Active Listing  ·  32 days on market

701 Highland Spring Ln

Georgetown, TX 78633
$1,170,000
5 Bed 4 Bath 3,693 sqft $317/sqft Built 2001 1.17 acres 3-Car Garage Pool Woods Fountainwood Ph 02

Located in the highly desirable The Woods at Fountainwood Estates community, this elegant residence offers a rare sense of space and privacy on 1.17 acres. Thoughtfully designed for both elegant entertaining and everyday comfort, the home offers 4 spacious bedrooms, 4 full bathrooms, a separate office with it's own entrance from the front porch, a dedicated dining room, and a bright breakfast nook overlooking back yard & pool. A vaulted screened porch, finished with warm wood detailing, extends the living space outdoors and creates an inviting setting for relaxing or entertaining. Above the garage, a versatile bonus suite with a full bath is ideal for guests, a private retreat, or additional living space. Enjoy resort-style living at home with a sparkling saltwater pool, a convenient cover, and a private patio made for relaxing and entertaining. A three car garage completes this exceptional offering. Discover the space, privacy and elegance of your own Georgetown retreat-where your next chapter begins!

At $317/sqft, this home is priced 39% above the Georgetown active market average of $228/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

701 Highland Spring Ln, Georgetown, TX 78633

Property Details

Price $1,170,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,693 sqft
Lot Size 1.17 acres (50,965.2 sqft)
Year Built 2001
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Woods Fountainwood Ph 02
County Williamson
Zip Code 78633
$/sqft $317/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,710.75
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249545838
List Date October 11, 2026
Elementary School Jo Ann Ford
Middle School Douglas Benold
High School Georgetown
School District Georgetown ISD

Georgetown ISD

Jo Ann Ford · Douglas Benold · Georgetown

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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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
302 Highland Spring Ln
Highland Estates
$1,100,000 $333 4 bd / 4 ba 3,306 sqft , 2026-07-24
200 Diamond Trl
Woods Fountainwood Ph 01A
$1,085,000 $259 4 bd / 3 ba 4,187 sqft , 2026-07-23
105 Bonnie Rose None
Fountainwood Estates Ph 6
$1,000,000 $237 6 bd / 3 ba 4,222 sqft , 2026-07-24
128 Tuscany Way
Emory Farms Sec 3
$975,000 $316 4 bd / 3 ba 3,086 sqft , 2026-09-18
107 Hallie Ct
Woods Fountainwood Ph 02
$940,000 $243 4 bd / 4 ba 3,861 sqft , 2026-08-28

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
$5,616/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
$234,000
20% conventional investment loan

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

Estimated Gross Rent+$5,616
Principal + Interest−$6,385
Property Tax (assumed ~2.1%)−$2,048
Insurance (assumed ~0.5%)−$488
Est. Monthly Cash Flow $-3,305

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 8, 2026.

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

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