Active Listing  ·  64 days on market

248 Rivers Edge Dr

Georgetown, TX 78628
$475,000
4 Bed 3 Bath 2,377 sqft $200/sqft Built 2026 0.21 acres 3-Car Garage Pool New Construction Riverview

*5% lender incentive offered with the use of the seller’s in-house lender! Incentive may be used towards buyer closing costs and/or rate buy-down, subject to lender approval and buyer qualification. **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 $200/sqft, this home is 12% 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

248 Rivers Edge Dr, Georgetown, TX 78628

Property Details

Price $475,000
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 $200/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 ,

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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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
252 Rivers Edge Dr
Riverview
$475,000 $215 4 bd / 3 ba 2,210 sqft , 2026-06-03
153 Crescent Heights Dr
Crescent Bluff
$475,000 $169 4 bd / 4 ba 2,818 sqft , 2026-05-26
106 Waterlily Ln
Sun City Georgetown Neighborhood 02 Amd B
$475,000 $216 3 bd / 2 ba 2,201 sqft , 2026-07-03
4623 Chestnut Meadows Bnd
Teravista
$475,000 $155 4 bd / 3 ba 3,074 sqft , 2026-07-03
213 Kingsland St
Parmer Ranch
$475,000 $183 4 bd / 4 ba 2,600 sqft , 2026-07-05

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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~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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