Active Listing  ·  51 days on market

703 Parkway St

Georgetown, TX 78628
$519,612
3 Bed 3 Bath 2,239 sqft $232/sqft Built 1980 0.28 acres 2-Car Garage Pool Country Club

Completely reimagined from top to bottom, 703 Parkway Street blends modern luxury, timeless character, and an unbeatable Georgetown location—all on an oversized lot with NO HOA.

This fully remodeled home features brand-new high-end custom kitchen cabinetry, double ovens, designer finishes, and a floor plan that is both beautiful and functional.

A standout feature is the expansive entertaining wing, where a custom wet bar flows into a secondary dining and gathering space, all opening directly into the oversized living room. Whether hosting game day, holiday dinners, or family celebrations, this open-concept area was designed to bring everyone together.

Featuring 3 bedrooms and 3 full bathrooms, the oversized primary suite offers a spa-inspired bath, large walk-in shower, and an adjoining bonus space ideal for a sitting room, home gym, nursery, or reading lounge.

Outside, the oversized lot offers rare flexibility with room for RV parking, a storage shed, and a detached studio perfect for an art studio, workshop, home office, fitness room, guest retreat, or creative space.

Located minutes from the Historic Georgetown Square, enjoy award-winning restaurants, boutique shopping, coffee shops, festivals, and the scenic San Gabriel River hike and bike trails.

The seller is offering an optional turnkey furnishings package with the home. All pieces are brand new and have been thoughtfully selected to complement the design of the property. Buyers may purchase individual items, room packages, or the complete collection depending on what best fits their needs.

Beautifully renovated, designed for entertaining, and perfectly located, 703 Parkway Street offers move-in-ready living, designer finishes, unmatched flexibility, and one of Georgetown's most desirable lifestyles—all without HOA restrictions.

At $232/sqft, this home is priced in line with the Georgetown market average of $229/sqft across 1,266 active listings. View Austin market report →

Location

703 Parkway St, Georgetown, TX 78628

Property Details

Price $519,612
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,239 sqft
Lot Size 0.28 acres (12,131.46 sqft)
Year Built 1980
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Country Club
County Williamson
Zip Code 78628
$/sqft $232/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,919.59
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242144447
List Date August 3, 2026
Elementary School The Village
Middle School Douglas Benold
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 →

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 · August 3, 2026 $535,000
Current ask $519,612
Reduced $15,388 (-2.9%) 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
100 Indian Paintbrush Trl
Wolf Ranch West
$515,000 $194 4 bd / 3 ba 2,649 sqft , 2026-04-15
311 Harmony Ln
Oakcrest Ranchettes Unit 03
$489,000 $275 3 bd / 2 ba 1,781 sqft , 2026-07-11
2303 Dawn Dr
Williams Add
$484,900 $296 3 bd / 2 ba 1,640 sqft , 2026-03-28
2912 Brandy Ln
River Bend Unit 05 Ph 01
$465,456 $226 3 bd / 2 ba 2,062 sqft , 2025-10-10
308 Adams St
SUMMIT AT RIVERY PARK (Brownstones)
$460,000 $210 2 bd / 3 ba 2,192 sqft , 2026-04-14

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
$2,494/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
$103,922
20% conventional investment loan

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

Estimated Gross Rent+$2,494
Principal + Interest−$2,836
Property Tax (~2.1% TX avg)−$909
Insurance (~0.5%)−$217
Est. Monthly Cash Flow $-1,468

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 19, 2026.

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