Active Listing  ·  136 days on market

1475 Cypress Paul St

Georgetown, TX 78628
$624,990
4 Bed 5 Bath 2,749 sqft $227/sqft Built 2026 0.18 acres 2-Car Garage Pool New Construction Parkside Peninsula

Brand new Highland Home in Parkside Peninsula. The popular Rodin floorplan features 4 bedrooms (2 downstairs), 4.5 bath, study and game room and media room. This home has many custom options including a 4' extension of the garage with the exterior door for easy access. Every bedroom has its own private bathroom. Optional enhanced extended outdoor covered patio backing to a private greenbelt plus no neighbors on one side offers plenty of privacy. Built in cabinets in the dining room with custom double stacked cabinetry to the ceiling in this gourmet kitchen. Beautiful open railing, 2 story ceiling in the family room and open concept invite you into the home. This home is truly special. Come visit the award-winning builder, Highland Homes and have the peace of mind that this quiet luxury home is a quality home. Located in the highly acclaimed Leander ISD, Parkside Peninsula is a quiet boutique community with limited opportunities. Home to be complete in August. Call today for your private showing.

At $227/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

1475 Cypress Paul St, Georgetown, TX 78628

Property Details

Price $624,990
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 2,749 sqft
Lot Size 0.18 acres (8,015.04 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside Peninsula
County Williamson
Zip Code 78628
$/sqft $227/sqft
Days on Market ,
HOA $280/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT237901573
List Date June 29, 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 · June 29, 2026 $773,106
Previous ask $674,990
Current ask $624,990
▼ Reduced $148,116 (-19.2%) 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
1041 Sunset Hill Way
Parkside on the River West
$624,900 $209 4 bd / 4 ba 2,995 sqft , 2026-02-26
1469 Cypress Paul St
Parkside Peninsula
$624,900 $223 4 bd / 4 ba 2,796 sqft , 2026-07-17
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

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
$124,998
20% conventional investment loan

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

Estimated Gross Rent+$3,000
Principal + Interest−$3,411
Property Tax (assumed ~2.1%)−$1,094
Insurance (assumed ~0.5%)−$260
Est. Monthly Cash Flow $-1,765

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 October 30, 2026.

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

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