Active Listing  ·  164 days on market

127 Maravillas Creek Ln

Bastrop, TX 78602
$481,990
4 Bed 3 Bath 2,436 sqft $198/sqft Built 2026 0.25 acres 3-Car Garage Pool New Construction The Colony

The Cameron plan is a beautifully designed one-story home offering approximately 2,436 square feet of living space. This thoughtfully laid-out floor plan features four bedrooms, three full bathrooms, a luxurious primary suite with a spa-inspired bathroom. Additional highlights include a covered patio and a three-bay garage. Situated on a home site facing West, this home combines comfort with functionality. The spacious kitchen is equipped with built-in stainless-steel appliances, quartz counter tops, 42-inch upper cabinets, creating an ideal space for both everyday living and entertaining. Hard-surface flooring extends throughout the main living areas, with tile in the bathrooms and plush carpet in the bedrooms. Quality construction details include 10-foot ceilings, 8-foot doors throughout, a tankless water heater, and numerous additional upgrades that enhance both style and performance.

At $198/sqft, this home is 14% below the Bastrop active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

127 Maravillas Creek Ln, Bastrop, TX 78602

Property Details

Price $481,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,436 sqft
Lot Size 0.25 acres (10,890 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Colony
County Bastrop
Zip Code 78602
$/sqft $198/sqft
Days on Market ,
HOA $88/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT232169497
List Date June 1, 2026
Elementary School Colony Oaks
Middle School Bastrop
High School Bastrop
School District Bastrop ISD

Bastrop ISD

Colony Oaks · Bastrop · Bastrop

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 1, 2026 $521,990
Previous ask $501,990
Current ask $481,990
▼ Reduced $40,000 (-7.7%) 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
130 Big Pine Creek Ln
The Colony
$485,990 $192 4 bd / 4 ba 2,536 sqft , 2026-05-13
166 Salado Creek Trl
Colony Mud 1C Sec 4
$475,000 $187 4 bd / 3 ba 2,535 sqft , 2026-04-14
167 Salado Creek Trl
The Colony
$466,990 $179 4 bd / 3 ba 2,608 sqft , 2026-05-11
105 Salado Creek Trl
The Colony
$519,900 $179 5 bd / 4 ba 2,903 sqft , 2026-07-06
120 Salado Creek Trl
The Colony
$424,990 $182 4 bd / 3 ba 2,331 sqft , 2026-06-02

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
$2,314/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
$96,398
20% conventional investment loan

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

Estimated Gross Rent+$2,314
Principal + Interest−$2,630
Property Tax (assumed ~2.1%)−$843
Insurance (assumed ~0.5%)−$201
Est. Monthly Cash Flow $-1,360

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 · 41 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. The written content was last updated on November 10, 2026.

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

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