Active Listing  ·  76 days on market

204 Three Rivers Rd

Florence, TX 78633
$799,545
4 Bed 4 Bath 3,658 sqft $219/sqft Built 2026 1.04 acres 3-Car Garage Pool FEATHERGRASS

**5.49% Interest Rate Promotion on this Home - Must Contract by November 30th! Call GFO Home for Details. Welcome to GFO Home's stunning Emory Floor Plan from our brand-new Feathergrass community exclusive Lone Star Series. This expansive One-Story home on One-Acre offers spacious living with 3,658 sq ft, 4 Bedrooms, 3.5 Bathrooms, and 3-Car Garage. This beautiful home also includes highlights like a Media Room, a Formal Dining Area, and an Open Concept Grand Family Room with soaring Vaulted Cathedral Ceilings, a 78-inch Electric Ribbon Fireplace, and 15-foot Slider Glass Patio Door, leading to the large Covered Patio featuring continued vaulted Cathedral Ceilings, and the expansive Private Backyard. Get inspired by the state-of-the-art Gourmet Chef’s Kitchen featuring a Morning Kitchen, large Center Island, Upgraded Stainless-Steel Appliances, Walk-in Pantry, and attached Breakfast/Dining Room. Relax and unwind in the luxurious Primary Suite with gorgeous Spa-Inspired Primary Bathroom, featuring a designer Free-Standing Tub, Frameless Glass Walk-In Shower, and Oversized Walk-In Closet. Finishing off this home are 3 more Bedrooms, 2 more full Bathrooms, and functional additions with a laundry room, Powder Bath, and a Mudroom off the garage entrances. Experience high-end living at its finest with GFO Home’s Emory floor plan in the Luxury Acreage Feathergrass Community. Enjoy Hill Country views and small-town charm in the heart of Florence, TX– just North of Georgetown and minutes from the Historic Georgetown Square voted The Most Beautiful Town Square in Texas! Explore local shopping, dining, outdoor fun, and community events! Plus, you’ll be minutes away from nearby conveniences like the Parmer Center with brand new HEB, Lake Georgetown, and more! Zoned to Georgetown ISD with top-rated Ford Elementary, Benold Middle School, and Georgetown High School. Estimated completion: November.

At $219/sqft, this home is 64% below the Florence active market average of $612/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

204 Three Rivers Rd, Florence, TX 78633

Property Details

Price $799,545
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,658 sqft
Lot Size 1.04 acres (45,302.4 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision FEATHERGRASS
County Williamson
Zip Code 78633
$/sqft $219/sqft
Days on Market ,
HOA $1,000/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245047630
List Date August 28, 2026
Elementary School Jo Ann Ford
Middle School Douglas Benold
High School Georgetown
School District Georgetown ISD

Georgetown ISD

Jo Ann Ford · Douglas Benold · Georgetown

Luke Allen (TREC #788149) has deep knowledge of Florence 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 · August 28, 2026 $886,545
Previous ask $894,545
Current ask $799,545
▼ Reduced $87,000 (-9.8%) 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 Florence

Comparable Listings Right Now

Homes currently for sale in Florence 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
508 Lightstone Dr
Parmer Ranch 60
$779,900 $235 5 bd / 4 ba 3,323 sqft , 2026-07-27
209 Winters Cv
FEATHERGRASS
$839,315 $203 4 bd / 4 ba 4,125 sqft , 2026-09-14
1308 Glen Heather Dr
Parmer Ranch
$751,900 $223 4 bd / 3 ba 3,379 sqft , 2026-11-10
308 Buckaroo Dr
Parmer Ranch 60
$749,900 $196 5 bd / 5 ba 3,831 sqft , 2026-03-27
1412 Paxton Ln
FEATHERGRASS
$849,990 $191 5 bd / 5 ba 4,456 sqft , 2026-03-18

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
$3,838/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
$159,909
20% conventional investment loan

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

Estimated Gross Rent+$3,838
Principal + Interest−$4,363
Property Tax (assumed ~2.1%)−$1,399
Insurance (assumed ~0.5%)−$333
Est. Monthly Cash Flow $-2,257

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 Florence, TX

Florence sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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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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