Active Listing  ·  96 days on market

142 Rapid Springs Cv

Georgetown, TX 78628
$549,900
4 Bed 3 Bath 2,892 sqft $190/sqft Built 2019 0.28 acres 3-Car Garage Pool Riverview

This spacious single-story home offers 3 bedrooms, 2.5 baths, two versatile flex spaces, and a desirable 3-car garage, all tucked away on a quiet cul-de-sac backing to a greenbelt for added privacy and peaceful views.

Designed for comfortable everyday living, the open-concept floor plan features luxury vinyl plank flooring, a cozy fireplace, and soaring picture windows that fill the living room with natural light. The gourmet kitchen seamlessly connects to the living area and showcases stainless steel appliances, a large center island, granite countertops, a separate cooktop, built-in oven, microwave, and a stylish glass tile backsplash.

Just off the living room, one flex space is ideal for a home office, formal dining room, playroom, or potential 4th bedroom. A second flex space near the secondary bedrooms is currently used as a home gym but could easily serve as a media room, craft room, or hobby space. The spacious primary suite offers a relaxing retreat with a soaking tub, walk-in shower, dual vanities, and a large walk-in closet. A private door from the primary suite leads directly to the back patio, creating the perfect spot to step outside and enjoy your morning coffee. Secondary bedrooms feature generous closet space and share a Jack-and-Jill bath with a dual vanity and tub/shower combination.

Step outside to an extended covered patio overlooking the greenbelt, providing an ideal setting for entertaining or relaxing. The backyard also features a hot tub on its own dedicated pad, offering a private place to unwind at the end of the day.

Residents enjoy access to scenic trails along the San Gabriel River, a resort-style pool, volleyball courts, and picnic areas. Conveniently located just 3 miles from Wolf Ranch Shopping Center and 6 miles from the historic Georgetown Square, this exceptional home offers the perfect blend of comfort, privacy, and community. More than just a home, it's the Georgetown lifestyle you've been waiting for.

At $190/sqft, this home is 17% below the Georgetown active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

142 Rapid Springs Cv, Georgetown, TX 78628

Property Details

Price $549,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,892 sqft
Lot Size 0.28 acres (12,262.14 sqft)
Year Built 2019
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverview
County Williamson
Zip Code 78628
$/sqft $190/sqft
Days on Market ,
HOA $165/Quarterly
Annual Tax Est. $13,781.47
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236852572
List Date June 19, 2026
Elementary School Wolf Ranch Elementary
Middle School James Tippit
High School East View
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.

Schedule a Call →

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 · June 19, 2026 $559,900
Current ask $549,900
Reduced $10,000 (-1.8%) 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
281 Rivers Edge Dr
Riverview
$549,190 $205 5 bd / 3 ba 2,683 sqft , 2026-07-01
285 Rivers Edge Dr
Riverview
$543,940 $216 5 bd / 3 ba 2,513 sqft , 2026-06-04
1149 Flying Cloud Trl
Wolf Ranch West Bend
$539,900 $225 4 bd / 3 ba 2,399 sqft , 2026-06-08
1332 Ridge Runner Dr
Shadow Canyon Ph 3
$564,900 $184 5 bd / 4 ba 3,066 sqft , 2026-07-20
1820 Spring Mountain Cv
Wolf Ranch
$529,900 $215 4 bd / 4 ba 2,466 sqft , 2026-08-10

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
$2,640/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
$109,980
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,001
Property Tax (~2.1% TX avg)−$962
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,552

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 →