Active Listing  ·  21 days on market

146 Waimanalo Ln

Bastrop, TX 78602
$425,000
4 Bed 3 Bath 2,350 sqft $181/sqft Built 2026 0.25 acres 2-Car Garage Pool New Construction Tahitian Village,

This exceptional new construction home—crafted by local, award-winning builder Christopher David Homes. Step inside to a bright, open-concept living space where the living room seamlessly connects to the kitchen and dining area—perfect for both everyday living and entertaining. An upstairs bonus room provides options: office, or media / game room.

A standout feature is the cabinetry, drawers, and elegant quartz countertops, mirroring the upscale finishes found throughout the kitchen and bathrooms. The home features durable and stylish luxury vinyl plank flooring and tile for easy maintenance. The chef’s kitchen is equipped with upgraded stainless-steel appliances, including a cooktop, built-in oven, and dishwasher. Additional highlights include a generously sized pantry, a spacious laundry room, and well-proportioned guest bedrooms with ample closet space. Designed with privacy in mind, the “mother -in-law” floor plan offers separation between the primary suite and guest rooms. The spacious primary bedroom includes a large walk-in closet and a spa-inspired bathroom with double vanities, a soaking tub, and a walk-in shower. Only minutes to historic downtown Bastrop for fine and casual dining, shopping live music, etc. Only 15 minutes to Starlink, SpaceX, Boring Co., and 25 minutes to TESLA and ABIA.

At $181/sqft, this home is 20% 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

146 Waimanalo Ln, Bastrop, TX 78602

Property Details

Price $425,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,350 sqft
Lot Size 0.25 acres (10,802.88 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tahitian Village,
County Bastrop
Zip Code 78602
$/sqft $181/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $887.09
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT245245144
List Date September 17, 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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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
182 Waipahoehoe Dr
Tahitian Village
$425,000 $232 4 bd / 3 ba 1,832 sqft , 2026-05-22
191 Heleakala Dr
Tahitian Village
$422,000 $185 3 bd / 3 ba 2,280 sqft , 2026-05-07
103 Waianae Ct
Tahitian Village
$429,900 $233 4 bd / 3 ba 1,847 sqft , 2026-07-29
117 Keaau Ct W
Tahitian Village
$419,900 $192 4 bd / 3 ba 2,183 sqft , 2026-02-06
334 Nene Ln
Tahitian Village,
$435,000 $217 3 bd / 2 ba 2,006 sqft , 2026-08-06

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
$2,040/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
$85,000
20% conventional investment loan

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

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (~2.1% TX avg)−$744
Insurance (~0.5%)−$177
Est. Monthly Cash Flow $-1,200

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 28, 2026.

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