Active Listing  ·  36 days on market

1487 Cypress Paul St

Georgetown, TX 78628
$799,900
4 Bed 4 Bath 2,796 sqft $286/sqft Built 2027 0.15 acres 2-Car Garage Pool New Construction PARKSIDE PENINSULA

The front porch leads to a two-story entryway with a curved staircase. French doors enclose the private home office that overlooks the front yard. The utility room is conveniently located off the main hallway. The family room features extended ceilings, a wall of windows, and a sliding glass door that opens to the extended covered patio. The kitchen offers a 5-burner gas cooktop, a generous island with seating space, and a walk-in pantry. The corner dining area provides additional access to the patio. The secluded primary suite highlights a wall of windows in the bedroom. Double doors lead to the primary bath with dual vanities, a freestanding tub, a glass-enclosed shower, and a walk-in closet. A guest suite with a private bath completes downstairs. Upstairs hosts a game room, a theatre room, two secondary bedrooms, and a full bath with dual vanity. A mud room and half bath are off the three-car garage

At $286/sqft, this home is priced 25% above the Georgetown active market average of $228/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1487 Cypress Paul St, Georgetown, TX 78628

Property Details

Price $799,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,796 sqft
Lot Size 0.15 acres (6,708.24 sqft)
Year Built 2027
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision PARKSIDE PENINSULA
County Williamson
Zip Code 78628
$/sqft $286/sqft
Days on Market ,
HOA $70/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT249178943
List Date October 7, 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 · October 7, 2026 $800,900
Previous ask $870,900
Current ask $799,900
▼ Reduced $1,000 (-0.1%) 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
1341 Cypress Paul St
Parkside Peninsula
$799,900 $312 4 bd / 4 ba 2,561 sqft , 2026-09-15
1483 Cypress Paul St
PARKSIDE PENNINSULA
$799,900 $308 4 bd / 3 ba 2,595 sqft , 2026-10-27
4100 Waxahachie Rd
Edgewood
$799,990 $216 4 bd / 6 ba 3,705 sqft , 2026-10-28
1495 Cypress Paul St
Parkside Peninsula
$803,900 $273 4 bd / 4 ba 2,942 sqft , 2026-09-04
1025 Sunset Hill Way
Parkside on the River West
$775,900 $228 4 bd / 4 ba 3,396 sqft , 2026-06-12

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
$3,840/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
$159,980
20% conventional investment loan

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

Estimated Gross Rent+$3,840
Principal + Interest−$4,365
Property Tax (assumed ~2.1%)−$1,400
Insurance (assumed ~0.5%)−$333
Est. Monthly Cash Flow $-2,258

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 6, 2026.

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

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