About This Home

Home office with French doors set at two-story entry. Open kitchen offers deep walk-in pantry, a 5-burner gas cooktop, and a generous island with built-in seating space. Dining area opens to two-story family room with sliding glass doors. Primary suite with 10-foot ceiling. Dual vanities, freestanding tub, separate glass-enclosed shower and large walk-in closet in primary bath. A second bedroom is downstairs. A media room and secondary bedrooms are upstairs. Covered backyard patio. Mud room off two-car garage.

At $215/sqft, this home is 5% below the Georgetown active market average of $226/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1381 Cypress Paul St, Georgetown, TX 78628

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Property Details

Price $649,900

Status Active Listing

Beds 4

Full Baths 3

Half Baths 1

Living Area 3,023 sqft

Lot Size 0.14 acres (6,250.86 sqft)

Year Built 2024

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Parkside Peninsula

County Williamson

Zip Code 78628

$/sqft $215/sqft

Days on Market ,

HOA $70/Quarterly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT224071742

List Date March 27, 2026

Elementary School Tarvin

Middle School Stiles

High School Rouse

School District ,

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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 $759,900

Previous ask $674,900

Current ask $649,900

▼ Reduced $110,000 (-14.5%) 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 $649,990 $193 5 bd / 4 ba 3,365 sqft , 2026-07-01

1345 Sweet Violet Dr
Wildspring - Arbor Collection $649,000 $260 4 bd / 4 ba 2,500 sqft , 2026-03-20

1373 Cypress Paul St
Parkside Peninsula $647,257 $250 4 bd / 4 ba 2,592 sqft , 2026-05-22

200 Lake Livingston Dr
Parkside at Mayfield Ranch $659,000 $183 5 bd / 4 ba 3,610 sqft , 2026-04-16

3012 Wedgescale Pass
Sarita Valley $635,000 $191 4 bd / 4 ba 3,322 sqft , 2026-06-11

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

$3,120/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

$129,980

20% conventional investment loan

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

Estimated Gross Rent+$3,120

Principal + Interest−$3,547

Property Tax (~2.1% TX avg)−$1,137

Insurance (~0.5%)−$271

Est. Monthly Cash Flow $-1,835

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 →

About the Author

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 →

1381 Cypress Paul St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

1381 Cypress Paul St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

Explore Austin Real Estate