Active Listing  ·  120 days on market

1352 Cypress Paul St

Georgetown, TX 78628
$624,990
4 Bed 3 Bath 2,374 sqft $263/sqft Built 2026 0.17 acres 2-Car Garage Pool New Construction Parkside Peninsula

Beautiful Brand New Highland Home in Parkside Peninsula. Located in the highly acclaimed Leander ISD, this one story home is a must see. The "Moretti" features cathedral ceilings in the family room, dining and kitchen area with ceiling height of 16'. Features include a spacious family room and open concept, perfect for entertaining; Large kitchen island with a huge pantry, built in appliances and custom cabinetry; extended covered patio and 40' deep backyard. This 4 bedroom home also has a study, jack and jill bath and separate full guest bath. Primary bath includes a stand alone tub and separate shower. Parkside Peninsula is a boutique community with limited availability. Call for more information on this great home that is under construction expected to be completed by end of Summer.

At $263/sqft, this home is priced 16% 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

1352 Cypress Paul St, Georgetown, TX 78628

Property Details

Price $624,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,374 sqft
Lot Size 0.17 acres (7,535.88 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside Peninsula
County Williamson
Zip Code 78628
$/sqft $263/sqft
Days on Market ,
HOA $280/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT226881734
List Date April 18, 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 · April 18, 2026 $605,270
Previous ask $651,038
Current ask $624,990
Increased $19,720 (+3.3%) 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
1317 Cypress Paul St
Parkside Peninsula
$624,990 $242 4 bd / 4 ba 2,587 sqft , 2026-04-14
1465 Cypress Paul St
Parkside Peninsula
$624,900 $244 4 bd / 4 ba 2,561 sqft , 2026-04-05
821 Purmela St
Edgewood
$619,990 $223 4 bd / 4 ba 2,785 sqft , 2026-07-27
4020 Fulton Dr
Edgewood
$612,990 $217 4 bd / 3 ba 2,821 sqft , 2026-07-27
1373 Cypress Paul St
Parkside Peninsula
$647,257 $250 4 bd / 4 ba 2,592 sqft , 2026-05-22

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
$3,000/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
$124,998
20% conventional investment loan

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

Estimated Gross Rent+$3,000
Principal + Interest−$3,411
Property Tax (~2.1% TX avg)−$1,094
Insurance (~0.5%)−$260
Est. Monthly Cash Flow $-1,765

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 13, 2026.

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