Active Listing  ·  164 days on market

248 Rivers Edge Dr

Georgetown, TX 78628
$474,000
4 Bed 3 Bath 2,377 sqft $199/sqft Built 2026 0.21 acres 3-Car Garage Pool New Construction Riverview

**Tour this home anytime - no appointment or agent needed. Simply verify your ID at the door and explore on your own schedule, 7 days a week.The Courtland is a single-story home offered at our Riverview community in Georgetown, TX. This home includes 2,377 square feet of living space, a three-car garage, 4 bedrooms, 3 bathrooms. As you enter this home you will find yourself in a foyer that opens to two spare bedrooms, a full secondary bathroom. Walking further into the home you will also find the fourth bedroom and third full bathroom. As you continue through the home you will walk into the spacious dining room, kitchen and open family room that leads to a covered patio. The kitchen features a large kitchen island, quartz countertops and stainless-steel appliances throughout. At the back of the home, just off the dining room, is the main bedroom, bedroom 1. This bedroom features plenty of space and natural lighting, a large bathroom with double vanity and a large 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.

At $199/sqft, this home is 13% 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

248 Rivers Edge Dr, Georgetown, TX 78628

Property Details

Price $474,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,377 sqft
Lot Size 0.21 acres (9,365.4 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverview
County Williamson
Zip Code 78628
$/sqft $199/sqft
Days on Market ,
HOA $95/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT232190021
List Date June 1, 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 · June 1, 2026 $475,000
Current ask $474,000
▼ Reduced $1,000 (-0.2%) 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
2105 Prairie Oaks Dr
Water Oak North Sec 4
$474,900 $202 4 bd / 2 ba 2,347 sqft , 2026-05-14
216 Mystic Canyon Ln
Riverview
$474,900 $155 5 bd / 3 ba 3,063 sqft , 2026-08-03
277 Rivers Edge Dr
Riverview
$469,000 $208 4 bd / 3 ba 2,250 sqft , 2026-06-01
241 Rivers Edge Dr
Riverview
$479,085 $227 4 bd / 3 ba 2,110 sqft , 2026-07-01
121 Amber Oak Ln
Parkside on the River
$467,398 $207 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
$2,275/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
$94,800
20% conventional investment loan

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

Estimated Gross Rent+$2,275
Principal + Interest−$2,587
Property Tax (assumed ~2.1%)−$830
Insurance (assumed ~0.5%)−$198
Est. Monthly Cash Flow $-1,340

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 11, 2026.

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

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