Active Listing  ·  86 days on market

1421 Cypress Paul St

Georgetown, TX 78628
$715,358
5 Bed 5 Bath 2,946 sqft $243/sqft Built 2026 0.15 acres 2-Car Garage Pool New Construction Parkside Peninsula

Experience elevated living in Parkside Peninsula with the beautifully designed Solomon floorplan by Highland Homes. Offering nearly 3,000 square feet of thoughtfully crafted space, this stunning two-story home features 5 bedrooms, 4 bathrooms, a private study, game room, and exceptional entertaining spaces throughout.

The heart of the home is the expansive chef’s kitchen showcasing built-in stainless steel appliances, double-stacked cabinetry, a large center island, peninsula seating, and an optional hutch for added storage and style. The open-concept layout flows seamlessly into the dining and family rooms, where soaring two-story ceilings create a bright and dramatic atmosphere. A beautiful staircase with rod iron open railing adds to the home’s elegant design.

The primary suite is conveniently located on the main floor and offers a luxurious retreat with a freestanding soaking tub, separate walk-in shower with tile flooring, and spacious layout. A secondary bedroom with nearby full bath downstairs is ideal for guests or flexible living. Upstairs, two secondary bedrooms share a Jack-and-Jill bath, while the fifth bedroom enjoys its own private en-suite bath. The oversized game room provides the perfect flex space for movie nights, playroom, or additional living area.

Enjoy outdoor living year-round on the large covered patio, all within the boutique luxury community of Parkside Peninsula and zoned to highly acclaimed Leander Independent School District schools.

At $243/sqft, this home is priced 8% 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

1421 Cypress Paul St, Georgetown, TX 78628

Property Details

Price $715,358
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 2,946 sqft
Lot Size 0.15 acres (6,577.56 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside Peninsula
County Williamson
Zip Code 78628
$/sqft $243/sqft
Days on Market ,
HOA $280/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT231100311
List Date May 22, 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.

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 · May 22, 2026 $680,919
Previous ask $684,119
Current ask $715,358
Increased $34,439 (+5.1%) 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
120 Shady Spring Trl
Parkside on the River
$725,000 $255 4 bd / 4 ba 2,845 sqft , 2026-07-10
1412 Sweet Violet Dr
Wildspring - Arbor Collection
$699,000 $218 4 bd / 4 ba 3,204 sqft , 2026-07-14
1475 Cypress Paul St
Parkside Peninsula
$689,990 $251 4 bd / 5 ba 2,749 sqft , 2026-06-29
324 Autumn Oak Way
Parkside on the River
$745,000 $228 4 bd / 4 ba 3,267 sqft , 2026-04-23
4016 Fulton Dr
Edgewood
$684,990 $213 4 bd / 4 ba 3,221 sqft , 2026-07-01

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
$3,434/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
$143,072
20% conventional investment loan

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

Estimated Gross Rent+$3,434
Principal + Interest−$3,904
Property Tax (~2.1% TX avg)−$1,252
Insurance (~0.5%)−$298
Est. Monthly Cash Flow $-2,020

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 →