Active Listing  ·  3 days on market

6843 S Lakewood Dr

Georgetown, TX 78633
$474,990
3 Bed 2 Bath 1,680 sqft $283/sqft Built 1991 3.04 acres Pool Lakewood Estates

Potential! Great Location! Rare opportunity — properties like this rarely come available in this area.

Home sold as-is - The house needs work - Value is in the land

Seller offer $5000 incentive to buyer for closing cost

Investor opportunity or the perfect place to build your own dream home on 3 beautiful acres in Georgetown! Tucked away right behind Sun City, this property offers the rare combination of privacy, nature, and convenience. Remodel the existing 3 bed, 2 bath home with metal roof, expand it, or start fresh and create your own private retreat surrounded by stunning 100-year-old oak and pecan trees.

No HOA, you have the freedom to truly make it your own — bring your chickens, goats, garden, workshop, RV, or simply enjoy wide open space and peaceful country living. Seller recently added an iron gated front fence for additional privacy and charm. Utilities are already in place, making future plans even easier.

Enjoy the feeling of being away from it all while staying only 3 minutes to Randalls, 8 minutes to H-E-B, 8 minutes to Lake Georgetown, and close to restaurants, hospitals, shopping, and retail. Whether you’re an investor looking for potential or someone dreaming of building a lifestyle, this property offers endless possibilities.

Buyer and buyer’s agent to verify all information including schools, measurements, restrictions, zoning, and availability of utilities. Information deemed reliable but not guaranteed.

At $283/sqft, this home is priced 25% above the Georgetown active market average of $227/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

6843 S Lakewood Dr, Georgetown, TX 78633

Property Details

Price $474,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,680 sqft
Lot Size 3.04 acres (132,422.4 sqft)
Year Built 1991
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Lakewood Estates
County Williamson
Zip Code 78633
$/sqft $283/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241595073
List Date August 1, 2026
Elementary School Jo Ann Ford
Middle School Charles A Forbes
High School Georgetown
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 →

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
308 Adams St
SUMMIT AT RIVERY PARK (Brownstones)
$475,000 $217 2 bd / 3 ba 2,192 sqft , 2026-04-14
636 Martingale St
Sun City Nbrhd 78
$475,000 $257 2 bd / 2 ba 1,851 sqft , 2026-01-01
252 Rivers Edge Dr
Riverview
$475,000 $215 4 bd / 3 ba 2,210 sqft , 2026-06-03
210 Rockport St
Sun City Nbrhd 83
$475,000 $254 2 bd / 2 ba 1,868 sqft , 2026-06-24
106 Waterlily Ln
Sun City Georgetown Neighborhood 02 Amd B
$475,000 $216 3 bd / 2 ba 2,201 sqft , 2026-07-03

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
$2,280/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
$94,998
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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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