Active Listing  ·  233 days on market

516 Texas Dr

Georgetown, TX 78633
$249,000
2 Bed 2 Bath 1,328 sqft $188/sqft Built 2001 0.16 acres 2-Car Garage Pool Sun City Georgetown Ph 04A Neighborhood 15 Pu

Spend the morning at the pool, meet friends for pickleball, then unwind on your own covered patio overlooking a peaceful greenbelt. At 516 Texas Drive, a location near Sun City’s main amenity complex makes it easy to take part in the community while enjoying a quiet retreat at home. This inviting 2-bedroom, 2-bath home features a bright, open floor plan with natural light and luxury vinyl plank and tile flooring throughout, no carpet! Fresh interior paint completed in July 2026 and a beautifully remodeled primary shower give the home a refreshed feel. Generous cabinet space and built-in garage storage offer practical room for everyday essentials and hobbies.

The backyard is a standout, with mature trees, custom stonework, and landscaping that create a welcoming setting for relaxing or gathering with friends. The extended covered patio adds comfortable outdoor living space for morning coffee, dinner outside, or a quiet evening enjoying the view. Nearby pools, fitness facilities, pickleball and tennis courts, and social spaces put the Sun City lifestyle within easy reach. With golf, scenic walking trails, and clubs for a wide range of interests, there’s plenty to enjoy beyond your front door, and a comfortable place to return when the day is done.

At $188/sqft, this home is 18% 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

516 Texas Dr, Georgetown, TX 78633

Property Details

Price $249,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,328 sqft
Lot Size 0.16 acres (6,782.29 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sun City Georgetown Ph 04A Neighborhood 15 Pu
County Williamson
Zip Code 78633
$/sqft $188/sqft
Days on Market ,
HOA $1,960/Annually
Annual Tax Est. $6,180.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223508299
List Date March 24, 2026
Elementary School NA_Sun_City
Middle School NA_Sun_City
High School NA_Sun_City
School District Jarrell ISD

Jarrell ISD

NA_Sun_City · NA_Sun_City · NA_Sun_City

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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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 · March 24, 2026 $297,500
Previous ask $249,999
Current ask $249,000
▼ Reduced $48,500 (-16.3%) 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
275 Bonham Loop
Sun City Georgetown Nbrhd 24 B
$249,900 $179 2 bd / 2 ba 1,397 sqft , 2026-11-11
121 Dickens Cir
Sun City Georgetown Neighborhood 24B Pud
$250,000 $179 2 bd / 2 ba 1,397 sqft , 2026-10-08
125 Dickens Cir
Sun City Georgetown Neighborhood 24B Pud
$252,000 $177 2 bd / 2 ba 1,426 sqft , 2026-07-30
123 Dickens Cir
Sun City Georgetown Neighborhood 24B Pud
$242,000 $173 2 bd / 2 ba 1,397 sqft , 2026-10-08
317 Essex Ln
Sun City Georgetown Neighborhood 33 Pud
$235,000 $168 2 bd / 2 ba 1,397 sqft , 2026-04-20

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
$1,195/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
$49,800
20% conventional investment loan

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

Estimated Gross Rent+$1,195
Principal + Interest−$1,359
Property Tax (assumed ~2.1%)−$436
Insurance (assumed ~0.5%)−$104
Est. Monthly Cash Flow $-704

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

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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 · 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 →

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