Active Listing  ·  11 days on market

328 Terrene Trl

Georgetown, TX 78628
$499,990
5 Bed 4 Bath 2,998 sqft $167/sqft Built 2023 0.19 acres 2-Car Garage Pool Parkside/River Ph 2 Sec 4 & 7

Priced to sell! Discover exceptional value in the highly desirable Parkside on the River community. This beautifully designed 5-bedroom, 4-bath home offers an ideal floor plan with flexibility for everyday living, guests, or multigenerational needs. The open-concept main living area is filled with natural light and flows seamlessly into the dining space and well-appointed kitchen featuring quartz countertops, abundant cabinetry, a gas cooktop, and a large center island.

The thoughtfully designed layout includes the primary suite and an additional bedroom with a full bath on the main level, while upstairs offers another private living area, bedroom, and full bath—creating comfortable separation and versatility for everyone. Step outside to the covered patio and private backyard, perfect for relaxing or entertaining.

Enjoy all that Parkside on the River has to offer, including pools, pickleball, splash areas, parks, trails, and convenient access to Garey Park. Ideally located near I-35 and 183A with shopping, dining, Costco, and H-E-B nearby. A wonderful floor plan, desirable community, and outstanding value—don't miss this opportunity!

At $167/sqft, this home is 27% 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

328 Terrene Trl, Georgetown, TX 78628

Property Details

Price $499,990
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 2,998 sqft
Lot Size 0.19 acres (8,232.84 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside/River Ph 2 Sec 4 & 7
County Williamson
Zip Code 78628
$/sqft $167/sqft
Days on Market ,
HOA $840/Annually
Annual Tax Est. $15,778.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246651780
List Date September 12, 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
229 Bluff Creek Ln
Parkside on the River
$499,900 $205 4 bd / 3 ba 2,444 sqft , 2026-09-08
121 Amber Oak Ln
Parkside on the River
$491,538 $217 4 bd / 3 ba 2,261 sqft , 2026-04-13
1325 Texas Ash Ln
PARKSIDE ON THE RIVER
$489,900 $206 4 bd / 3 ba 2,381 sqft , 2026-08-28
1509 Blue Creek Ln
Parkside on the River Ph 1A
$514,999 $194 5 bd / 3 ba 2,658 sqft , 2026-07-17
1101 Scenic Green Loop
Parkside on the River
$521,137 $202 4 bd / 4 ba 2,575 sqft , 2026-07-06

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
$2,400/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
$99,998
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,729
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,412

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

More Luxury Homes in Georgetown

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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 22, 2026.

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