Active Listing  ·  81 days on market

1420 Purple Petunia Ln

Georgetown, TX 78628
$736,072
4 Bed 3 Bath 2,951 sqft $249/sqft Built 2026 0.16 acres 2-Car Garage Pool New Construction Parkside On The River

NEW CONSTRUCTION - Welcome to the Middleton built by Highland Homes. Zoned for Leander ISD and an estimated completion of October 2026. Step into the two-story entry with a study and second bedroom and full bath downstairs. The gourmet kitchen features quartz countertops with built-in appliances and is open to the family room with a two-story ceiling. Relax in the luxurious primary bathroom with a freestanding tub and separate shower. Upstairs is perfect for entertaining with a game room and separate entertainment room. Highland Homes is an award-winning builder and eight-time People's Choice Builder of the Year. We offer peace of mind with an industry-leading home warranty and exceptional customer service. Parkside on the River is a gorgeous, 1,500-acre master-planned community nestled on the banks of the San Gabriel River in the highly desirable city of Georgetown, Texas. The rich, rolling land offers a wealth of scenic Hill Country views, meandering trails, acres of open space and massive oaks – complemented by the tranquil San Gabriel River. In addition to the appeal provided by the community’s natural surroundings, Parkside on the River will feature a range of amenities for all ages, including swimming pools, an amenity center and much more!

At $249/sqft, this home is priced 10% 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

1420 Purple Petunia Ln, Georgetown, TX 78628

Property Details

Price $736,072
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,951 sqft
Lot Size 0.16 acres (6,838.92 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside On The River
County Williamson
Zip Code 78628
$/sqft $249/sqft
Days on Market ,
HOA $210/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT231746492
List Date May 28, 2026
Elementary School Parkside
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 28, 2026 $693,219
Previous ask $720,897
Current ask $736,072
Increased $42,853 (+6.2%) 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
1329 White Daisy Ln
AUS - Parkside on the River
$739,900 $229 4 bd / 4 ba 3,227 sqft , 2026-05-11
324 Autumn Oak Way
Parkside on the River
$745,000 $228 4 bd / 4 ba 3,267 sqft , 2026-04-23
120 Shady Spring Trl
Parkside on the River
$725,000 $255 4 bd / 4 ba 2,845 sqft , 2026-07-10
104 Angels Joy Cv
Parkside on the River - West
$724,900 $283 4 bd / 4 ba 2,561 sqft , 2026-07-01
1332 White Daisy Ln
PARKSIDE ON THE RIVER
$749,900 $221 4 bd / 4 ba 3,399 sqft , 2025-07-29

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
$3,533/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
$147,214
20% conventional investment loan

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

Estimated Gross Rent+$3,533
Principal + Interest−$4,017
Property Tax (~2.1% TX avg)−$1,288
Insurance (~0.5%)−$307
Est. Monthly Cash Flow $-2,079

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 · 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 →