Active Listing  ·  8 days on market

516 Alameda Ln

Georgetown, TX 78628
$775,900
5 Bed 4 Bath 2,973 sqft $261/sqft Built 2027 0.16 acres 2-Car Garage Pool New Construction Wolf Ranch

A two-story entry leads past a home office with French doors to the open living areas. At the heart of the home, the kitchen offers a 5-burner gas cooktop, a generous island with built-in seating space, and a walk-in pantry. The dining area flows between the kitchen and the light-filled two-story family room with a wall of windows and access to the covered patio. A secluded primary suite at the rear of the home highlights a wall of windows in the bedroom and offers double-door entry to the primary bath with dual vanities, a freestanding tub, a glass-enclosed shower, and a walk-in closet. A guest suite with a private bath completes downstairs. Upstairs, a game room overlooks the family room and dining area below. Three secondary bedrooms and two full baths complete the second level. Additional features include a laundry room and a mud room off the two-car garage.

At $261/sqft, this home is priced 15% above the Georgetown active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

516 Alameda Ln, Georgetown, TX 78628

Property Details

Price $775,900
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 2,973 sqft
Lot Size 0.16 acres (6,795.36 sqft)
Year Built 2027
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Wolf Ranch
County Williamson
Zip Code 78628
$/sqft $261/sqft
Days on Market ,
HOA $1,120/Annually
Annual Tax Est. $2,960.85
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT249845382
List Date October 14, 2026
Elementary School Wolf Ranch Elementary
Middle School James Tippit
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
708 High Summit Dr
Wolf Ranch South Fork
$779,900 $250 4 bd / 3 ba 3,121 sqft , 2026-09-10
512 Alameda Ln
Wolf Ranch
$764,900 $299 4 bd / 4 ba 2,561 sqft , 2026-10-02
1908 Crimson Sunset Dr
Wolf Ranch
$794,900 $222 4 bd / 5 ba 3,580 sqft , 2026-01-22
1802 Crimson Sunset Dr
Wolf Ranch
$809,900 $213 4 bd / 4 ba 3,797 sqft , 2025-07-30
408 River Overlook Rd
Wolf Ranch South Fork
$819,900 $234 5 bd / 5 ba 3,510 sqft , 2026-07-27

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
$3,724/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
$155,180
20% conventional investment loan

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

Estimated Gross Rent+$3,724
Principal + Interest−$4,234
Property Tax (~2.1% TX avg)−$1,358
Insurance (~0.5%)−$323
Est. Monthly Cash Flow $-2,191

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 October 15, 2026.

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