Active Listing  ·  138 days on market

115 Mokulua Ln

Bastrop, TX 78602
$358,950
3 Bed 2 Bath 1,654 sqft $217/sqft Built 2015 0.49 acres 2-Car Garage Pool Tahitian Village

Let's Make a Deal! Situated on a wooded .49 acre lot with privacy, this one-story home offers the opportunity for an exceptional lifestyle. This home greets you with a lovely low-fenced front courtyard and a welcoming covered front patio. It's a perfect spot for morning coffee or an evening aperitif. With vaulted ceilings in the living area, an open floor plan, the ambiance and feeling of comfort are real. The kitchen features warm wood cabinetry with an oversized island breakfast bar, perfect for hosting or quick bites. The primary suite is well-positioned at the rear of the home with good separation from the additional two bedrooms for privacy and tranquility. The primary bathroom features a dual vanity, walk-in shower and large walk-in closet. The secondary bedrooms are generously proportioned for family or friends or to create an office space.

The expansive covered patio provides additional opportunity for relaxation or outdoor entertaining, overlooking your private fenced backyard oasis. Explore your green thumb and create a wonderful kitchen or flower garden. Yard area can be expanded as the current fenced area is well within the almost 1/2 acre property lines. Lots of room to grow! The storage shed is perfect for tucking away all the gardening and hobby tools.

This property offers a unique blend of country ambience and proximity to the bustling urban environment of Bastrop, Bastrop State Park, and more, while providing convenient access to Highways 71 and 95 for effortless navigation to ABIA and Austin. It's a perfect spot to call home. ATT Fiber NOW Available!

At $217/sqft, this home is 4% 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

115 Mokulua Ln, Bastrop, TX 78602

Property Details

Price $358,950
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,654 sqft
Lot Size 0.49 acres (21,300.84 sqft)
Year Built 2015
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tahitian Village
County Bastrop
Zip Code 78602
$/sqft $217/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,391.84
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230086023
List Date May 23, 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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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 · May 23, 2026 $375,000
Previous ask $359,000
Current ask $358,950
▼ Reduced $16,050 (-4.3%) 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
406 Nene Ln
Tahitian Village,
$359,900 $180 3 bd / 3 ba 1,998 sqft , 2026-05-20
104 Kipapa Ct
Tahitian Village,
$365,000 $181 4 bd / 2 ba 2,016 sqft , 2025-11-18
139 Waimanalo Dr
tahitian
$365,000 $214 3 bd / 2 ba 1,702 sqft , 2026-08-27
134 Edgewater Trl
Pecan Park Residential Sec
$350,000 $199 3 bd / 2 ba 1,755 sqft , 2026-05-27
280 Rimrock Ct
Rivers Bend at Pecan Park
$349,999 $159 3 bd / 3 ba 2,202 sqft , 2026-10-02

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
$1,723/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
$71,790
20% conventional investment loan

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

Estimated Gross Rent+$1,723
Principal + Interest−$1,959
Property Tax (~2.1% TX avg)−$628
Insurance (~0.5%)−$150
Est. Monthly Cash Flow $-1,014

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 September 25, 2026.

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