Active Listing  ·  49 days on market

104 Waimanalo Ln

Bastrop, TX 78602
$389,000
4 Bed 2 Bath 1,878 sqft $207/sqft Built 2026 0.39 acres 2-Car Garage Pool New Construction Tahitian Village

This spacious home has four bedrooms, walk-in closets, and a kitchen with a pantry, an island, and plenty of cabinets. There may be enough room in the backyard for a workshop, shed, or an outdoor sitting area. This home is found in a unique community that has plenty of trees, deer, and other wildlife. Stores, parks, restaurants, and the river are also in proximity. Take a look and see if this can be your new home.

At $207/sqft, this home is 8% 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

104 Waimanalo Ln, Bastrop, TX 78602

Property Details

Price $389,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,878 sqft
Lot Size 0.39 acres (16,988.4 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tahitian Village
County Bastrop
Zip Code 78602
$/sqft $207/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT243786924
List Date August 20, 2026
Elementary School Emile
Middle School Riverside
High School Bastrop
School District ,

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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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
140 Heleakala Dr
Tahitian Village
$389,000 $214 4 bd / 2 ba 1,820 sqft , 2026-08-21
150 Waimanalo Ln
Tahitian Village,
$389,000 $212 4 bd / 2 ba 1,835 sqft , 2026-09-17
137 E Pauwela Ln
Tahitian Village,
$389,900 $215 4 bd / 2 ba 1,810 sqft , 2026-05-11
108 Keahi Ct
Tahitian Village
$389,900 $206 4 bd / 2 ba 1,889 sqft , 2026-08-12
104 Swift Water Loop
Pecan Park Residential Sec 5B
$395,000 $168 3 bd / 2 ba 2,358 sqft , 2026-08-11

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 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

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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 1, 2026.

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