Active Listing  ·  142 days on market

1348 Cypress Paul St

Georgetown, TX 78628
$599,900
4 Bed 3 Bath 2,663 sqft $225/sqft Built 2026 0.19 acres 3-Car Garage Pool Parkside Peninsula

Welcoming porch extends to entry with home office at entry. Open family room with 12-foot ceiling and sliding glass doors. Dining area offers generous natural lighting with wall of windows. Island kitchen with built-in seating space, a 5-burner gas cooktop, and a corner walk-in pantry. Private primary suite features bedroom, double door entry to primary bathroom, dual vanities, freestanding tub, separate glass enclosed shower and two walk-in closets. Secondary bedrooms with walk-in closets, a utility room and a Hollywood bathroom completes this spacious design. Extended covered backyard patio. Mud room just off the three-car garage.

At $225/sqft, this home is priced in line with the Georgetown market average of $226/sqft across 1,330 active listings. View Austin market report →

Location

1348 Cypress Paul St, Georgetown, TX 78628

Property Details

Price $599,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,663 sqft
Lot Size 0.19 acres (8,123.94 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside Peninsula
County Williamson
Zip Code 78628
$/sqft $225/sqft
Days on Market ,
HOA $70/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224137213
List Date March 27, 2026
Elementary School Tarvin
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.

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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 · March 27, 2026 $749,900
Previous ask $624,900
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
4009 Waxahachie Rd
Edgewood
$599,990 $178 5 bd / 4 ba 3,365 sqft , 2026-07-01
1317 Sweet Violet Dr
Wildspring - Arbor Collection
$599,000 $268 3 bd / 3 ba 2,238 sqft , 2026-01-09
4020 Fulton Dr
Edgewood
$612,990 $217 4 bd / 3 ba 2,821 sqft , 2026-07-27
201 Blue Jasmine Trl
Parkside/River Ph 3 Sec 4 & 7A
$584,900 $206 4 bd / 3 ba 2,843 sqft , 2026-03-28
821 Purmela St
Edgewood
$619,990 $223 4 bd / 4 ba 2,785 sqft , 2026-07-27

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 (20% down · 7.25% rate)

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (~2.1% TX avg)−$1,050
Insurance (~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

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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 16, 2026.

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