Active Listing  ·  174 days on market

639 Pheasant Hill Ln

Georgetown, TX 78628
$389,900
3 Bed 3 Bath 2,085 sqft $187/sqft Built 2020 0.14 acres 2-Car Garage Pool Oaks at San Gabriel

The Builder “Saved the Tree!” — Stunning Two-Story Legend Plan by Gehan Homes- 2085SF with 2 Car garage and extra length driveway.

Welcome to The Oaks at San Gabriel, where nature and modern living come together beautifully. This exceptional Two-Story offers thoughtful design and elegant details throughout. Home Features- All 3 Bedrooms Upstairs — convenient for family living with a dedicated Game Room and the Upstairs Laundry room is truly convenient!.

Open-Concept Main Level — perfect for entertaining with a spacious Family Room and a beautifully upgraded kitchen.

Gourmet Kitchen — features an enlarged island, upgraded granite countertops, custom cabinetry, and a farmhouse sink with a window view. The "pocket" office nook adjacent to the living room will definitely be used!

French Doors lead to the covered patio, ideal for relaxing evenings.

Fully landscaped yard with full sod, sprinkler system, and a backyard playground for endless outdoor fun.

Community Highlights

Located in one of the area’s most desirable neighborhoods, The Oaks at San Gabriel offers:

Over 100 open acres with7+ miles of nature trails through tranquil, rustic surroundings

Resort-style amenities including an infinity pool, pavilion, playgrounds, picnic areas, and acres of open space

Served by acclaimed Liberty Hill Schools

Location & Convenience- Enjoy quick access to I-35 and 183, making commutes easy. Everyday essentials are just minutes away with nearby shopping, groceries, and restaurants.

Come experience the perfect balance of comfort, community, and nature at The Oaks at San Gabriel — where even the trees are treasured.

At $187/sqft, this home is 18% below the Georgetown active market average of $227/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

639 Pheasant Hill Ln, Georgetown, TX 78628

Property Details

Price $389,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,085 sqft
Lot Size 0.14 acres (5,924.16 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oaks at San Gabriel
County Williamson
Zip Code 78628
$/sqft $187/sqft
Days on Market ,
HOA $400/Annually
Annual Tax Est. $11,079.89
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT218896019
List Date February 11, 2026
Elementary School Bar W
Middle School Santa Rita Middle
High School Legacy Ranch
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 · February 11, 2026 $409,900
Previous ask $393,900
Current ask $389,900
Reduced $20,000 (-4.9%) 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
747 Westbury Ln
Georgetown Village Sec 06 Pud
$389,900 $189 4 bd / 2 ba 2,067 sqft , 2026-04-08
1101 Terrace View Dr
OAKS AT SAN GABRIEL
$389,900 $195 3 bd / 2 ba 2,000 sqft , 2026-03-27
404 Raleigh Dr
Highland Village
$389,900 $221 4 bd / 2 ba 1,762 sqft , 2026-05-12
1100 View Dr
MORNING STAR
$389,900 $191 4 bd / 3 ba 2,037 sqft , 2026-07-30
110 Persimmon Ln
Sun City Georgetown Neighborhood 07
$389,950 $201 3 bd / 2 ba 1,939 sqft , 2026-03-27

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
$1,872/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
$77,980
20% conventional investment loan

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

Estimated Gross Rent+$1,872
Principal + Interest−$2,128
Property Tax (~2.1% TX avg)−$682
Insurance (~0.5%)−$162
Est. Monthly Cash Flow $-1,100

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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