About This Home

Squeaky Clean move in ready! Priced to sell quickly! This custom Gehan-built Palm plan is move-in ready and loaded with upgrades, including an oversized lot, 4th bedroom in lieu of flex space, Executive Package with raised ceilings and 8’ doors, enlarged owner’s walk-in bath with custom tiled shower, and upgraded hardwood floors throughout — no carpet!

Located in the highly desirable The Colony community, this home is just steps from the park, playground, pool, and elementary school. Enjoy incredible neighborhood amenities including pools, dog parks, lake, disc golf, and more, with shopping and restaurants just minutes away.

At $183/sqft, this home is 19% 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

121 Shagbark Trl, Bastrop, TX 78602

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Property Details

Price $359,999

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,970 sqft

Lot Size 0.20 acres (8,755.56 sqft)

Year Built 2023

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision The Colony

County Bastrop

Zip Code 78602

$/sqft $183/sqft

Days on Market ,

HOA $100/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT230952057

List Date May 22, 2026

Elementary School Colony Oaks

Middle School Bastrop

High School Bastrop

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 · May 22, 2026 $389,000

Previous ask $364,900

Current ask $359,999

▼ Reduced $29,001 (-7.5%) 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

132 Coleto Trl
The Colony $359,442 $171 3 bd / 2 ba 2,105 sqft , 2026-10-06

397 San Juan Trl
VALVERDE $360,690 $161 4 bd / 3 ba 2,241 sqft , 2026-08-13

358 Villa Bisono St
VALVERDE $357,490 $160 4 bd / 3 ba 2,241 sqft , 2026-06-30

389 San Juan Trl
VALVERDE $363,490 $162 4 bd / 3 ba 2,241 sqft , 2026-06-03

170 Maravillas Bnd
Colony $345,000 $169 4 bd / 3 ba 2,041 sqft , 2026-05-06

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

$1,728/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

$72,000

20% conventional investment loan

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

Estimated Gross Rent+$1,728

Principal + Interest−$1,965

Property Tax (~2.1% TX avg)−$630

Insurance (~0.5%)−$150

Est. Monthly Cash Flow $-1,017

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 August 19, 2026.

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

121 Shagbark Trl