Active Listing  ·  138 days on market

1304 Cypress Paul St

Georgetown, TX 78628
$621,990
5 Bed 4 Bath 2,979 sqft $209/sqft Built 2026 0.22 acres 2-Car Garage Pool New Construction Parkside Peninsula

MOVE IN READY! Beautiful new Highland Home in Parkside Peninsula. The Botero floorplan is a gorgeous home featuring 5 bedrooms, (2 downstairs), study and a game room. 2 story ceilings in the family and dining with so much natural light invite you when you step into this home. This home offers so much privacy! It backs to a greenbelt and also a green space on one side. Lots of native trees on this oversized homesite. The covered patio has been extended maximizing outdoor living. Many custom options have been added to this home, 8' interior doors, custom vent hood and oversized cook top in the kitchen, custom tiles in the bathroom and fireplace with built-in cabinets in the family room. This is not your typical home. Wood flooring is in the main areas of the home, including the primary suite, closet and study. Located in the highly desirable Leander ISD and conveniently located in this boutique community. Enjoy peace of mind knowing this home is built by award-winning Highland Homes, you have the confidence that this is a quiet luxury, quality home. Call today for your private showing.

At $209/sqft, this home is 8% below the Georgetown active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1304 Cypress Paul St, Georgetown, TX 78628

Property Details

Price $621,990
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 2,979 sqft
Lot Size 0.22 acres (9,626.76 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside Peninsula
County Williamson
Zip Code 78628
$/sqft $209/sqft
Days on Market ,
HOA $280/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT237897992
List Date June 27, 2026
Elementary School Tarvin
Middle School Stiles
High School Rouse
School District Leander ISD

Leander ISD

Tarvin · Stiles · Rouse

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.

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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 · June 27, 2026 $751,739
Previous ask $649,990
Current ask $621,990
▼ Reduced $129,749 (-17.3%) 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
4045 Fulton Dr
Edgewood
$619,990 $192 5 bd / 4 ba 3,221 sqft , 2026-09-09
713 Coppell Ct
Edgewood
$619,900 $188 4 bd / 4 ba 3,303 sqft , 2026-08-24
1041 Sunset Hill Way
Parkside on the River West
$624,900 $209 4 bd / 4 ba 2,995 sqft , 2026-02-26
1469 Cypress Paul St
Parkside Peninsula
$624,900 $223 4 bd / 4 ba 2,796 sqft , 2026-07-17
1475 Cypress Paul St
Parkside Peninsula
$624,990 $227 4 bd / 5 ba 2,749 sqft , 2026-06-29

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
$2,986/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
$124,398
20% conventional investment loan

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

Estimated Gross Rent+$2,986
Principal + Interest−$3,394
Property Tax (assumed ~2.1%)−$1,088
Insurance (assumed ~0.5%)−$259
Est. Monthly Cash Flow $-1,755

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

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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 · 41 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. The written content was last updated on October 30, 2026.

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

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