Active Listing  ·  39 days on market

903 Madrone Dr

Georgetown, TX 78628
$457,650
4 Bed 3 Bath 3,051 sqft $150/sqft Built 2010 0.19 acres 3-Car Garage Pool Georgetown Village Sec 09 Ph 01 Pud

Welcome to Georgetown Village, where a low 1.9% tax rate adds to the appeal of this thoughtfully designed Gehan home. Built in 2010 and situated on a desirable corner lot, this home offers a flexible floor plan with plenty of room to live, work, entertain, and grow. The main level features all three bedrooms, including the spacious primary suite, plus a dedicated home office and an open-concept living area filled with natural light. The kitchen is designed for everyday functionality with granite countertops, 42-inch cabinetry, a gas range, built-in microwave, dishwasher, disposal, and a butlers pantry, all opening to the main living space for easy entertaining. The primary suite offers generous space and abundant natural light, while the ensuite bath features dual sinks and vanities, a walk-in shower, soaking tub, and large walk-in closet. Two additional bedrooms on the first floor provide flexibility many needs. Upstairs, you'll find a spacious bonus room and half bath ready to fit your lifestyle. Create a game room, media room, playroom, workout space, second home office, the possibilities are endless. A convenient half bath upstairs makes the space even more functional. The tandem three-car garage offers valuable space for vehicles, storage, a workshop, or recreational gear. Minutes from two grocery stores, elementary school, and lots of eateries. With its versatile layout, first-floor bedrooms, dedicated office, bonus room, three-car garage, and attractive tax rate, this Georgetown Village home delivers the space and flexibility today's buyers are looking forall in an established Georgetown community.

At $150/sqft, this home is 34% below the Georgetown active market average of $229/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 $457,650
Status Active Listing
Beds 4
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 $150/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,304.09
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243336411
List Date August 14, 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 · August 14, 2026 $478,500
Current ask $457,650
Reduced $20,850 (-4.4%) 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
122 Bluehaw Dr
GEORGETOWN VILLAGE SEC 9 PH 5
$457,000 $155 4 bd / 3 ba 2,942 sqft , 2026-08-19
232 Village Commons Blvd
Shell Ranch Sec 02-A
$459,000 $183 4 bd / 3 ba 2,504 sqft , 2026-08-27
1622 Butterfly Bush Ln
Woodfield Preserve
$453,999 $135 4 bd / 3 ba 3,353 sqft , 2026-09-01
4120 Granada Dr
Serenada Country Estates
$465,000 $213 3 bd / 2 ba 2,182 sqft , 2026-07-20
132 Mexican Olive Dr #G
Gardens/Verde Vista
$450,000 $224 3 bd / 3 ba 2,009 sqft , 2026-05-15

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
$2,197/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
$91,530
20% conventional investment loan

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

Estimated Gross Rent+$2,197
Principal + Interest−$2,498
Property Tax (~2.1% TX avg)−$801
Insurance (~0.5%)−$191
Est. Monthly Cash Flow $-1,293

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 →