Active Listing  ·  198 days on market

128 Smokebush Trl

Bastrop, TX 78602
$400,000
4 Bed 3 Bath 2,226 sqft $180/sqft Built 2021 0.18 acres 2-Car Garage Pool The Colony

4 bedrooms + 2 bonus rooms can be converted into bedrooms. 3 full bathrooms. 2,226 sqft, 2021 built

Explore contemporary living in the vibrant heart of The Colony, one of Bastrop's most desirable neighborhoods, with this exquisite 2021-built home. This property spans 2,226 sqft and features 4 elegantly designed bedrooms, plus 2 versatile bonus rooms, and 3 full bathrooms, offering a perfect mix of luxury and practicality.

Key Features:

- Modern Design: Constructed in 2021, the residence showcases a sleek, contemporary architectural style with top-notch finishes.

- Spacious Living: The home's 2,226 sqft layout includes four bedrooms and two additional rooms that can serve various purposes such as a home office, guest room, playroom, gym, craft space, or man cave.

- Bathroom Excellence: Each of the three bathrooms is equipped with modern fixtures and exquisite details.

- Community Amenities: Located within walking distance to several of the neighborhood's playgrounds and pools, providing ample recreational opportunities.

- Future Clubhouse: Positioned directly across from the future site of the community clubhouse.

- Prime Location: Situated in The Colony, noted for its peaceful environment and strong community spirit.

- Embrace the Lifestyle: Living in The Colony means more than just owning a property; it's about adopting a lifestyle that cherishes tranquility, community, and convenience.

- 128 Smokebush Trail: More than just an address, it’s your chance to secure a piece of paradise in Bastrop.

Don’t miss out on this exceptional opportunity to enjoy a blend of serene lifestyle and modern comforts at 128 Smokebush Trail, your new haven in Bastrop!

At $180/sqft, this home is 21% 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

128 Smokebush Trl, Bastrop, TX 78602

Property Details

Price $400,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,226 sqft
Lot Size 0.18 acres (7,971.48 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Colony
County Bastrop
Zip Code 78602
$/sqft $180/sqft
Days on Market ,
HOA $73.22/Monthly
Annual Tax Est. $10,058.95
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222941823
List Date March 18, 2026
Elementary School Colony Oaks
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.

Schedule a Call →

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
112 Chinaberry Bnd
Colony Mud 1B Sec 1
$395,999 $193 4 bd / 3 ba 2,049 sqft , 2026-05-13
131 Ironbark Bnd
The Colony
$407,000 $196 4 bd / 2 ba 2,075 sqft , 2025-10-08
112 Rosemary Ct
The Colony
$391,400 $197 3 bd / 2 ba 1,984 sqft , 2025-05-30
118 Coleto Trl
The Colony
$409,740 $161 4 bd / 3 ba 2,552 sqft , 2026-08-16
136 Ironbark Bnd
Colony
$415,000 $209 3 bd / 2 ba 1,984 sqft , 2026-09-14

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
$1,920/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
$80,000
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,183
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,130

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 April 19, 2026.

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