1310 E University Ave, Georgetown, TX 78626

Welcome to The Old Town Compound — a rare collection of four structures set on over half an acre in the heart of Georgetown's historic Old Town, directly across from Southwestern University. Built in 1926, the main residence offers timeless character — hardwood floors, crown molding, French doors, and a chef's kitchen — while three additional structures, including a detached pool house and a two-story flex building, each offer private entrances and their own kitchen or kitchenette, all surrounding a resort-style courtyard pool with waterfall, spa, and grotto. Whether you're picturing multi-generational living, space for visiting guests, rental income, or a return to the property's history hosting guests, this 8-bedroom, 8-bath, 4,982-square-foot estate offers possibilities you won't find anywhere else in Old Town. Walk to the historic Square for dining, shopping, and community events — all from one of Georgetown's most distinctive addresses.

The moment you turn onto East University Avenue in Georgetown, you're looking at a 1926 classic that stops traffic - a storybook home with period siding, deep eaves, and the kind of authentic character that new construction simply cannot replicate. This is a compound property unlike anything else currently available in Georgetown: 8 bedrooms, 5 full baths, and 1 half bath spread across 4,790 square feet on 0.548 acres, centered around a stunning courtyard with a private pool that feels more resort than residential.

The main residence anchors the property with original crown molding, hardwood floors worn smooth by nearly a century of living, and built-in bookcases that line the walls like an invitation to slow down. Multiple living areas and a formal dining room maintain that vintage separation you get from 1926 construction, while vaulted ceilings and an open kitchen island speak to thoughtful renovations that respect the bones without erasing the history. The study with wired data infrastructure works as a home office, and walk-in closets throughout suggest this home was designed for people who actually lived here long-term, not flipped quickly.

Beyond the main house sits the real opportunity: a fully functional garage apartment, a detached pool house with 2 bedrooms and 2 bathrooms, and an additional guest structure with kitchenette and full bath. Three separate driveway entrances mean these spaces operate independently. That flexibility - whether for extended family, multigenerational living, guest quarters, or investment income through short-term rentals - is almost impossible to find in Georgetown's market. The city permits short-term rental use, and this property was previously operated as a bed and breakfast.

Location here is hyperlocal Georgetown: directly across from Southwestern University's campus, a five-minute walk to the Georgetown Square, and surrounded by restaurants, coffee shops, and downtown entertainment. Annie Purl Elementary, Charles A Forbes Middle School, and East View High School serve this area through Georgetown ISD. The covered and enclosed patios, mature gardens, and courtyard design create multiple outdoor living zones - each with its own purpose.

At $1.90 million, that's $396 per square foot for a property that functions as three separate income-producing units or one exceptional family compound. Georgetown homes with this kind of documented history and operational flexibility rarely surface. The character is genuine, the infrastructure is proven, and the possibilities are genuinely open.