Active Listing  ·  119 days on market

1397 Cypress Paul St

Georgetown, TX 78628
$674,900
4 Bed 3 Bath 2,595 sqft $260/sqft Built 2026 0.14 acres 2-Car Garage Pool Parkside Peninsula

Welcoming front porch opens into the two-story entryway featuring French doors leading into the home office. Past the staircase you enter the kitchen which hosts the island with built-in seating, a 5-burner gas cooktop, and a corner walk-in pantry. The dining area connects the open two-story family room featuring sliding glass doors and access to the covered backyard patio. The primary bedroom hosts a wall of windows. French doors open into the primary bathroom featuring dual vanities, glass enclosed shower, freestanding tub and large walk-in closet. On the second floor you enter into the game room overlooking the first floor. Secondary bedrooms featuring walk-in closets and a shared bathroom complete this floor. A private guest suite with full bathroom and utility room are located off the kitchen. The mud room is just off the two-car garage.

At $260/sqft, this home is priced 15% 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

1397 Cypress Paul St, Georgetown, TX 78628

Property Details

Price $674,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,595 sqft
Lot Size 0.14 acres (6,250.86 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside Peninsula
County Williamson
Zip Code 78628
$/sqft $260/sqft
Days on Market ,
HOA $70/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226946469
List Date April 19, 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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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
1325 Cypress Paul St
Parkside Peninsula
$674,900 $229 4 bd / 4 ba 2,942 sqft , 2026-04-16
1304 Cypress Paul St
Parkside Peninsula
$674,990 $227 5 bd / 4 ba 2,979 sqft , 2026-06-27
4016 Fulton Dr
Edgewood
$684,990 $213 4 bd / 4 ba 3,221 sqft , 2026-07-01
1475 Cypress Paul St
Parkside Peninsula
$689,990 $251 4 bd / 5 ba 2,749 sqft , 2026-06-29
480 Monahans Dr
Parkside/Mayfield Ranch Sec 4B
$659,000 $237 4 bd / 3 ba 2,782 sqft , 2026-07-19

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
$3,240/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
$134,980
20% conventional investment loan

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

Estimated Gross Rent+$3,240
Principal + Interest−$3,683
Property Tax (~2.1% TX avg)−$1,181
Insurance (~0.5%)−$281
Est. Monthly Cash Flow $-1,905

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 July 28, 2026.

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