Water Oak Georgetown Neighborhood Guide

Water Oak is a west Georgetown neighborhood of about 435 homes built from 2013 to 2024, between SH 29 and the South San Gabriel River. It has Georgetown addresses but sits outside city limits, in Georgetown ISD and Williamson County MUD No. 25. County records list it as Water Oak North and the HOA is Water Oak at San Gabriel, so you will see all three names on documents for the same neighborhood.

Homes~435 residential parcels

ZIP code78628

CityGeorgetown ETJ (outside city limits)

School districtGeorgetown ISD

Utility districtWilliamson County MUD No. 25

Built2013 to 2024

Homes we've helped buy and sell in and around Water Oak

Jorgenson Real Estate has helped clients buy and sell more than 40 homes in and around Water Oak. The dashed line marks Water Oak, every pin is a home our brokerage closed within about two miles, and the map updates on its own as new sales close.

What to know about Water Oak

One neighborhood, three names. Water Oak sits along the San Gabriel River. The HOA is Water Oak at San Gabriel, and county records file Sections 1, 2 & 3, 4 and 6 under the plat name Water Oak North.
Outside city limits. City of Georgetown maps place Water Oak in the city's extraterritorial jurisdiction, so there is no city property tax. The city still provides water and wastewater service, and Williamson County MUD No. 25 (the city calls it the Water Oak MUD) is on every tax bill.
Georgetown ISD. For 2026–27 the district's school finder places Water Oak at San Gabriel Elementary, Tippit Middle and East View High. The elementary assignment has changed more than once in recent years, so confirm any address with the Georgetown ISD school finder.
Newer homes. County records show Section 1 homes from 2013 and the last Section 6 homes finished around 2024, most between about 2,100 and 3,200 square feet. Builders have included Chesmar, Grand Haven, Meritage, Scott Felder and Sitterle.
Parkside on the River is next door. Parkside Pkwy runs south from Water Oak into Parkside on the River, which grew out of the same larger Water Oak development but is a separate community with its own HOA. Check which one a property belongs to.

Taxes

Every 2025 taxing unit on Water Oak homes adds up to about $2.48 per $100 before exemptions: Williamson County ($0.3694), county road ($0.0443), Georgetown ISD ($1.0506), ESD 8 ($0.0912) and Williamson County MUD No. 25 ($0.9200). There is no city property tax. Check any address on wcad.org.

Amenities

Pool and amenity center. The HOA pool is at 1001 Highwater Dr, and county records show a platted amenity center site of about 5.7 acres. The pool is open April 1 to November 1.
Daniel's Park, a shaded pocket park at the end of Fair Oaks Dr with a playscape, a kids' zip line, swings and a Little Free Library bench.
Greenbelts and trails through the community's open space, with the river along the back of the community.

The Water Oak at San Gabriel HOA is managed by Goodwin & Company, and assessments are billed quarterly. Ask for the resale certificate early to see dues and any transfer fees for a specific home.

Getting around

SH 29 runs along the north edge. Approximate drives from the amenity center: Wolf Ranch Town Center about 4 miles, the Georgetown Square, Blue Hole Park and St. David's Georgetown Hospital about 5 miles, Tippit Middle about 5 miles, Southwestern University about 6 miles, Lake Georgetown (Cedar Breaks Park) about 6.5 miles, San Gabriel Elementary about 8.5 miles and East View High about 9 miles.

Buying or selling in Water Oak

Water Oak buyers get a newer neighborhood with open space and the river close by, on the west side of Georgetown near SH 29. The trade-offs are the MUD tax and the drive to zoned schools, so we spell both out up front. Sellers: we price from recent Water Oak sales of similar size, section and lot, and newer nearby communities are part of the comparison. Start with a free market analysis.

More on MUDs, homestead exemptions and Texas contracts in our Central Texas real estate FAQ.

Water Oak FAQ

Is Water Oak inside Georgetown city limits?

No. It has Georgetown (78628) addresses but sits in Georgetown's extraterritorial jurisdiction, so there is no city property tax. The City of Georgetown still provides water and wastewater service.

Are Water Oak, Water Oak North and Water Oak at San Gabriel the same place?

Yes. Water Oak is the community name, Water Oak at San Gabriel is the HOA, and Water Oak North is the plat name county records use for its sections. Parkside on the River, just south, is a separate community.

What schools serve Water Oak?

Georgetown ISD. For 2026-27 the district's school finder places Water Oak at San Gabriel Elementary, Tippit Middle and East View High. Confirm any address with the district.

Is Water Oak in a MUD?

Yes, Williamson County MUD No. 25, which the city calls the Water Oak MUD. Its 2025 rate is $0.92 per $100.

What are property taxes in Water Oak?

About $2.48 per $100 for 2025, before exemptions.

Has Jorgenson Real Estate sold homes near Water Oak?

Yes, more than 40 within about two miles, including homes in Water Oak itself. The map on this page shows every one and updates as new sales close.

Nearby neighborhoods

Comparing Water Oak with its neighbors? These nearby guides cover schools, taxes, MUDs and our local sales the same way. Or start with our Georgetown guide or the full list of communities we know.