Active Listing  ·  61 days on market

216 Rivers Edge Dr

Georgetown, TX 78628
$494,190
5 Bed 3 Bath 2,683 sqft $184/sqft Built 2026 0.17 acres 2-Car Garage Pool New Construction Riverview

ESTIMATED COMPLETION JULY!

The Irving is a stunning single story home at our Riverview community in Georgetown, TX. With an impressive 2,683 square feet of living space across 5 bedrooms, 3 bathrooms, and a study, this is the perfect home for your family.

As you enter the home, you'll find three secondary bedrooms and a full bathroom off the foyer. Continuing down the hall you'll discover a huge open concept space including the gourmet kitchen, dining area, and living area. The kitchen features a large island and plenty of cabinet space.

The large family room has tons of natural lighting and looks out to the large covered patio. The study is located off of the family room and another secondary bedroom is privately located at the back of the home, with its own bathroom, perfect for a guest suite.

The main bedroom, bedroom 1, is also at the back of the home and includes a double vanity bathroom sink, walk-in shower, and huge walk-in closet.

This home comes included with a professionally designed landscape package and a full irrigation system as well as our America's Smart Home® package that offers devices such as the Qolsys IQ Panel, Video Doorbell, Alarm.com app, Honeywell Thermostat, a Smart Light Switch, Kwikset Smart lock, and more.

Images are representative of plan and may vary as built.

Contact us today and find your home at Riverview.

At $184/sqft, this home is 19% below the Georgetown active market average of $227/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

216 Rivers Edge Dr, Georgetown, TX 78628

Property Details

Price $494,190
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,683 sqft
Lot Size 0.17 acres (7,361.64 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverview
County Williamson
Zip Code 78628
$/sqft $184/sqft
Days on Market ,
HOA $175/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT232697336
List Date June 4, 2026
Elementary School Wolf Ranch Elementary
Middle School James Tippit
High School East View
School District ,

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.

Schedule a Call →

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 4, 2026 $508,190
Previous ask $493,190
Current ask $494,190
Reduced $14,000 (-2.8%) 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 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
237 Arrowhead Mound Rd
Wolf Ranch
$493,871 $197 4 bd / 4 ba 2,511 sqft , 2026-04-02
1124 Stetson Hat Trl
WOLF RANCH
$495,000 $208 4 bd / 3 ba 2,381 sqft , 2026-05-16
1101 Sendero Trl
Wolf Ranch
$495,000 $253 4 bd / 3 ba 1,957 sqft , 2026-06-04
1633 Weavers Bnd
LIVELY RANCH
$495,000 $185 4 bd / 3 ba 2,682 sqft , 2026-07-30
121 Amber Oak Ln
Parkside on the River
$496,538 $220 4 bd / 3 ba 2,261 sqft , 2026-04-13

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
$2,372/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
$98,838
20% conventional investment loan

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

Estimated Gross Rent+$2,372
Principal + Interest−$2,697
Property Tax (~2.1% TX avg)−$865
Insurance (~0.5%)−$206
Est. Monthly Cash Flow $-1,396

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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