Active Listing  ·  38 days on market

120 Shady Spring Trl

Georgetown, TX 78628
$725,000
4 Bed 4 Bath 2,845 sqft $255/sqft Built 2022 0.17 acres 3-Car Garage Pool Parkside on the River

*Seller will contribute towards buyer's closing cost or rate buydown.

120 Shady Spring Trail is proof that not every home in a new construction community is created equal. Located in Parkside on the River, this one of a kind single story home showcases a striking Spanish inspired brick exterior, premium designer selections, and extensive upgrades that set it apart. While the builder is still constructing homes on 60ft lots in the community, recreating this home's distinctive exterior design and upgrades today would near $1 million.

Grand iron double front doors welcome you into a thoughtfully designed floor plan featuring soaring 14 foot ceilings, hardwood flooring throughout the main living areas, designer tile, plush carpet in the secondary bedrooms, and a beautiful fireplace anchoring the open living space.

The chef's kitchen was designed for everyday living and entertaining with double Wi-Fi-enabled ovens, pot drawers, a built in wine rack, abundant cabinetry, and a walk in pantry.

The extended primary suite offers a private retreat overlooking the greenbelt. The spa like bath features a freestanding soaking tub, oversized walk in shower, dual vanities, a dedicated makeup vanity, and a generous walk in closet. Secondary bedrooms offer spacious closets, while the laundry room includes built in cabinetry, a utility sink, and access to the 3 car garage.

Step outside to the extended covered patio and enjoy peaceful greenbelt views with no rear neighbors. Positioned on a quiet cul-de-sac just a 2 minute walk from the community pool, pickleball courts, playgrounds, and park.

Located in Leander ISD and minutes from Wolf Ranch, 1890 Ranch, Costco, H-E-B, Bar W Marketplace, Garey Park, historic Downtown Georgetown, and Lake Georgetown, with even more shopping and dining on the way. This home offers a level of design, craftsmanship, and luxury that's becoming increasingly difficult to find at this price point.

At $255/sqft, this home is priced 13% above the Georgetown active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

120 Shady Spring Trl, Georgetown, TX 78628

Property Details

Price $725,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,845 sqft
Lot Size 0.17 acres (7,492.32 sqft)
Year Built 2022
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside on the River
County Williamson
Zip Code 78628
$/sqft $255/sqft
Days on Market ,
HOA $840/Annually
Annual Tax Est. $16,585.04
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239158162
List Date July 10, 2026
Elementary School Parkside
Middle School Stiles
High School Rouse
School District ,

Luke Allen (TREC #788149) has deep knowledge of Georgetown and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 10, 2026 $775,000
Current ask $725,000
Reduced $50,000 (-6.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Georgetown

Comparable Listings Right Now

Homes currently for sale in Georgetown with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
104 Angels Joy Cv
Parkside on the River - West
$724,900 $283 4 bd / 4 ba 2,561 sqft , 2026-07-01
1421 Cypress Paul St
Parkside Peninsula
$715,358 $243 5 bd / 5 ba 2,946 sqft , 2026-05-22
1420 Purple Petunia Ln
Parkside On The River
$736,072 $249 4 bd / 3 ba 2,951 sqft , 2026-05-28
1329 White Daisy Ln
AUS - Parkside on the River
$739,900 $229 4 bd / 4 ba 3,227 sqft , 2026-05-11
324 Autumn Oak Way
Parkside on the River
$745,000 $228 4 bd / 4 ba 3,267 sqft , 2026-04-23

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,480/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$145,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$3,480
Principal + Interest−$3,957
Property Tax (~2.1% TX avg)−$1,269
Insurance (~0.5%)−$302
Est. Monthly Cash Flow $-2,048

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Georgetown, TX

Georgetown sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Dell Technologies HQ 20 min S
Apple Campus (Domain) 30 min S
Williamson County jobs hub 5-10 min

More Luxury Homes in Georgetown

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 13, 2026.

📞 (254) 718-2567 [email protected] More about Luke →