Active Listing  ·  162 days on market

253 Rivers Edge Dr

Georgetown, TX 78628
$488,000
5 Bed 3 Bath 2,513 sqft $194/sqft Built 2026 0.21 acres 3-Car Garage Pool New Construction Riverview

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 $194/sqft, this home is 15% 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

253 Rivers Edge Dr, Georgetown, TX 78628

Property Details

Price $488,000
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 $194/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 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 3, 2026 $499,000
Previous ask $489,000
Current ask $488,000
▼ Reduced $11,000 (-2.2%) 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
212 Rivers Edge Dr
Riverview
$491,070 $195 5 bd / 3 ba 2,513 sqft , 2026-07-01
1816 Spring Mountain Cv
Wolf Ranch
$492,603 $205 4 bd / 3 ba 2,405 sqft , 2026-04-09
1101 Scenic Green Loop
Parkside on the River
$493,737 $192 4 bd / 4 ba 2,575 sqft , 2026-07-06
216 Rivers Edge Dr
Riverview
$481,190 $179 5 bd / 3 ba 2,683 sqft , 2026-06-04
241 Rivers Edge Dr
Riverview
$479,085 $227 4 bd / 3 ba 2,110 sqft , 2026-07-01

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
$2,342/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
$97,600
20% conventional investment loan

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

Estimated Gross Rent+$2,342
Principal + Interest−$2,663
Property Tax (assumed ~2.1%)−$854
Insurance (assumed ~0.5%)−$203
Est. Monthly Cash Flow $-1,378

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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