Ed's Opinion of Value

$474,028 Ed's Estimate: $509,829 $576,550
Lowest Comp Recommended List: $568,000 to $577,000 Highest Comp
Based on what similar homes have actually sold for within a mile, I'd place this property's value at $509,829. I'd recommend coming to market at $568,000 to $577,000 to strike the right balance between value and market velocity. Among the similar homes currently available in WATER OAK NORTH, this price point stands out as competitive. Being 163 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2017, this home is 6 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in WATER OAK NORTH; a buyer's market based on recent absorption. The trend in WATER OAK NORTH shows prices have fallen 10.9% in the past 6 months. 153 High Plains DR, Georgetown TX 78628 nearby adjusts to $491,126; with a smaller floor plan. Based on 6 relevant data points in WATER OAK NORTH, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX
4 Beds
3 Baths 3 Full
2,913 Sq Ft
0.157 Acres
2017 Built
2 Garage

About This Property

Welcome to 505 Fair Oaks Drive — featuring one of the most sought-after floorplans in Georgetown! This spacious 4-bedroom, 3-bathroom home offers room for everyone, including a private first-floor mother-in-law suite and a dedicated office that can easily serve as a fifth bedroom. The open-concept kitchen, dining, and living area is a dream for both busy families and avid entertainers, bathed in natural light from striking picture windows that soar up to the dramatic ceilings.

The primary suite is conveniently located on the main floor and includes a generous walk-in closet and a luxurious walk-in shower. Upstairs, you’ll find two secondary bedrooms, a shared full bath, and a large flex space—ideal for a playroom, media room, or second living area.

Sitting on a unique corner lot, the oversized, flat backyard offers privacy with no direct neighbors behind or on the side—perfect for pets, play, or even a future pool. Owned solar panels provide energy efficiency with low utility bills and peace of mind with an existing warranty.

Located in the charming Water Oak neighborhood, residents enjoy a community pool, playground, and an unbeatable location near schools, shops, and Georgetown’s historic downtown—proudly called “The Most Beautiful Town Square in Texas.” With its natural beauty, vibrant events, top-notch parks, and welcoming community, Georgetown continues to attract those seeking a high quality of life just outside the City of Austin.

Features

  • Breakfast Bar
  • Ceiling Fan(s)
  • High Ceilings
  • Tray Ceiling(s)
  • Quartz Counters
  • Crown Molding
  • Double Vanity
  • French Doors
  • Interior Steps
  • Multiple Living Areas
  • Open Floorplan
  • Primary Bedroom on Main
  • Recessed Lighting
  • Walk-In Closet(s)

Location

Schools

School District Georgetown ISD
Middle School James Tippit
High School East View

Property Details

Property Type Residential Lease
Flooring Carpet, Tile, Wood
Cooling Ceiling Fan(s), Central Air, Multi Units
Heating Central, Natural Gas
Exterior Gutters Full
MLS # 1610330

Parking

Garage 2 spaces

HOA & Community

HOA Fee $194 /Quarterly
HOA Includes Common Area Maintenance

Tax Information

Annual Taxes $13,730 (2025)

Listing History

MLS# 1610330 46 days
Jul 24, 2025 Off Market
Jun 6, 2025 Listed $3,200

Frequently Asked Questions About 505 Fair Oaks DR, Georgetown TX 78628

When was 505 Fair Oaks DR, Georgetown TX 78628 built?

505 Fair Oaks DR, Georgetown TX 78628 was built in 2017.

How much does 505 Fair Oaks DR, Georgetown TX 78628 cost?

505 Fair Oaks DR, Georgetown TX 78628 sold on July 24, 2025. Contact us for sale price details.

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