Active Listing  ·  390 days on market

401 Peace Pipe Way

Georgetown, TX 78628
$379,995
3 Bed 2 Bath 1,535 sqft $248/sqft Built 2020 0.14 acres 2-Car Garage Pool Riverview

Welcome to this beautifully updated 3 bedroom, 2 bath home in Georgetown's desirable Riverview Subdivision. Nestled on a greenbelt lot, this home offers both privacy and serene views. Inside, you'll find an open-concept layout perfect for modern living, with stylish vinyl plank flooring in the main areas and carpet in the spare bedrooms. The kitchen and the bathrooms offer a clean and contemporary feel throughout. Step outside to enjoy the extended back patio - ideal for entertaining or relaxing while overlooking the peaceful greenbelt. Conveniently located near parks, schools, and shopping, this home combines comfort, style, and location. Riverview is an amenity-rich community designed for an active lifestyle, featuring a resort-style pool, splash pad, playscape, sand volleyball courts, and a scenic walking path along the San Gabriel River. Experience the perfect blend of modern living and outdoor adventure.

At $248/sqft, this home is priced 9% above the Georgetown active market average of $227/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

401 Peace Pipe Way, Georgetown, TX 78628

Property Details

Price $379,995
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,535 sqft
Lot Size 0.14 acres (6,076.62 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverview
County Williamson
Zip Code 78628
$/sqft $248/sqft
Days on Market ,
HOA $165/Quarterly
Annual Tax Est. $8,768.07
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT201778803
List Date July 10, 2025
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
4900 Sonora Trce
Heritage Oaks Sec 2
$379,999 $225 3 bd / 2 ba 1,689 sqft , 2026-05-13
308 Los Cobos Ln
La Conterra North Ph 2
$379,990 $190 3 bd / 3 ba 2,001 sqft , 2026-04-24
2413 Bridges Ranch Rd
LIVELY RANCH
$380,000 $204 3 bd / 2 ba 1,866 sqft , 2026-06-22
1215 Haven Ln #102
University Place Twnhms
$380,000 $194 2 bd / 3 ba 1,958 sqft , 2026-07-10
706 Kitty Hawk Rd
Sun City Nbrhd 69
$379,900 $247 2 bd / 2 ba 1,541 sqft , 2026-07-16

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
$1,824/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
$75,999
20% conventional investment loan

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

Estimated Gross Rent+$1,824
Principal + Interest−$2,074
Property Tax (~2.1% TX avg)−$665
Insurance (~0.5%)−$158
Est. Monthly Cash Flow $-1,073

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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