About This Home

Welcome to this beautifully crafted new construction home in Tahitian Village! Offering 4 bedrooms, 2.5 bathrooms, and modern finishes throughout, this home blends style, comfort, and functionality. Enjoy an open-concept layout, a spacious primary suite with a spa-inspired bath, and a peaceful wooded setting. Conveniently located just minutes from Historic Downtown Bastrop, H-E-B, shopping, dining, and with easy access to Hwy 71, making commutes to Tesla, Austin-Bergstrom Airport, and Downtown Austin a breeze. Tahitian Village has a Property Owners Association with no annual POA dues. Buyers are encouraged to review the POA website for community information and deed restrictions.

At $201/sqft, this home is 11% below the Bastrop active market average of $226/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

103 Waikakaaua Dr, Bastrop, TX 78602

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Property Details

Price $399,999

Status Active Listing

Beds 4

Full Baths 2

Half Baths 1

Living Area 1,986 sqft

Lot Size 0.36 acres (15,594.48 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Tahitian Village,

County Bastrop

Zip Code 78602

$/sqft $201/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $1,055.66

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT241466006

List Date August 6, 2026

Elementary School Bluebonnet (Bastrop ISD)

Middle School Bastrop

High School Bastrop

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Bastrop 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 · August 6, 2026 $410,000

Previous ask $405,000

Current ask $399,999

▼ Reduced $10,001 (-2.4%) 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 Bastrop

Comparable Listings Right Now

Homes currently for sale in Bastrop 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

145 Haliimaile Ln
Tahitian Village, $399,999 $201 3 bd / 3 ba 1,990 sqft , 2026-03-18

167 Puu Waa Waa Ln
Tahitian Village, $399,999 $230 3 bd / 2 ba 1,737 sqft , 2026-04-09

120 Waianae Ct
Tahitian Village, $398,500 $230 3 bd / 2 ba 1,733 sqft , 2026-07-23

104 Swift Water Loop
Pecan Park Residential Sec 5B $395,000 $168 3 bd / 2 ba 2,358 sqft , 2026-08-11

337 Nene Ln
Tahitian Village, $407,000 $198 3 bd / 3 ba 2,051 sqft , 2026-07-17

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

$1,920/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

$80,000

20% conventional investment loan

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

Estimated Gross Rent+$1,920

Principal + Interest−$2,183

Property Tax (~2.1% TX avg)−$700

Insurance (~0.5%)−$167

Est. Monthly Cash Flow $-1,130

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 Bastrop, TX

Bastrop sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

About the Author

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 4, 2026.

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

103 Waikakaaua Dr