Active Listing  ·  118 days on market

1469 Cypress Paul St

Georgetown, TX 78628
$624,900
4 Bed 4 Bath 2,796 sqft $223/sqft Built 2026 0.14 acres 2-Car Garage Pool Parkside Peninsula

Front porch opens into a two-story entryway with a grand staircase. French doors enclose the private home office. The utility room is conveniently located off the main hallway. The family room features extended ceilings and a wall of windows with a sliding glass door opening to the extended covered backyard patio. The kitchen features a 5-burner gas cooktop, an island with built-in seating space, and a walk-in pantry. The dining area is embraced by a corner wall of windows. The primary bedroom boasts three large windows. French doors open into the primary bathroom, which hosts dual vanities, a freestanding tub, glass-enclosed shower, and a walk-in closet. Upstairs you are welcomed by a game room, theatre room, and secondary bedrooms. Completing the home is a guest suite with a full bathroom tucked beyond the mud room. Two-car garage.

At $223/sqft, this home is priced in line with the Georgetown market average of $228/sqft across 1,178 active listings. View Austin market report →

Location

1469 Cypress Paul St, Georgetown, TX 78628

Property Details

Price $624,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,796 sqft
Lot Size 0.14 acres (6,250.86 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside Peninsula
County Williamson
Zip Code 78628
$/sqft $223/sqft
Days on Market ,
HOA $70/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240273761
List Date July 17, 2026
Elementary School Tarvin
Middle School Stiles
High School Rouse
School District Leander ISD

Leander ISD

Tarvin · Stiles · Rouse

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 · July 17, 2026 $804,900
Previous ask $678,900
Current ask $624,900
▼ Reduced $180,000 (-22.4%) 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
1475 Cypress Paul St
Parkside Peninsula
$624,990 $227 4 bd / 5 ba 2,749 sqft , 2026-06-29
1304 Cypress Paul St
Parkside Peninsula
$621,990 $209 5 bd / 4 ba 2,979 sqft , 2026-06-27
4045 Fulton Dr
Edgewood
$619,990 $192 5 bd / 4 ba 3,221 sqft , 2026-09-09
713 Coppell Ct
Edgewood
$619,900 $188 4 bd / 4 ba 3,303 sqft , 2026-08-24
480 Monahans Dr
Parkside at Mayfield Ranch Sec 4B
$619,000 $223 4 bd / 3 ba 2,782 sqft , 2026-07-19

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 (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$3,000
Principal + Interest−$3,410
Property Tax (assumed ~2.1%)−$1,094
Insurance (assumed ~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 →

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 · 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 4, 2026.

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

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