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$550,000 Sale Pending
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Property Description
NO HOA, 1.8% tax rate on an acre! Free 1 year interest rate buy down for qualified borrowers. Down payment assistance also available through preferred lender.138 Penny Lane is nestled in the quiet countryside community of Gabriel Estates, highlighting 1 acre wooded lots. This classically custom 3 bedroom + Office home boasts upgrades throughout. Find gorgeous onyx colored cabinetry, ample counter space, and a built-in desk in the updated galley style kitchen; beautiful bay windows border the breakfast nook and the large center island offers additional tabletop seating. Making a statement, find chair railing, crown molding, and a high tray ceiling in the formal dining room. Glass French doors lead into the study and a unique built-in bookshelf elevates this space. The living room's wall of windows and wood-burning fireplace bring in abundant natural light while creating a cozy atmosphere. The oversized primary suite and elegantly remodeled primary bath features dual vanities, blond wood-like tile, and a lux walk-in shower with white stone pebbles and modern gray tile surround. Offering peaceful outdoor living, the expansive screened in patio maximizes your entertainment and dining options while overlooking a private backyard adorned with a koi pond, Pomegranate, Pear, Peach, and Fig trees. You'll love enjoying starlit, hot tub, evenings from the sprawling deck outback, accessible from both the living room or your private primary bedroom. The attached finished 2 car garage has been fitted with AC window air unit; additionally the detached 2 car garage includes an upgraded 50 amp outlet installation, making the perfect workshop. Georgetown's iconic Historic Square and Lake Georgetown, are just minutes away! Find major highways, restaurants, and bustling shopping districts nearby!
Full Property Details
Full Property Details for 138 Penny Ln
General
- Price: $550,000
- Taxes: $9,532 (2025)
- Status: Pending
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 3527541
- Updated: 1/17/2026
- Added to Site: 66 day(s) ago
Interior
- Interior Features: Breakfast Bar, Bookcases, Built-in Features, Tray Ceiling(s), Ceiling Fan(s), Crown Molding, Separate/Formal Dining Room, Double Vanity, Entrance Foyer, Eat-in Kitchen, French Door(s)/Atrium Door(s), Granite Counters, High Ceilings, Kitchen Island, Multiple Dining Areas, Main Level Primary, No Interior Steps, Pantry, Recessed Lighting, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room, Wood Burning
- Appliances: Built-In Electric Oven, Dishwasher, Electric Cooktop, Exhaust Fan, Disposal, Microwave, Stainless Steel Appliance(s)
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 3
Other Rooms
- Laundry: Main Level, Laundry Room, Washer Hookup, Electric Dryer Hookup
Additional Information
- Shared Amenities: None
- Spa: Yes
- Spa Description: Above Ground, Hot Tub
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Rain Gutters
- Porch/Patio/Deck: Covered, Deck, Enclosed, Patio, Screened
Parking
- Garage: Yes
- Garage Spaces: 4
- Covered Spaces: 4
- Total Spaces: 4
- Parking Features: Attached, Door-Multi, Detached, Garage, RV Gated, RV Access/Parking, Garage Faces Side, Workshop in Garage
Location
- Area: GTW
- County: Williamson
- Subdivision: Gabriel Estates
- Driving Directions: From I-35 N: Exit 262 toward Williams Dr onto N IH-35 Svc Rd. Keep left onto S Interstate 35 toward Sun City/Andice. Continue on Williams Dr (RR-2338 N). Turn right onto Penny Ln.
- Direction Faces: South
School Information
- Elem School District: Georgetown ISD
- Midd School District: Georgetown ISD
- High School District: Georgetown ISD
- Elementary School: Jo Ann Ford
- Middle School: Douglas Benold
- High School: Georgetown
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric, Fireplace(s)
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Electricity Available, Phone Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick Veneer, Masonry
- Roof: Composition
- Windows: Blinds, Window Treatments
- Stories/Levels: 1
- Square Feet: 2,416
- Sq. Ft. Source: Public Records
- Living Area: 2,416 Sq. Ft.
- Year Built: 1994
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: Garage(s)
Lot Features
- Lot Size (Acres): 1
- Lot Size (Sq. Ft.): 43,560
- Fence: Yes
- Lot Features: Level, Trees Large Size
- Fencing (Description): Fenced, Privacy, Wood, Wire
Horse Property
- Horse Property: Yes
- Horse Facility Desc.: See Remarks
Financial Considerations
- Assessment Amount: $524,045
- Tax Amount: $9,532.9
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Survey
- Legal Description: S3654 - GABRIEL ESTATES, BLOCK A, LOT 6, ACRES 1
- Disclosures/Reports: Other, Seller Disclosure
- Property ID: 20447500000005
- Block: A
- Lot Number: 6
Listed by All City Real Estate Ltd. Co
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Schools
Schools serving 138 Penny Ln
School District:Georgetown Independent School District
| Name | Grades | Distance |
|---|---|---|
Jo Ann Ford Elementary School 210 Woodlake Drive, Georgetown, TX 78633 | K-5 | 0.4 mi |
Douglas Benold Middle School 3407 Northwest Boulevard, Georgetown, TX 78628 | 6-8 | 2.6 mi |
Georgetown High School 2211 North Austin Avenue, Georgetown, TX 78626 | 9-12 | 4.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 138 Penny Ln
Date
Details
Price
Change
Source
1/02/2026
Price Reduced
$550,000
-4.35%
MLS
11/12/2025
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 138 Penny Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,667
13%
$524,045
—
2023
$7,690
-6%
$525,888
28%
2022
$8,200
1%
$409,680
—
2021
$8,109
-11%
$409,680
-2%
2020
$9,142
-2%
$418,639
10%
2020
$9,284
6%
$380,581
—
2018
$8,727
9%
$381,426
9%
2017
$8,029
5%
$349,759
6%
2016
$7,634
10%
$330,537
10%
2015
$6,952
21%
$300,488
10%
2013
$5,769
—
$273,171
10%
2013
$5,769
—
$247,947
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 138 Penny Ln
138 Penny Lane, Georgetown, TX 78633 (MLS# 3527541) is a Single Family property with 3 bedrooms and 2 full bathrooms. 138 Penny Lane is currently listed for $550,000 and was received on November 12, 2025. Want to learn more about 138 Penny Lane? Do you have questions about finding other Single Family real estate for sale in Georgetown? You can browse all Georgetown real estate or contact a Coldwell Banker agent to request more information.

