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Historic Texas Cattle Town is Now a Growing Retirement Destination
Cost of Living: Below the National Average
| Retirees seeking a lower cost-of-living
and a tolerable climate may want to consider Georgetown,
Texas, an up-and-coming retirement destination located
in the central part of the state (just off of I-35 and
about 20 miles north of Austin). Once a
staging area for cattle drives along the Chisholm Trail,
this quaint town (population 30,000) has a strong sense
of pioneer history and works to maintain its historical
integrity. In 1997, Georgetown won a Great
American Street Award for its thriving old town district
where nearly two hundred 18th century buildings have
been restored and renovated. |
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The primary reason that this fast growing destination is popular
with retirees is because it is home to Sun City
Texas,
a Del Webb retirement community for those 55 years and
older. Here residents enjoy a 16,000 square foot
recreation center with pools and a fitness center, an 18
hole championship golf course, a marina, a computer lab and
a lot more. Single family homes are for sale, as
are custom homes. Current existing homes on the market
range in price from $135,800 for a 1,300 square foot home
with two bedrooms, two baths and a two car garage to
$385,250 for a 2,700 square foot home with three bedrooms
and two baths. Custom homes (you supervise the
building) range from $125,900 for 1,400 square feet, two
bedrooms and two baths to $260,900 for three bedrooms, two
baths and 2,700 square feet. . |
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Another option is Berry Creek, a master-planned
golf and tennis community featuring expensive single family homes
ranging in price from $350,000 to $420,000 for 2,920 to 4,080
square feet. Georgetown Village is a more affordable
new community that attracts all ages and is designed to resemble
an old-fashioned village, with parks, quiet streets, a town center
and lovely homes with front porches. Prices for a three
bedroom home with two baths start at $125,000 and go up to
$146,000 for four bedrooms and 2.5 baths.
Georgetown also has several very reasonably-priced
manufactured home communities, although none are specifically
geared toward seniors. Homes begin at around $13,000 for a one bedroom, one bath home and go as high as $55,000 for
two bedrooms and two baths. Communities include Pecan
Branch, Meadow Rest and Vista Ridge.
Property is taxed at $2.40 per $100 market value, and
homes are assessed at 100%. There is a $18,000 homestead
exemption, plus another $10,000 for residents over age 65.
Taxes on a $150,000 home for someone 65 or older are $2,928 per
year.
Georgetown,
Texas Continued...
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