, where a fireplace creates a cozy focal point. This spacious home features everything you could want, a gameroom, media room, home office and spacious outdoor living area ensuring ample room for family and guests. The luxury primary suite offers a private sanctuary, complete with Yours and Mine closets, split vanities and a relaxing tub and shower. The flexibility of a three-car garage for vehicles and additional storage is something that cannot be forgotten as well.

At $235/sqft, this home is priced 3% 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

508 Lightstone Dr, Georgetown, TX 78633

Property Details

Price $779,900
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 3,323 sqft
Lot Size 0.23 acres (9,888.12 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parmer Ranch 60
County Williamson
Zip Code 78633
$/sqft $235/sqft
Days on Market ,
HOA $50/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241353604
List Date July 27, 2026
Elementary School Jo Ann Ford
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.

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 27, 2026 $799,900
Current ask $779,900
Reduced $20,000 (-2.5%) 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
304 Barnstorm Ln
Parmer Ranch 60
$789,900 $203 5 bd / 5 ba 3,895 sqft , 2026-03-27
400 Buckaroo Dr
Parmer Ranch 60
$789,900 $206 5 bd / 5 ba 3,835 sqft , 2026-02-12
132 Huerta Rd
San Augustin
$790,000 $257 4 bd / 4 ba 3,075 sqft , 2026-06-12
308 Buckaroo Dr
Parmer Ranch 60
$759,900 $198 5 bd / 5 ba 3,831 sqft , 2026-03-27
109 Barnstorm Ln
Santa Rita Ranch Ph 1 Sec 7
$739,000 $237 4 bd / 3 ba 3,119 sqft , 2026-09-01

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
$3,744/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
$155,980
20% conventional investment loan

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

Estimated Gross Rent+$3,744
Principal + Interest−$4,256
Property Tax (~2.1% TX avg)−$1,365
Insurance (~0.5%)−$325
Est. Monthly Cash Flow $-2,202

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

More Luxury Homes in Georgetown

Loading…
View All Luxury Homes →
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 22, 2026.

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