Active Listing  ·  112 days on market

1321 Cypress Paul St

Georgetown, TX 78628
$599,900
4 Bed 4 Bath 2,561 sqft $234/sqft Built 2026 0.14 acres 2-Car Garage Pool Parkside Peninsula
1321 Cypress Paul St, photo 1
1321 Cypress Paul St, photo 2
1321 Cypress Paul St, photo 3
1321 Cypress Paul St, photo 4
1321 Cypress Paul St, photo 5
1321 Cypress Paul St, photo 6

About This Home

Home office with French doors set at two-story entry. Two-story family room with wall of windows and sliding glass door opens to kitchen and dining area. Kitchen hosts 5-burner gas cooktop and inviting island with built-in seating space. First-floor primary suite includes dual vanities, freestanding tub, separate glass-enclosed shower and large walk-in closet in primary bath. A second bedroom is downstairs. Two secondary bedrooms and a game room are upstairs. Extended covered backyard patio. Two-car garage.

At $234/sqft, this home is priced 3% above the Georgetown active market average of $228/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1321 Cypress Paul St, Georgetown, TX 78628

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $599,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,561 sqft
Lot Size 0.14 acres (6,002.57 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside Peninsula
County Williamson
Zip Code 78628
$/sqft $234/sqft
Days on Market ,
HOA $70/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240961152
List Date July 23, 2026
Elementary School Tarvin
Middle School Stiles
High School Rouse
School District Leander ISD

School District

Leander ISD

Tarvin · Stiles · Rouse

Have Questions About This Property?

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 23, 2026 $749,900
Previous ask $652,900
Current ask $599,900
▼ Reduced $150,000 (-20.0%) 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
4012 Fulton Dr
Edgewood $599,990 $178 5 bd / 4 ba 3,365 sqft , 2026-07-01
4016 Fulton Dr
Edgewood $599,990 $186 4 bd / 4 ba 3,221 sqft , 2026-07-01
202 Blue Jasmine Trl
Parkside on the River $599,990 $192 5 bd / 5 ba 3,123 sqft , 2026-10-20
1352 Cypress Paul St
Parkside Peninsula $589,990 $249 4 bd / 3 ba 2,374 sqft , 2026-04-18
4009 Waxahachie Rd
Edgewood $589,990 $175 5 bd / 4 ba 3,365 sqft , 2026-07-01

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
$2,880/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
$119,980
20% conventional investment loan

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

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (assumed ~2.1%)−$1,050
Insurance (assumed ~0.5%)−$250
Est. Monthly Cash Flow $-1,694

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

Loading…
View All Luxury Homes →

Explore Austin Real Estate

Austin Luxury Homes Sell a Luxury Home Homes with Pool Sell Home Over $2M Investment Properties Rental Properties 1031 Exchange Austin BRRRR Method Austin Austin Market Report Contact Luke Allen
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 November 4, 2026.

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

Save this home

Create a free account to save favorites and get new-listing alerts.

Already have an account? Log in instead