About This Home

NEW CONSTRUCTION BY ASHTON WOODS! Available December 2026! The Cheyenne II welcomes you with a striking, elongated entryway that opens to an expansive gourmet kitchen, dining area and spacious family room. With generous windows throughout, natural light floods the home creating a bright and airy atmosphere. Whether you're entertaining or relaxing, this thoughtfully designed layout offers the perfect blend of style, comfort and functionality. This home features the Ashton Woods Artisan Design Collection. Representative images and renderings are for illustrative purposes. Actual structural options and design finishes of home may vary.

At $171/sqft, this home is 24% 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

132 Coleto Trl, Bastrop, TX 78602

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Property Details

Price $359,442

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 2,105 sqft

Lot Size 0.19 acres (8,276.4 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision The Colony

County Bastrop

Zip Code 78602

$/sqft $171/sqft

Days on Market ,

HOA $78/Monthly

Annual Tax Est. $156.24

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT249016266

List Date October 6, 2026

Elementary School Colony Oaks

Middle School Cedar Creek

High School Cedar Creek

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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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

121 Shagbark Trl
The Colony $359,999 $183 4 bd / 2 ba 1,970 sqft , 2026-05-22

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

190 Frontera Dr
Del Webb Lost Pines at The Colony $377,590 $162 3 bd / 3 ba 2,326 sqft , 2026-01-23

204 Frontera Dr
Del Webb Lost Pines at The Colony $339,690 $242 2 bd / 2 ba 1,403 sqft , 2026-08-17

118 Millsaps Ct
The Colony Mud $335,000 $185 3 bd / 2 ba 1,808 sqft , 2026-09-24

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

$1,725/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

$71,888

20% conventional investment loan

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

Estimated Gross Rent+$1,725

Principal + Interest−$1,962

Property Tax (~2.1% TX avg)−$629

Insurance (~0.5%)−$150

Est. Monthly Cash Flow $-1,016

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 October 7, 2026.

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

132 Coleto Trl

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Bastrop, TX

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