Active Listing  ·  13 days on market

509 Gabriels Bluff Dr

Georgetown, TX 78626
$324,900
4 Bed 2 Bath 1,649 sqft $197/sqft Built 2021 0.19 acres 2-Car Garage Pool Riverhill

Discover comfort, style, and modern convenience in this charming Georgetown single-story home. A welcoming facade, manicured landscaping, concrete driveway, and inviting front porch with a striking red door create wonderful curb appeal. Offering 1,649 square feet, this thoughtfully designed home features four spacious bedrooms and two full baths. The open-concept living area showcases warm wood flooring, recessed lighting, and a striking stone fireplace that creates a cozy focal point for gatherings. The contemporary kitchen is designed for both everyday living and entertaining, featuring stainless steel appliances, rich cabinetry, a breakfast bar, and center island, all opening seamlessly to the dining and living areas. Spacious bedrooms offer plush carpeting and walk-in closets for added comfort and storage. A convenient laundry closet provides space for the washer and dryer, which come include with the home. Outside, enjoy a private backyard with a well-maintained lawn, spacious concrete patio, and wood privacy fence—ideal for relaxing, dining, or entertaining. Additional convenience includes a Level 2 EV charger outlet wired in the garage. This inviting home combines functionality, comfort, and thoughtful features in a desirable Georgetown setting.

At $197/sqft, this home is 12% below the Georgetown active market average of $224/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

509 Gabriels Bluff Dr, Georgetown, TX 78626

Property Details

Price $324,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,649 sqft
Lot Size 0.19 acres (8,106.52 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverhill
County Williamson
Zip Code 78626
$/sqft $197/sqft
Days on Market ,
HOA $65/Monthly
Annual Tax Est. $5,795.92
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242574989
List Date August 10, 2026
Elementary School Annie Purl
Middle School Charles A Forbes
High School East View
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
2041 Mottey St
Highcrest Mdw Sec 2
$319,990 $210 3 bd / 2 ba 1,524 sqft , 2026-06-05
909 Black Alder St
Carlson Place
$309,950 $199 3 bd / 2 ba 1,560 sqft , 2026-08-06
2407 Howry Dr
University Park Unit 2 Sec 1 Ph D
$304,815 $163 3 bd / 3 ba 1,868 sqft , 2026-07-14
2008 QUAIL VALLEY Dr
UNIVERSITY PARK 1
$349,900 $205 4 bd / 3 ba 1,704 sqft , 2026-08-01
809 Whitman Ave
Carlson Place
$350,000 $163 3 bd / 3 ba 2,143 sqft , 2026-02-26

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
$1,560/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
$64,980
20% conventional investment loan

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

Estimated Gross Rent+$1,560
Principal + Interest−$1,773
Property Tax (~2.1% TX avg)−$569
Insurance (~0.5%)−$135
Est. Monthly Cash Flow $-917

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 15, 2026.

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