Active Listing  ·  57 days on market

903 Madrone Dr

Georgetown, TX 78628
$479,000
3 Bed 3 Bath 3,051 sqft $157/sqft Built 2010 0.19 acres 3-Car Garage Pool Georgetown Village Sec 09 Ph 01 Pud

Welcome to this beautifully designed 3050 sq ft home situated on a corner lot shaded by a mature live oak tree. This home is located in Georgetown's desirable Village Subdivision. This home offers 3 spacious bedrooms, a home office and large media/game room. All primary living spaces are located on the first floor. Located upstairs is a large media/bonus room with half bath offering endless possibilities for movie night, game room, fitness or additional living space. The spacious master bedroom has an en-suite bathroom that includes dual vanities and a relaxing jacuzzi tub, separate shower to make busy mornings a breeze. Enter the large walk in master closet that has built in drawers and exceptional storage space. The kitchen has an oversized granite island that seamlessly opens to the living and dining rooms creating a perfect space for both everyday living and entertaining. The living room surrounds a beautiful large gas starting, wood burning fireplace for cozy evenings to gather around. Step outside and enjoy the covered back porch with recently added cool deck surface ideal for hosting year round gatherings. Additional highlights include two HVAC systems for enhanced comfort and efficiency, a large tandem 3 car garage with newly applied durable epoxy flooring and abundant storage space. This beautiful home is located directly across the street from McCoy elementary school and close to several neighborhood pocket parks. This Village neighborhood is conveniently located along Shell Rd between Williams Dr and TX 195 with easy access to IH 35, SH 130 Toll, close to shopping, restaurants, HEB, Lake Georgetown and city trails systems

At $157/sqft, this home is 31% 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

903 Madrone Dr, Georgetown, TX 78628

Property Details

Price $479,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 3,051 sqft
Lot Size 0.19 acres (8,446.28 sqft)
Year Built 2010
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Georgetown Village Sec 09 Ph 01 Pud
County Williamson
Zip Code 78628
$/sqft $157/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,304.09
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235436812
List Date June 8, 2026
Elementary School Raye McCoy
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.

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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 · June 8, 2026 $499,000
Previous ask $489,000
Current ask $479,000
Reduced $20,000 (-4.0%) 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
1032 Teravista Xing
Teravista
$479,000 $185 4 bd / 4 ba 2,589 sqft , 2026-06-11
221 Lone Ranger Trl
Wolf Ranch West Ph 4 Sec 6
$479,900 $238 3 bd / 2 ba 2,014 sqft , 2025-09-12
100 Green Knoll Ln
Parkside on the River
$479,900 $240 4 bd / 2 ba 2,001 sqft , 2026-06-10
408 Adlai Ave
Woodside
$479,900 $237 3 bd / 2 ba 2,026 sqft , 2026-07-21
529 Buckaroo Dr
Parmer Ranch
$479,909 $185 4 bd / 4 ba 2,597 sqft , 2026-04-16

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
$2,299/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
$95,800
20% conventional investment loan

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

Estimated Gross Rent+$2,299
Principal + Interest−$2,614
Property Tax (~2.1% TX avg)−$838
Insurance (~0.5%)−$200
Est. Monthly Cash Flow $-1,353

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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