Active Listing  ·  42 days on market

139 Waimanalo Dr

Bastrop, TX 78602
$365,000
3 Bed 2 Bath 1,702 sqft $214/sqft Built 2026 0.23 acres 2-Car Garage Pool New Construction tahitian

Completed beautifully custom finished one-story Christopher David Homes on a good size lot with huge backyard* Open living, dining and kitchen with high ceiling* Kitchen with custom paint cabinets and huge center island opens to a nice dining and large living with fireplace and cabinetry and shelves on both side and wall of windows* Large primary bedroom and primary bath with separate shower, double vanities and walk-in closet* Good size secondary bedrooms* Large covered deck overlooking a large backyard* Tile and vinyl flooring, Quartz countertops*Gutters* No HOA fees*$204 annual road fee to water district*

At $214/sqft, this home is 5% 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

139 Waimanalo Dr, Bastrop, TX 78602

Property Details

Price $365,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,702 sqft
Lot Size 0.23 acres (10,018.8 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision tahitian
County Bastrop
Zip Code 78602
$/sqft $214/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT244866050
List Date August 27, 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.

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
104 Kipapa Ct
Tahitian Village,
$365,000 $181 4 bd / 2 ba 2,016 sqft , 2025-11-18
149 Waimanalo Ln
Tahitian Village,
$369,000 $215 3 bd / 2 ba 1,720 sqft , 2026-08-26
107 Keahi Ct
Tahitian Village
$369,990 $203 4 bd / 2 ba 1,823 sqft , 2026-06-26
177 Mokulua Ln
Tahitian Village
$370,000 $180 4 bd / 2 ba 2,052 sqft , 2026-05-07
406 Nene Ln
Tahitian Village,
$359,900 $180 3 bd / 3 ba 1,998 sqft , 2026-05-20

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
$1,752/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
$73,000
20% conventional investment loan

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

Estimated Gross Rent+$1,752
Principal + Interest−$1,992
Property Tax (~2.1% TX avg)−$639
Insurance (~0.5%)−$152
Est. Monthly Cash Flow $-1,031

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 15, 2026.

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