About This Home

NEW CONSTRUCTION BY ASHTON WOODS! Available November 2026! Designed with comfort and connection in mind, the Georgia makes entertaining effortless with an open kitchen and dining area that flow seamlessly into the spacious family room. The first-floor primary suite offers a private retreat, while the versatile second-floor loft provides additional space for relaxation. We are down to our last opportunities in the Colony subdivision and have excellent financing incentives to help a variety of ways. Don't miss this chance to call the Colony home!

At $161/sqft, this home is 29% below the Bastrop active market average of $227/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

118 Coleto Trl, Bastrop, TX 78602

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Property Details

Price $409,740

Status Active Listing

Beds 4

Full Baths 2

Half Baths 1

Living Area 2,552 sqft

Lot Size 0.13 acres (5,749.92 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision The Colony

County Bastrop

Zip Code 78602

$/sqft $161/sqft

Days on Market ,

HOA $78/Monthly

Annual Tax Est. $110.52

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT243667674

List Date August 16, 2026

Elementary School Colony Oaks

Middle School Cedar Creek

High School Cedar Creek

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 16, 2026 $421,740

Current ask $409,740

▼ Reduced $12,000 (-2.8%) 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

131 Ironbark Bnd
The Colony $407,000 $196 4 bd / 2 ba 2,075 sqft , 2025-10-08

136 Ironbark Bnd
Colony $415,000 $209 3 bd / 2 ba 1,984 sqft , 2026-09-14

112 Salado Creek Trl
The Colony $415,990 $231 4 bd / 2 ba 1,803 sqft , 2026-06-03

128 Smokebush Trl
The Colony $400,000 $180 4 bd / 3 ba 2,226 sqft , 2026-03-18

267 Maddy Way
The Colony $399,900 $202 3 bd / 3 ba 1,984 sqft , 2026-07-18

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

$1,967/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

$81,948

20% conventional investment loan

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

Estimated Gross Rent+$1,967

Principal + Interest−$2,236

Property Tax (~2.1% TX avg)−$717

Insurance (~0.5%)−$171

Est. Monthly Cash Flow $-1,157

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 September 14, 2026.

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

118 Coleto Trl