Active Listing  ·  12 days on market

1401 Mulberry Oak Ln

Georgetown, TX 78628
$599,000
4 Bed 4 Bath 3,064 sqft $195/sqft Built 2022 0.17 acres 2-Car Garage Pool Parkside/River Ph 2 Sec 1

PRICED BELOW APPRAISED VALUE! Some homes just feel right the moment you walk in, and this 2022 PERRY HOMES build in PARKSIDE ON THE RIVER is one of them. Known for quality craftsmanship, Perry Homes delivered 4 bedrooms, 3 full baths, a powder room and 3,029 sq ft, with room for everyone and everything.

A RARE FLOOR PLAN where BOTH FLOORS SHINE! The main floor offers the PRIMARY SUITE, a STUDY and a SECOND BEDROOM, ideal for guests, multi-generational living or anyone who wants to skip the stairs. Upstairs, a spacious GAME ROOM sits on one side and the remaining bedrooms on the other, so movie nights and quiet nights can happen at the same time.

Soaring ceilings and walls of windows pour natural light into the OPEN-CONCEPT living, dining and kitchen space. Picture holiday dinners, game nights and lazy Sunday mornings all flowing together under one roof.

THE KITCHEN IS THE HEART OF THIS HOME: a large center island, generous counter space and quality cabinetry make cooking and entertaining a joy.

The PRIMARY SUITE offers a spa-style bath with dual vanities and a walk-in shower, the perfect place to unwind at the end of the day.

Slow down on the COVERED PATIO with your morning coffee or unwind at sunset overlooking the backyard.

Parkside on the River is a VIBRANT, ACTIVE COMMUNITY with a RESORT-STYLE POOL, WALKING TRAILS and GREENBELT VIEWS right outside your door. Zoned to Georgetown ISD, with shopping, dining and healthcare close by, plus EASY ACCESS TO MAJOR EMPLOYERS including Apple, Dell Technologies, Tesla and Meta.

Bright, spacious and priced to move. THIS ONE IS WORTH THE DRIVE!

At $195/sqft, this home is 14% below the Georgetown active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1401 Mulberry Oak Ln, Georgetown, TX 78628

Property Details

Price $599,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,064 sqft
Lot Size 0.17 acres (7,623 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside/River Ph 2 Sec 1
County Williamson
Zip Code 78628
$/sqft $195/sqft
Days on Market ,
HOA $210/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251410704
List Date October 31, 2026
Elementary School Wolf Ranch Elementary
Middle School James Tippit
High School East View
School District Georgetown ISD

Georgetown ISD

Wolf Ranch Elementary · James Tippit · East View

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
100 Anejo Bluff Ct
Parkside on the River
$599,000 $207 5 bd / 4 ba 2,895 sqft , 2026-10-28
3125 Holy Hl
Parkside on the River
$599,900 $249 4 bd / 3 ba 2,410 sqft , 2026-07-28
104 Forgiven Magdalene Path
Parkside on the River
$599,900 $246 4 bd / 3 ba 2,442 sqft , 2026-08-10
1429 Snowdrop Dr
Parkside on the River - West
$599,900 $214 4 bd / 4 ba 2,797 sqft , 2026-08-24
1104 Pansy Trl
Parkside on the River
$599,900 $241 4 bd / 4 ba 2,493 sqft , 2026-10-04

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
$2,875/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
$119,800
20% conventional investment loan

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

Estimated Gross Rent+$2,875
Principal + Interest−$3,269
Property Tax (assumed ~2.1%)−$1,048
Insurance (assumed ~0.5%)−$250
Est. Monthly Cash Flow $-1,692

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

More Luxury Homes in Georgetown

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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 · 41 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. The written content was last updated on November 8, 2026.

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

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