Active Listing  ·  84 days on market

905 S Walnut St

Georgetown, TX 78626
$499,000
4 Bed 2 Bath 1,709 sqft $292/sqft Built 1946 0.34 acres Pool Dimmit Add

One of Old Town Georgetown's most distinctive addresses. This Victorian-era property — believed to originate in the late 1800s — sits on a rare double-frontage lot of nearly a third of an acre, with street access on both Walnut and Pine. Set just blocks from Georgetown's celebrated Historic Square, the home carries the warmth and craftsmanship of another era: soaring ceilings, a welcoming front porch framed by mature trees, and a private pool that makes warm Texas evenings effortless.

What sets this property apart is not the house alone — it is everything around it. A two-story barn and a carriage house sit on the Pine Street side, offering the kind of flexible square footage that simply does not exist in new construction at any price: studio space, a private office, workshop, guest quarters, or income-producing dwelling. With lot depth running the full block and horse-friendly zoning, the possibilities here are genuine and varied. The lot's configuration may support a second residence — buyers are encouraged to verify with the City of Georgetown.

This is a property for someone with vision. The bones are exceptional. The location is irreplaceable. Whether you are drawn to the history, the lot potential, the creative possibilities of the barn, or simply the rare chance to own something that cannot be rebuilt — this is it. Priced to reflect the opportunity and sold in current condition.

At $292/sqft, this home is priced 28% above the Georgetown active market average of $229/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

905 S Walnut St, Georgetown, TX 78626

Property Details

Price $499,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,709 sqft
Lot Size 0.34 acres (14,997.71 sqft)
Year Built 1946
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Dimmit Add
County Williamson
Zip Code 78626
$/sqft $292/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,414.86
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238258919
List Date July 1, 2026
Elementary School Annie Purl
Middle School Charles A Forbes
High School East View
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 · July 1, 2026 $549,000
Current ask $499,000
Reduced $50,000 (-9.1%) 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
556 E 19th St
Lord Add
$475,000 $241 4 bd / 2 ba 1,971 sqft , 2026-09-01
1221 S Austin Ave
Morrow Add
$550,000 $364 3 bd / 2 ba 1,510 sqft , 2025-12-05
601 W 17th St
Division A Harts Add
$585,000 $256 3 bd / 3 ba 2,289 sqft , 2026-09-03
1105 E 17th St
OUTLOT DIVISION
$392,000 $219 3 bd / 2 ba 1,789 sqft , 2026-01-05
1730 Candee St
Old Mill Village
$375,000 $325 3 bd / 2 ba 1,155 sqft , 2026-02-05

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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 10, 2026.

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