Active Listing  ·  111 days on market

112 Mahalua Ln

Bastrop, TX 78602
$349,500
3 Bed 2 Bath 1,454 sqft $240/sqft Built 1985 0.27 acres 2-Car Garage Pool Tahitian Village,

Beautifully maintained rock home featuring quality construction and numerous upgrades throughout. The spacious open-concept living area boasts vaulted ceilings, solar tubes that fill the home with natural light, a built-in wet bar, and a cozy fireplace. The kitchen and dining area feature large windows and French doors that open to a generously sized fenced backyard complete with planting beds, walkways, and a garden shed. The kitchen offers abundant cabinet space, a large pantry, and all appliances convey. Both bathrooms have been tastefully updated with modern walk-in showers. Conveniently located with easy access to Highway 71 and just minutes from downtown Bastrop. Enjoy the perfect blend of small-town charm and big-city convenience, with Tesla's Gigafactory approximately 20 miles away and Austin-Bergstrom International Airport approximately 28 miles away. This home offers comfort, functionality, and an ideal Central Texas location for commuters, travelers, and anyone looking to enjoy all that Bastrop has to offer.

At $240/sqft, this home is priced 6% above the Bastrop active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

112 Mahalua Ln, Bastrop, TX 78602

Property Details

Price $349,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,454 sqft
Lot Size 0.27 acres (11,586.96 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tahitian Village,
County Bastrop
Zip Code 78602
$/sqft $240/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,964.91
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236311001
List Date June 19, 2026
Elementary School Emile
Middle School Bastrop
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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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 · June 19, 2026 $369,000
Previous ask $359,900
Current ask $349,500
▼ Reduced $19,500 (-5.3%) 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
220 Tahitian Dr
Tahitian Village
$359,999 $194 3 bd / 3 ba 1,860 sqft , 2026-07-31
157 Tahitian Dr
Tahitian Village,
$329,900 $169 3 bd / 3 ba 1,948 sqft , 2026-09-17
113 Lei Ct
Tahitian Village, Unit 1
$325,000 $192 3 bd / 2 ba 1,690 sqft , 2026-09-08
106 Kaapahu Dr
Tahitian Village,
$385,000 $212 3 bd / 2 ba 1,820 sqft , 2026-08-12
140 Heleakala Dr
Tahitian Village
$389,000 $214 4 bd / 2 ba 1,820 sqft , 2026-08-21

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
$1,678/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
$69,900
20% conventional investment loan

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

Estimated Gross Rent+$1,678
Principal + Interest−$1,907
Property Tax (~2.1% TX avg)−$612
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-987

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 August 14, 2026.

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