Active Listing  ·  87 days on market

408 River Overlook Rd

Georgetown, TX 78628
$819,900
5 Bed 5 Bath 3,510 sqft $234/sqft Built 2026 0.19 acres 2-Car Garage Pool Wolf Ranch South Fork

MLS# 5930229 - Built by Drees Custom Homes - Dec 2026 completion! ~ New 5 Bed , 4.5 Bath Home in Georgetown, TX! Experience exceptional space, comfort, and style in the beautifully designed Tristan floor plan. This impressive two-story home offers five bedrooms, four-and-a-half baths and a thoughtfully crafted layout ideal for growing families, multigenerational living or those who love to entertain. The main level showcases a private and expansive primary suite, providing a peaceful retreat with luxurious finishes and ample space to unwind. A dedicated home office creates the perfect work-from-home environment, while a first-floor guest suite near the foyer offers comfort and privacy for visitors. At the heart of the home, the gourmet kitchen features abundant cabinetry, a spacious walk-in pantry and convenient access to the tandem garage, making everyday living effortless. The open-concept design flows seamlessly into the dramatic two-story family room and extends outdoors to a covered patio, creating the perfect setting for relaxation and entertaining. Upstairs, a versatile gameroom overlooks the family room below and connects to a dedicated media room, providing endless opportunities for movie nights, gaming or recreation. Three additional bedrooms and two full baths complete the second level, offering plenty of room for family and guests. Located in desirable Georgetown, TX, this stunning new construction home combines luxury, functionality and flexible living spaces in one extraordinary package.

At $234/sqft, this home is priced 4% above the Georgetown active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

408 River Overlook Rd, Georgetown, TX 78628

Property Details

Price $819,900
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 3,510 sqft
Lot Size 0.19 acres (8,276.4 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Wolf Ranch South Fork
County Williamson
Zip Code 78628
$/sqft $234/sqft
Days on Market ,
HOA $560/Semi-Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241348993
List Date July 27, 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.

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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 · July 27, 2026 $829,900
Current ask $819,900
▼ Reduced $10,000 (-1.2%) 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
3320 Double Spur Trl
Wolf Ranch - West Bend
$823,950 $218 5 bd / 5 ba 3,772 sqft , 2026-08-22
1802 Crimson Sunset Dr
Wolf Ranch
$809,900 $213 4 bd / 4 ba 3,797 sqft , 2025-07-30
533 Alameda Ln
Wolf Ranch
$842,900 $275 4 bd / 5 ba 3,067 sqft , 2026-10-14
1908 Crimson Sunset Dr
Wolf Ranch
$794,900 $222 4 bd / 5 ba 3,580 sqft , 2026-01-22
3300 Double Spur Trl
Wolf Ranch - West Bend
$849,950 $209 5 bd / 5 ba 4,076 sqft , 2026-09-02

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
$3,936/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
$163,980
20% conventional investment loan

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

Estimated Gross Rent+$3,936
Principal + Interest−$4,475
Property Tax (~2.1% TX avg)−$1,435
Insurance (~0.5%)−$342
Est. Monthly Cash Flow $-2,316

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 October 13, 2026.

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