Active Listing  ·  87 days on market

1372 Cypress Paul St

Georgetown, TX 78628
$574,990
4 Bed 3 Bath 2,197 sqft $262/sqft Built 2026 0.14 acres 2-Car Garage Pool New Construction Parkside Peninsula

Stunning Highland Homes Matisse floorplan in a boutique community located in highly sought-after Leander ISD! This thoughtfully designed home showcases elevated finishes and timeless style throughout. The chef’s kitchen features built-in stainless-steel appliances, striking double-stacked cabinetry offering abundant storage and a custom luxury feel. The spacious primary suite includes a spa-inspired bath with a freestanding soaking tub, separate walk-in shower with tile flooring, and elegant designer touches.

Additional upgrades include an optional dining room hutch, convenient mud bench, upgraded 8’ interior doors, sophisticated black hardware, and beautiful cathedral ceilings in the family room that create an open, airy atmosphere filled with natural light. The exterior boasts desirable 4-side brick construction for lasting curb appeal and durability.

Nestled in an intimate boutique community with convenient access to shopping, dining, parks, and major commuter routes, this exceptional home blends comfort, functionality, and upscale design in one of the area’s most desirable school districts. This home is currently under construction and scheduled to be complete in August.

At $262/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

1372 Cypress Paul St, Georgetown, TX 78628

Property Details

Price $574,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,197 sqft
Lot Size 0.14 acres (6,229.08 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside Peninsula
County Williamson
Zip Code 78628
$/sqft $262/sqft
Days on Market ,
HOA $280/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT230940746
List Date May 21, 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 · May 21, 2026 $562,774
Previous ask $591,565
Current ask $574,990
Increased $12,216 (+2.2%) 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
201 Blue Jasmine Trl
Parkside/River Ph 3 Sec 4 & 7A
$584,900 $206 4 bd / 3 ba 2,843 sqft , 2026-03-28
1317 Sweet Violet Dr
Wildspring - Arbor Collection
$599,000 $268 3 bd / 3 ba 2,238 sqft , 2026-01-09
1348 Cypress Paul St
Parkside Peninsula
$599,900 $225 4 bd / 3 ba 2,663 sqft , 2026-03-27
4020 Fulton Dr
Edgewood
$612,990 $217 4 bd / 3 ba 2,821 sqft , 2026-07-27
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
$2,760/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
$114,998
20% conventional investment loan

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

Estimated Gross Rent+$2,760
Principal + Interest−$3,138
Property Tax (~2.1% TX avg)−$1,006
Insurance (~0.5%)−$240
Est. Monthly Cash Flow $-1,624

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 →