Active Listing  ·  30 days on market

313 Peace Pipe Way

Georgetown, TX 78628
$389,000
4 Bed 3 Bath 2,345 sqft $166/sqft Built 2020 0.14 acres 2-Car Garage Pool Shadow Canyon Ph 2

Seller offering a 1-year rate buydown for qualified buyers financing through Buyer’s Rate Mortgage. Impeccably maintained and completely move-in ready, this stunning 4-bedroom, 3-bathroom Georgetown home backs to a lush, true greenbelt, offering ultimate privacy and tranquility with zero rear neighbors. The easy-flowing floor plan features three main-level bedrooms - including a private primary suite with a large walk-in shower - that seamlessly transition into a bright, open-concept kitchen and living area centered around a large gathering island. Upstairs, an expansive loft and game room paired with a fourth bedroom and full bath create the perfect versatile retreat for guests, older kids, or a dedicated media space. Step outside to the covered patio to relax in your peaceful fenced yard overlooking the beautiful natural tree line, and enjoy an effortless transition into your new home with the refrigerator, washer, and dryer all included!

At $166/sqft, this home is 28% below the Georgetown active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

313 Peace Pipe Way, Georgetown, TX 78628

Property Details

Price $389,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,345 sqft
Lot Size 0.14 acres (6,272.64 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Shadow Canyon Ph 2
County Williamson
Zip Code 78628
$/sqft $166/sqft
Days on Market ,
HOA $175/Quarterly
Annual Tax Est. $10,513.97
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243814566
List Date August 24, 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 · August 24, 2026 $419,000
Current ask $389,000
Reduced $30,000 (-7.2%) 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
1201 Lavender Way
Heights at San Gabriel
$389,990 $255 4 bd / 2 ba 1,531 sqft , 2026-05-12
341 Peace Pipe Way
Riverview
$390,000 $223 4 bd / 2 ba 1,749 sqft , 2026-07-03
644 Peace Pipe Way
RIVERVIEW
$399,000 $169 4 bd / 3 ba 2,361 sqft , 2026-08-27
221 Indian Shoal Dr
Shadow Canyon Ph 2
$399,900 $150 4 bd / 3 ba 2,662 sqft , 2026-07-30
105 Rough Creek Rd
Wolf Ranch
$400,000 $254 3 bd / 2 ba 1,574 sqft , 2026-09-16

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
$1,867/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
$77,800
20% conventional investment loan

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

Estimated Gross Rent+$1,867
Principal + Interest−$2,123
Property Tax (~2.1% TX avg)−$681
Insurance (~0.5%)−$162
Est. Monthly Cash Flow $-1,099

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 · 30 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. This page was last updated on September 19, 2026.

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