Active Listing  ·  62 days on market

253 Rivers Edge Dr

Georgetown, TX 78628
$489,000
5 Bed 3 Bath 2,513 sqft $195/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 Grayson is a stunning single story home at our Riverview community in Georgetown, TX. With an impressive 2,513 square feet of living space across 5 bedrooms and 3 bathrooms, this is the perfect home for your family. As you enter the home, you'll find the four secondary bedrooms and two full bathrooms 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. Enjoy stainless steel appliances, quartz countertops, and a walk-in pantry. The large family room has tons of natural lighting and looks out to the large covered patio. The main bedroom, bedroom 1, is located 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, Deako Smart Light Switch, Kwikset Smart lock, and more.

At $195/sqft, this home is 14% 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

253 Rivers Edge Dr, Georgetown, TX 78628

Property Details

Price $489,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,513 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 $195/sqft
Days on Market ,
HOA $58/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT232517782
List Date June 3, 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 →

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
425 Buckaroo Dr
Parmer Ranch
$489,134 $188 4 bd / 3 ba 2,597 sqft , 2026-01-05
517 Buckaroo Dr
Parmer Ranch
$489,257 $188 5 bd / 3 ba 2,600 sqft , 2026-04-16
525 Buckaroo Dr
Parmer Ranch
$489,408 $188 5 bd / 3 ba 2,600 sqft , 2026-05-27
505 Buckaroo Dr
Parmer Ranch
$489,681 $189 4 bd / 3 ba 2,597 sqft , 2025-12-09
113 Carlsbad Ct
East View Farms
$489,990 $173 5 bd / 4 ba 2,840 sqft , 2026-03-20

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
$2,347/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
$97,800
20% conventional investment loan

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

Estimated Gross Rent+$2,347
Principal + Interest−$2,669
Property Tax (~2.1% TX avg)−$856
Insurance (~0.5%)−$204
Est. Monthly Cash Flow $-1,382

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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