●MadridHomes for Sale

Market Overview for Madrid

There are 6 active listings in Madrid with a median list price of $463K and a median sold price of $477K.

Homes average 27 days on market.

Over the past 30 days, 0 homes have sold, with 14 sales in the past 12 months.

The average price per square foot is $173.

About Madrid

Madrid is a master-planned residential subdivision located in Georgetown, Texas, within Williamson County and the 78628 zip code. The community sits along the DB Wood Road corridor west of I-35 and south of Inner Loop, approximately 3 miles southwest of the Georgetown town square. Madrid is part of the broader growth area between Georgetown and Round Rock, with Shell Road forming part of its western boundary. The subdivision was developed in the early 2010s and contains approximately 300 single-family homes arranged along curvilinear streets with cul-de-sacs and a central green space.

Homes in Madrid typically range from $300,000 to $450,000, with most residences featuring three to five bedrooms and 1,600 to 3,000 square feet of living space. Architectural styles lean toward traditional Texas Hill Country designs with stone and stucco facades, covered front porches, and two-car garages. Lot sizes average between 5,000 and 8,000 square feet. The community includes a homeowners association that maintains common landscaping, the neighborhood park, and enforces deed restrictions. Monthly HOA dues cover maintenance of shared amenities and common areas within the subdivision.

Madrid is served by Georgetown Independent School District. Students in the subdivision typically attend Carver Elementary School, Tippit Middle School, and Georgetown High School. Carver Elementary serves grades pre-K through 5 and enrolls approximately 711 students. Tippit Middle School covers grades 6 through 8 with around 900 students enrolled. Georgetown High School serves grades 9 through 12 with roughly 2,059 students and offers Advanced Placement courses, dual-credit programs through Temple College, and career and technical education pathways in fields including health sciences, welding, and agricultural sciences.

Commuters from Madrid reach downtown Austin in approximately 35 to 45 minutes via I-35, depending on traffic. The Georgetown employment corridor along I-35 and Williams Drive includes healthcare facilities, retail centers, and distribution operations within a 10-minute drive. Capital Metro does not currently serve Georgetown directly, though the city operates the GoGeo transit system with fixed routes and demand-response service. Grocery options include H-E-B on Williams Drive and Walmart Supercenter on I-35, both within a five-minute drive.

Living in Madrid

Madrid features single-story and two-story homes on compact lots with maintained front yards and shared sidewalks connecting to the neighborhood park and playground areas. Streets are relatively new, with concrete curbing, storm drainage infrastructure, and underground utilities installed during the initial buildout. The HOA maintains common landscaping along entry medians and the central green space. Property tax rates fall under Williamson County and Georgetown ISD jurisdictions, with combined rates near $2.10 per $100 of assessed valuation. Most homes include covered patios, fenced backyards, and open floor plans with granite or quartz countertops standard across the original builder options.

Daily life in Madrid centers on the commercial corridors along Williams Drive and I-35 to the north and east. H-E-B grocery, Chick-fil-A, Whataburger, and several local Tex-Mex restaurants sit within five minutes by car. San Gabriel Park, a 178-acre park along the San Gabriel River approximately 3 miles northeast, offers hiking trails, sports fields, a playground, and access to the Blue Hole swimming area. The Georgetown town square, roughly 3 miles north, hosts restaurants, shops, and events including Market Days on the second Saturday of each month. Berry Springs Park and Preserve, an 80-acre Williamson County park about 4 miles south, features fishing ponds, nature trails, and a disc golf course.

Things to Do in Madrid

• San Gabriel Park: 178-acre park along the San Gabriel River with hiking and biking trails, sports fields, a playground, and access to the Blue Hole swimming area. Located approximately 3 miles northeast of Madrid.
• Georgetown Town Square: Historic downtown square featuring locally owned restaurants, antique shops, and monthly Market Days events held on the second Saturday. Recognized as one of the top historic town squares in the state.
• Berry Springs Park and Preserve: 80-acre Williamson County park about 4 miles south of Madrid with fishing ponds, a disc golf course, nature trails, and covered picnic pavilions.
• Inner Space Cavern: Show cave located near the I-35 corridor in Georgetown offering guided tours through formations estimated at 10,000 years old. Open year-round with multiple tour options, including adventure tours.
• Lake Georgetown: U.S. Army Corps of Engineers reservoir approximately 6 miles west of Madrid with 26 miles of shoreline, boat ramps, camping areas, and the Good Water Trail loop for hiking.

Major Employers in Madrid

• St. David's Georgetown Hospital (Healthcare): Full-service hospital on Scenic Drive with emergency, surgical, and specialty care services, approximately 5 minutes northeast of Madrid.
• Georgetown ISD (Education): Public school district operating 22 campuses across the Georgetown area with 13,988 students (2025-26) enrolled.
• Southwestern University (Higher Education): Private liberal arts university employing approximately 500 faculty and staff on its Georgetown campus, about 4 miles north.
• City of Georgetown (Government): Municipal government providing services to a population the Census Bureau estimated at 101,344 as of July 1, 2024 with offices concentrated around the town square and municipal complex.

Madrid Schools

Madrid is served by Georgetown ISD. Students typically attend Raye McCoy Elementary for elementary school, Charles A Forbes Middle School or Douglas Benold Middle School for middle school, and Georgetown High School for high school.

School District: Georgetown ISD

Public Schools

Pre-Schools

• Creative World School Georgetown - Early education center on Williams Drive offering programs for infants through pre-K with inquiry-based curriculum.
• Primrose School of Georgetown - Accredited preschool near I-35 serving ages 6 weeks through pre-K with structured learning programs.

Private Schools

• Sacred Heart Catholic School - Catholic school in Georgetown serving pre-K through 8 with a focus on faith-based academics.
• Georgetown Classical Academy - Private classical school in Georgetown offering a liberal arts curriculum for elementary and middle school students.

Higher Education

• Southwestern University - Private liberal arts university in Georgetown founded in 1840, enrolling approximately 1,500 students.

Frequently Asked Questions