Active Listing  ·  101 days on market

216 Mystic Canyon Ln

Georgetown, TX 78628
$474,900
5 Bed 3 Bath 3,063 sqft $155/sqft Built 2023 0.18 acres 2-Car Garage Pool Riverview

UNFORGETTABLE RIVER VIEWS. STUNNING TEXAS SUNSETS. AN EXTRAORDINARY PLACE TO CALL HOME!

Imagine ending every day with panoramic views of the San Gabriel River, rolling Hill Country landscapes, and spectacular Texas sunsets right from your own backyard! Perfectly positioned against protected greenspace in Georgetown's desirable Riverview community, this 2023-built home blends natural beauty and modern convenience.

A VIEW THAT SETS THIS HOME APART! With 3,063 square feet, the home features 5 bedrooms, 3 full bathrooms, a dedicated home office, and TWO spacious living areas. The open layout and expansive windows fill the home with natural light while framing the incredible scenery. Flexible living spaces provide room for entertaining, working from home, or relaxing.

YOUR BACKYARD. YOUR ESCAPE. YOUR FRONT-ROW SEAT TO NATURE! Step outside to the covered patio and take it all in. Sweeping river views, mature trees, rolling hills, and wide-open skies create a setting that's difficult to replicate. Picture peaceful mornings with coffee overlooking the river and evenings watching the Texas sky come alive with color. Protected greenspace behind the property provides an incredible natural backdrop that makes every day feel like a getaway.

LOCATION, LIFESTYLE & COMMUNITY! Enjoy Riverview's amenities, including a swimming pool, volleyball court, scenic walking trails, and green spaces. Minutes from Wolf Ranch Town Center, shopping, dining, the Saturday Farmers Market, and Georgetown's Historic Downtown Square, everything you need is within easy reach.

MORE THAN A BEAUTIFUL HOME—IT'S A LIFESTYLE YOU'LL LOVE! Modern construction, generous living spaces, a desirable Georgetown location, and extraordinary San Gabriel River views come together in one exceptional property. Come experience the setting, take in the views, and discover why this home deserves a closer look!

At $155/sqft, this home is 32% below the Georgetown active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

216 Mystic Canyon Ln, Georgetown, TX 78628

Property Details

Price $474,900
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 3,063 sqft
Lot Size 0.18 acres (7,710.12 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverview
County Williamson
Zip Code 78628
$/sqft $155/sqft
Days on Market ,
HOA $175/Quarterly
Annual Tax Est. $12,159.08
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242140869
List Date August 3, 2026
Elementary School Wolf Ranch Elementary
Middle School James Tippit
High School East View
School District Georgetown ISD

Georgetown ISD

Wolf Ranch Elementary · James Tippit · East View

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 · August 3, 2026 $520,000
Previous ask $475,000
Current ask $474,900
▼ Reduced $45,100 (-8.7%) 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
248 Rivers Edge Dr
Riverview
$474,000 $199 4 bd / 3 ba 2,377 sqft , 2026-06-01
241 Rivers Edge Dr
Riverview
$479,085 $227 4 bd / 3 ba 2,110 sqft , 2026-07-01
277 Rivers Edge Dr
Riverview
$469,000 $208 4 bd / 3 ba 2,250 sqft , 2026-06-01
216 Rivers Edge Dr
Riverview
$481,190 $179 5 bd / 3 ba 2,683 sqft , 2026-06-04
252 Rivers Edge Dr
Riverview
$466,000 $211 4 bd / 3 ba 2,210 sqft , 2026-06-03

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
$2,280/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
$94,980
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (assumed ~2.1%)−$831
Insurance (assumed ~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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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