Active Listing  ·  27 days on market

132 William Hersee Dr

Bastrop, TX 78602
$463,900
3 Bed 2 Bath 1,616 sqft $287/sqft Built 2026 0.23 acres 2-Car Garage Pool New Construction The Colony

Designed with you in mind, the Alden plan at The Colony features 3 spacious bedrooms, including an unparalleled master suite, two full baths, an expansive family room leading into a kitchen created for cooking connoisseurs, and more. An extensive back patio creates a space for outdoor dinners with your family and friends under the stars. With the finest finishes and designer touchers, the Alden is sure to enhance every aspect of your lifestyle.

At $287/sqft, this home is priced 25% above the Bastrop active market average of $229/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

132 William Hersee Dr, Bastrop, TX 78602

Property Details

Price $463,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,616 sqft
Lot Size 0.23 acres (9,844.56 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Colony
County Bastrop
Zip Code 78602
$/sqft $287/sqft
Days on Market ,
HOA $163.24/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT250076021
List Date October 16, 2026
Elementary School Colony Oaks
Middle School Creekside
High School Cedar Creek
School District Bastrop ISD

Bastrop ISD

Colony Oaks · Creekside · Cedar Creek

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
145 William Hersee Dr
The Colony
$458,900 $284 3 bd / 2 ba 1,616 sqft , 2026-11-05
210 Silverbell Ln
The Colony - 50'
$449,900 $220 3 bd / 2 ba 2,045 sqft , 2026-01-20
142 Kildrummy Pass
The Colony
$449,900 $206 3 bd / 3 ba 2,180 sqft , 2026-09-28
126 Kildrummy Pass
The Colony
$449,900 $207 4 bd / 3 ba 2,169 sqft , 2026-09-28
311 Maddy Way
The Colony
$499,900 $252 3 bd / 2 ba 1,984 sqft , 2026-10-19

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
$2,227/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
$92,780
20% conventional investment loan

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

Estimated Gross Rent+$2,227
Principal + Interest−$2,532
Property Tax (assumed ~2.1%)−$812
Insurance (assumed ~0.5%)−$193
Est. Monthly Cash Flow $-1,310

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 October 17, 2026.

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

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