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$399,000
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Property Description
Seize this exceptional opportunity to own a fully leased, professionally managed duplex in one of Georgetown's most desirable areas. Each unit boasts a spacious 2-bedroom, 2-bathroom open-concept design with high ceilings, cozy fireplaces, indoor laundry hookups, and attached single-car garages. There is also a large driveway for additional parking and both units also have their own fenced back yard. Recent improvements to unit A include, fresh full interior painting for a clean, updated look, recently replaced dishwasher and water heater for long-term durability and a recently upgraded central HVAC system. A significant capital improvement designed to boost property value and reduce future maintenance costs. Just minutes from I-35, Lake Georgetown, the Historic Downtown Square, and a host of shopping and dining options. This turnkey duplex offers the potential for immediate cash flow and long-term appreciation.
Full Property Details
Full Property Details for 517 Luther Dr
General
- Price: $399,000
- Taxes: $6,615 (2025)
- Status: Active
- Type: Duplex
- Source: Austin_MLS
- MLS ID: 4234302
- Updated: 12/31/2025
- Added to Site: 194 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), Entrance Foyer, High Ceilings, Laminate Counters, Main Level Primary, No Interior Steps, Open Floorplan, Pantry
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Family Room
- Appliances: Dishwasher, Electric Water Heater, Free-Standing Electric Range, Disposal
- Flooring: Carpet, Linoleum, Tile
Rooms
Other Rooms
- Laundry: Inside, Laundry Closet, In Kitchen, Main Level, Washer Hookup, Electric Dryer Hookup
Additional Information
- Shared Amenities: Street Lights, Curbs
- Security/Safety: None
Exterior
- Exterior Features: None
- Porch/Patio/Deck: Covered, Front Porch
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 6
- Parking Features: Attached, Door-Single, Driveway, Garage
Location
- Area: GTW
- County: Williamson
- Subdivision: Sierra Vista Sec 01
- Driving Directions: From I-35N, Take exit 260 to merge onto I 35 N Frontage Rd. Use the left lane to turn left onto Leander Rd. Turn left onto Luther Dr. Duplex will be on the right.
- Direction Faces: Southeast
School Information
- Elem School District: Georgetown ISD
- Midd School District: Georgetown ISD
- High School District: Georgetown ISD
- Elementary School: Wolf Ranch Elementary
- Middle School: James Tippit
- High School: East View
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Above Ground Utilities, Electricity Available, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Masonry, Stone Veneer, Wood Siding
- Roof: Composition, Shingle
- Windows: Blinds
- Stories/Levels: 1
- Square Feet: 1,968
- Sq. Ft. Source: Public Records
- Living Area: 1,968 Sq. Ft.
- Year Built: 1985
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.1782
- Lot Size (Sq. Ft.): 7,762.39
- Street Lights: Yes
- Fence: Yes
- Lot Features: Front Yard, Level, Moderate Trees, Trees Medium Size
- Fencing (Description): Back Yard, Partial, Privacy, Wood
Financial Considerations
- Assessment Amount: $334,985
- Tax Amount: $6,615.92
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
- Owner Pays: HVAC Maintenance, Insurance, Roof Maintenance
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: SIERRA VISTA SEC 1, BLOCK D, LOT 17
- Disclosures/Reports: None
- Property ID: 20991600010045
- Block: D
- Lot Number: 17
Listed by Century 21 Stribling Properties
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Schools
Schools serving 517 Luther Dr
School District:Georgetown Independent School District
| Name | Grades | Distance |
|---|---|---|
Wolf Ranch Elementary School 1201 Jay Wolf Drive, Georgetown, TX 78628 | K-5 | 1.4 mi |
James Tippit Middle School 1601 Leander Road, Georgetown, TX 78628 | 6-8 | 0.5 mi |
East View High School 4490 East University Avenue, Georgetown, TX 78626 | 9-12 | 4.8 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 517 Luther Dr
Date
Details
Price
Change
Source
7/06/2025
Listed
$399,000
—
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 517 Luther Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,094
-9%
$363,692
-2%
2023
$6,703
3%
$372,795
32%
2022
$6,506
11%
$281,617
—
2021
$5,837
-3%
$281,617
2%
2020
$6,041
-2%
$276,634
17%
2020
$6,135
16%
$236,347
2%
2018
$5,307
10%
$231,960
10%
2017
$4,822
-1%
$210,051
6%
2017
$4,851
36%
$198,219
28%
2015
$3,569
3%
$154,262
3%
2014
$3,465
7%
$149,431
8%
2013
$3,232
—
$138,921
—
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 517 Luther Dr
517 Luther Drive, Georgetown, TX 78628 (MLS# 4234302) is a Duplex property with 0 bedrooms and 0 full bathrooms. 517 Luther Drive is currently listed for $399,000 and was received on July 06, 2025. Want to learn more about 517 Luther Drive? Do you have questions about finding other Duplex real estate for sale in Georgetown? You can browse all Georgetown real estate or contact a Coldwell Banker agent to request more information.

