Active Listing  ·  56 days on market

605 Meadowbrook Dr

Georgetown, TX 78628
$399,990
4 Bed 2 Bath 2,410 sqft $166/sqft Built 1980 0.26 acres 1-Car Garage Pool San Gabriel Heights Sec 04

Welcome to one of the best values in Georgetown! Situated on a rare corner lot with an incredible 100 feet of street frontage, this beautifully updated home offers 2,280 square feet—the largest home currently available in the area. Major recent improvements provide peace of mind, including a 2023 roof, fresh interior and exterior paint, brand-new carpet, refinished wood floors, and new kitchen appliances, making this home truly move-in ready. Inside, you'll find timeless charm with plantation shutters throughout, beautiful hardwood flooring, and an expansive great room highlighted by a dramatic stacked stone fireplace. The kitchen features a gas range, stained-glass accent windows above the sink, and a convenient pass-through serving window to the outdoor bar—perfect for entertaining family and friends. Outdoor living is exceptional with three covered patios—a welcoming front porch and two separate covered rear patios, each with its own French door access. Towering mature oak trees create shade and privacy across both the front and back yards. The flexible floor plan offers endless possibilities. A 177-square-foot garage conversion connects to a second living area, making it ideal for a game room, home office, multigenerational living, or easily adding a bathroom to create a private guest suite or income-producing space. An additional large dry storage building provides ample storage today and could be converted into an art studio, workshop, or hobby space. Ideally located just minutes from the scenic San Gabriel River, Georgetown's award-winning Historic Square, Wolf Ranch Town Center, H-E-B, and Southwestern University, this home combines space, character, updates, and an unbeatable location. Opportunities to own a property with this much land, square footage, and flexibility at this price point are few and far between.

At $166/sqft, this home is 27% 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

605 Meadowbrook Dr, Georgetown, TX 78628

Property Details

Price $399,990
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,410 sqft
Lot Size 0.26 acres (11,390.94 sqft)
Year Built 1980
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision San Gabriel Heights Sec 04
County Williamson
Zip Code 78628
$/sqft $166/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,340
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241765178
List Date July 30, 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.

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 · July 30, 2026 $410,000
Previous ask $399,999
Current ask $399,990
Reduced $10,010 (-2.4%) 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
102 River Down Rd
Riverview Estates
$395,000 $200 3 bd / 3 ba 1,978 sqft , 2026-07-15
302 Debora Dr
Sierra Vista Sec 01
$388,000 $205 4 bd / 2 ba 1,893 sqft , 2026-03-12
240 Diamondback Dr
WOLF RANCH
$415,000 $250 3 bd / 3 ba 1,660 sqft , 2026-06-30
303 Pin Oak Dr
Sierra Vista Sec 1, Thousand Oaks (YB Prior 1990)
$380,000 $187 3 bd / 2 ba 2,034 sqft , 2026-07-03
1801 Candee St
Lackey Estate
$375,000 $191 3 bd / 2 ba 1,968 sqft , 2026-03-12

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
$79,998
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,183
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,130

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 7, 2026.

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