Zoning approved for 300 luxury homes near Lake Georgetown

Jun 27, 2014
Austin Business Journal

The Georgetown City Council has approved zoning for just under 300 new luxury homes near Lake Georgetown Tuesday night, reports the Austin American-Statesman

The planned subdivision, also called Lake Georgetown, would consist of homes valued between $350,000 and $600,000, according to the paper

Although the statistics are taken with grains of salt by some Realtors, website Zillow said this week that the median home value in Georgetown is about $225,000— up 5 percent from a year ago

Georgetown's population growth is No. 7 in the U.S. by percentage growth, according to the most recent Census figures

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