Active Listing  ·  77 days on market

120 Waianae Ct

Bastrop, TX 78602
$398,500
3 Bed 2 Bath 1,733 sqft $230/sqft Built 2018 0.53 acres 2-Car Garage Pool Tahitian Village,

*SEE ATTACHED FEATURES in documents Sitting on a half an acre in Tahitian Village, this single-story home gives you plenty of space inside, outside, and even a studio/she shed/man cave in the backyard. Built in 2018 and incredibly well kept, this home feels warm and inviting from the start, with a covered front porch, mature trees, and a manicured lawn. Inside, durable epoxy coated floors run throughout the home, while high ceilings and plenty of windows keep everything feeling bright and open. The living room, kitchen, and dining area all come together under vaulted ceilings, creating one large main space with plenty of flexibility. The kitchen features granite countertops, SS appliances, and a center island with space for seating. The spacious primary has its own ensuite bath and walk-in closet. Two secondary bedrooms and full guest bathroom give you options for guest rooms, an office, or whatever works for your lifestyle. Out back, you really get a sense of just how much space this property offers. A covered porch opens to a massive, fully fenced yard with mature trees, wide stretches of open lawn, and enough space to make it your own. Enjoy it exactly as it is, or start dreaming up a pool, outdoor kitchen or play space down the road. A long paver walkway leads across the yard to a 14x28 finished, climate-controlled backyard studio with lighting, windows, durable flooring, a corrugated metal ceiling, and a energy efficient window AC/heat unit. It could easily become a home office, gym or ULTIMATE game room.Tahitian Village is known for its wooded landscape,rolling terrain,wildlife, and proximity to the Colorado River and Pine Forest Golf Club. River access is approximately 1.6 miles away, and downtown Bastrop’s restaurants, shops, etc. close by. Quick access to Highway 71, Austin,Tesla,SpaceX and other area destinations are also within an easy commute.Don’t miss your chance to have a little more land, a lot more backyard, and the convenience of Bastrop close by.

At $230/sqft, this home is priced in line with the Bastrop market average of $226/sqft across 354 active listings. View Austin market report →

Location

120 Waianae Ct, Bastrop, TX 78602

Property Details

Price $398,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,733 sqft
Lot Size 0.53 acres (22,869 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tahitian Village,
County Bastrop
Zip Code 78602
$/sqft $230/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,587.17
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238706338
List Date July 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 · July 23, 2026 $419,000
Previous ask $400,000
Current ask $398,500
▼ Reduced $20,500 (-4.9%) 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
103 Waikakaaua Dr
Tahitian Village,
$399,999 $201 4 bd / 3 ba 1,986 sqft , 2026-08-06
337 Nene Ln
Tahitian Village,
$407,000 $198 3 bd / 3 ba 2,051 sqft , 2026-07-17
137 E Pauwela Ln
Tahitian Village,
$389,900 $215 4 bd / 2 ba 1,810 sqft , 2026-05-11

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
$1,913/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
$79,700
20% conventional investment loan

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

Estimated Gross Rent+$1,913
Principal + Interest−$2,175
Property Tax (~2.1% TX avg)−$697
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,125

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 9, 2026.

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