About This Home

Home office with French doors set at two-story entry. Two-story family room with sliding glass doors opens to kitchen and dining area. Kitchen hosts inviting island with built-in seating space and a 5-burner gas cooktop. First-floor primary suite includes dual vanities, freestanding tub, separate glass-enclosed shower and large walk-in closet in primary bath. A second bedroom is downstairs. Two secondary bedrooms and a game room are upstairs. Extended covered backyard patio. Two-car garage.

At $244/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

1465 Cypress Paul St, Georgetown, TX 78628

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Property Details

Price $624,900

Status Active Listing

Beds 4

Full Baths 3

Half Baths 1

Living Area 2,561 sqft

Lot Size 0.14 acres (6,272.64 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Parkside Peninsula

County Williamson

Zip Code 78628

$/sqft $244/sqft

Days on Market ,

HOA $70/Quarterly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT225142866

List Date April 5, 2026

Elementary School Tarvin

Middle School Stiles

High School Rouse

School District ,

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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 · April 5, 2026 $739,900

Previous ask $652,900

Current ask $624,900

▼ Reduced $115,000 (-15.5%) 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

1317 Cypress Paul St
Parkside Peninsula $624,990 $242 4 bd / 4 ba 2,587 sqft , 2026-04-14

1352 Cypress Paul St
Parkside Peninsula $624,990 $263 4 bd / 3 ba 2,374 sqft , 2026-04-18

4013 Waxahachie Rd
Edgewood $624,990 $194 5 bd / 4 ba 3,221 sqft , 2026-07-01

821 Purmela St
Edgewood $619,990 $223 4 bd / 4 ba 2,785 sqft , 2026-07-27

809 Purmela St
Edgewood $629,990 $196 4 bd / 4 ba 3,221 sqft , 2026-05-14

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

$3,000/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

$124,980

20% conventional investment loan

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

Estimated Gross Rent+$3,000

Principal + Interest−$3,410

Property Tax (~2.1% TX avg)−$1,094

Insurance (~0.5%)−$260

Est. Monthly Cash Flow $-1,764

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 →

About the Author

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 16, 2026.

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

1465 Cypress Paul St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

1465 Cypress Paul St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

Explore Austin Real Estate