Active Listing  ·  170 days on market

128 Kaupo Dr

Bastrop, TX 78602
$450,000
4 Bed 3 Bath 2,704 sqft $166/sqft Built 2003 1.91 acres Pool Tahitian Village Unit 02

Don’t miss this rare beauty in Tahitian Village offering amazing panoramic views located on a hilltop overlooking the old Golf Course. This home sits on almost 2 acres of private wooded land. There are several balconies with fantastic Views all around. There are 3 LEVELS – Primary Bedroom is upstairs with a View Through fireplace, a copper tub so you can soak by the fire plus a Loft area. Primary Bathroom has copper sinks and a walk-in shower. The Living area is on the main floor. The living room has wood beam vaulted ceilings a large brick fireplace, a wraparound balcony and large windows for breathtaking views. The gourmet kitchen has a gas stove top, an island with an additional sink, double ovens, an abundance of cabinets and a dining area with floor to ceiling windows and another balcony. There is an office or additional bedroom off the dining area. There are two large bedrooms downstairs that share a Jack and Jill bathroom.

At $166/sqft, this home is 27% 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

128 Kaupo Dr, Bastrop, TX 78602

Property Details

Price $450,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,704 sqft
Lot Size 1.91 acres (83,199.6 sqft)
Year Built 2003
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Tahitian Village Unit 02
County Bastrop
Zip Code 78602
$/sqft $166/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227163117
List Date April 21, 2026
Elementary School Emile
Middle School Bastrop
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 · April 21, 2026 $525,000
Previous ask $499,000
Current ask $450,000
▼ Reduced $75,000 (-14.3%) 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
273 Tahitian Dr
Tahitian Village
$450,000 $168 3 bd / 3 ba 2,673 sqft , 2025-12-22
138 Papawai Dr
Tahitian Village
$450,000 $167 3 bd / 3 ba 2,700 sqft , 2026-06-26
117 W Kamoi Ct
Tahitian Village
$457,000 $216 3 bd / 3 ba 2,118 sqft , 2026-09-03
180 Kaanapali Ln
Tahitian Village,
$439,500 $203 4 bd / 4 ba 2,165 sqft , 2026-05-28
116 N Pohakea Dr
Tahitian Village,
$420,000 $210 4 bd / 3 ba 2,000 sqft , 2026-08-10

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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 →