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320 Bright Star LN
About This Property
Georgetown's 78628 area is one of Central Texas's fastest-growing and most sought-after zip codes-valued for its upscale neighborhoods, excellent schools, and unbeatable Hill Country setting. Families, professionals, and retirees alike are drawn to its high quality of life, strong job market, and proximity to Austin's tech corridor. With convenient access to Hwy 29, Ronald Reagan Blvd, 183A, and I-35, residents enjoy quick commutes, shopping at Costco and Target, and a variety of dining and recreation options.
Morningstar, a premier master-planned community, offers resort-style amenities including three pools, sports courts, soccer fields, ziplines, a stocked fishing pond, parks, pavilions, and miles of scenic nature trails with fitness stations. Zoned to highly rated Santa Rita schools-and without higher Santa Rita HOA fees-Morningstar provides exceptional value and lifestyle appeal.
Set on one of the largest lots ever sold in Morningstar-a rare quarter-acre greenbelt view parcel-this single-story 5-bed, 3-bath M/I Homes residence combines award-winning craftsmanship with functional luxury. The layout features a private guest suite, a dedicated teen retreat with two bedrooms and bonus room, a secluded primary suite with serene views, and a fifth bedroom perfect for a home office. The open-concept kitchen, dining, and living areas create an inviting space for both entertaining and everyday living.
Outside, dual oversized decks take full advantage of the stunning greenbelt backdrop, offering a private retreat in your own backyard. Additional highlights include an extended driveway, spacious 2.5-car garage, and generous guest parking.
For buyers seeking luxury living in one of Georgetown's most desirable communities, this property delivers unmatched location, amenities, and lifestyle. 100% financing available with no mortgage insurance for qualified buyers.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| Jul 29, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jul 29, 2025 | Listed by AATX Residential | $450,000 | |
| Listed by AATX Residential | |||
| Jun 27, 2025 | Price Decreased |
$455,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Jun 5, 2025 | Listed by RxR Realty | $465,000 | |
| Listed by RxR Realty | |||
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Hill country view { Multi-Generational Living | Over-sized Lot | Zoned to Highly Rated Santa Rita Schools
This rare VIEW LOT situated on an expansive 0.26-acre parcel is one of the largest lots ever sold in MorningStar. This stunning 5-beds, 3-baths single-story home was masterfully crafted by M/I Homes—recently named Builder of the Year for the 5 consecutive year at the 45th Annual McSAM Awards. Quality, design, and craftsmanship truly shine in this exceptional property.
This thoughtfully designed floor plan features a private guest suite at the front of the home and a dedicated teen retreat complete with two bedrooms, a full bathroom, and a bonus room. The secluded primary suite is tucked away at the rear, offering serene views of the lush greenbelt and ultimate privacy. The fifth bedroom is currently used as a home office, perfect for today’s remote work needs.
The open-concept kitchen, dining, and living areas flow seamlessly, ideal for entertaining or relaxing with family. Step outside to enjoy the custom-built dual oversized back decks, where you can unwind while taking in the peaceful surroundings.
Additional highlights include an extended driveway, a spacious 2.5-car garage, and ample parking for guests. Located in the highly desirable Morningstar master-planned community, residents enjoy 3 resort-style pools, a basketball court, 2 soccer fields, zipline, rope climber, several parks/playgrounds, & pavilions. The Big Dipper Fishing Pond is fully stocked year-round, while the scenic nature trails, complete with fitness stations, showcase breathtaking Texas views.
Conveniently located near Hwy 29 and Ronald Reagan Blvd with easy access to 183A and 35, you’re just minutes from shopping (like the new Costco and Target), dining, and Austin’s thriving tech corridor. Enjoy the benefits of being zoned to acclaimed Santa Rita schools—without the added cost of Santa Rita HOA fees.
100% financing option available w/o Mortgage Ins for qualified buyers
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017