Active Listing  ·  114 days on market

540 River Overlook Rd

Georgetown, TX 78628
$699,900
4 Bed 3 Bath 2,474 sqft $283/sqft Built 2026 0.15 acres 2-Car Garage Pool Wolf Ranch South Fork

MLS# 2408361 - Built by Drees Custom Homes - Oct 2026 completion! ~ New 4 BR, 3 BA home in Georgetown, TX. The Thomas has it all! This modern one-level floor plan is a Drees Universal Design which means it offers stylish accessibility from the front door to the most important living spaces, including the primary suite, kitchen and main living areas. This home offers 4 bedrooms including the primary bedroom suite and bath where you'll find double vanities, a large shower and walk-in closet. You'll also enjoy relaxing evenings on the cozy covered patio. The Thomas offers storage galore with an oversized garage that includes enough space to house large garbage cans, a golf cart or lawn and sports equipment. The Thomas is located within sought-after Wolf Ranch South Fork, offering a convenient location for your dream home. Virtual tours and interior photos are for illustrative purposes only and floor plan may vary from the imagery.

At $283/sqft, this home is priced 24% 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

540 River Overlook Rd, Georgetown, TX 78628

Property Details

Price $699,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,474 sqft
Lot Size 0.15 acres (6,534 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Wolf Ranch South Fork
County Williamson
Zip Code 78628
$/sqft $283/sqft
Days on Market ,
HOA $560/Semi-Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232237770
List Date June 1, 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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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 1, 2026 $719,900
Previous ask $714,900
Current ask $699,900
Reduced $20,000 (-2.8%) 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
712 High Summit Dr
Wolf Ranch South Fork
$699,900 $276 4 bd / 3 ba 2,536 sqft , 2026-07-28
524 Alameda Ln
Wolf Ranch
$699,900 $232 4 bd / 4 ba 3,023 sqft , 2026-07-09
3312 Double Spur Trl
Wolf Ranch - West Bend
$699,950 $243 4 bd / 4 ba 2,877 sqft , 2026-09-16
2328 Fielder Dr
Bluff Haven
$699,990 $220 4 bd / 4 ba 3,176 sqft , 2026-04-18
1533 Jay Wolf Dr
Wolf Ranch West Sec 1Bg
$699,800 $217 4 bd / 3 ba 3,226 sqft , 2026-03-15

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
$3,360/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
$139,980
20% conventional investment loan

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

Estimated Gross Rent+$3,360
Principal + Interest−$3,820
Property Tax (~2.1% TX avg)−$1,225
Insurance (~0.5%)−$292
Est. Monthly Cash Flow $-1,977

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 September 22, 2026.

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