Active Listing  ·  140 days on market

509 Sheepshank Dr

Georgetown, TX 78633
$399,900
3 Bed 2 Bath 2,515 sqft $159/sqft Built 2017 0.15 acres 2-Car Garage Pool Creekside at Georgetown Village

HONEY STOP THE CAR! THIS ONE WON'T LAST!!

Over 2500 square feet, one story, 3 bedrooms/2 bathrooms + Flex Space all for under $400,000!

Discover the space and flexibility you've been looking for in Georgetown Village. With three generous bedrooms, an additional flex room, new wide-plank luxury vinyl flooring, and an open-concept layout, this home offers room for everyday living, entertaining, and working from home.

The well-appointed kitchen is the heart of the home, featuring generous granite counter tops, ample cabinetry, and a kitchen bar overlooking the family room—perfect for everyday living and entertaining. The private primary suite provides a peaceful retreat with a spacious bath and walk-in closet, while the secondary bedrooms offer flexibility for guests, a home office, or hobbies. New wide plank luxury vinyl flooring throughout the main areas and in one of the bedrooms. Flex space off of the main foyer is a great opportunity for a media room/play room/office.

Step outside to enjoy the extended patio and backyard, ideal for relaxing with your morning coffee or hosting friends and family. Located just minutes from historic downtown Georgetown, shopping, dining, parks, walking trails, and major commuter routes, this home offers the perfect combination of comfort, convenience, and Hill Country charm.

Additional highlights include a two-car garage, energy-efficient construction, within Georgetown ISD and the benefits of no HOA. There are great parks, Village Pool (a City of Georgetown pool), and Village Elementary in the neighborhood and within walking distance from the home.

Don't miss this exceptional opportunity to own a move-in-ready home in one of Georgetown's most sought-after neighborhoods.

At $159/sqft, this home is 30% below the Georgetown active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

509 Sheepshank Dr, Georgetown, TX 78633

Property Details

Price $399,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,515 sqft
Lot Size 0.15 acres (6,451.24 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Creekside at Georgetown Village
County Williamson
Zip Code 78633
$/sqft $159/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,715
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237521035
List Date June 25, 2026
Elementary School The Village
Middle School Douglas Benold
High School Georgetown
School District Georgetown ISD

Georgetown ISD

The Village · Douglas Benold · Georgetown

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 · June 25, 2026 $425,000
Previous ask $415,000
Current ask $399,900
▼ Reduced $25,100 (-5.9%) 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
505 Bluehaw Dr
Georgetown Village Sec 09 Ph 01 Pud
$400,000 $169 3 bd / 3 ba 2,367 sqft , 2026-07-31
904 Elmwood Dr
Georgetown Village Sec 07 Pud
$400,950 $178 4 bd / 3 ba 2,254 sqft , 2026-10-09
100 Morning Glory Cir
Sun City Georgetown Neighborhood 06 Amd B
$395,000 $214 2 bd / 2 ba 1,850 sqft , 2026-11-11
814 Boquilla Trl
Heritage Oaks Sec 1
$389,900 $178 3 bd / 2 ba 2,195 sqft , 2026-06-20
121 Flowering Cactus Ct
Woodfield Preserve
$410,499 $150 4 bd / 3 ba 2,731 sqft , 2026-10-12

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
$1,920/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
$79,980
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,182
Property Tax (assumed ~2.1%)−$700
Insurance (assumed ~0.5%)−$167
Est. Monthly Cash Flow $-1,129

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 · 41 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. The written content was last updated on November 3, 2026.

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

Save this home