About This Home

absolutely beautiful Custom Christopher David Homes with Stucco exterior and custom interior features* walk into the amazing open living, dining and kitchen with high sloped ceiling*Livingroom has wall of built in cabinets and built-in modern fireplace and beautiful mantle* kitchen with high ceilings and huge center island*Primary bedroom and bath with high ceilings, walk-in closet, double vanities and beautiful walk-in shower* Large covered patio and level backyard to enjoy* Custom painted cabinets*8 foot doors and high ceilings throughout*Quartz countertops* Laminate and tiled flooring*Gutters*Epoxy finished garage floor* No HOA* $204 annual road fee to water district*

At $215/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

149 Waimanalo Ln, Bastrop, TX 78602

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $369,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,720 sqft

Lot Size 0.23 acres (10,193.04 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Tahitian Village,

County Bastrop

Zip Code 78602

$/sqft $215/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $857.76

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT244474453

List Date August 26, 2026

Elementary School Emile

Middle School Bastrop

High School Bastrop

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.

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

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

104 Kipapa Ct
Tahitian Village, $365,000 $181 4 bd / 2 ba 2,016 sqft , 2025-11-18

139 Waimanalo Dr
tahitian $365,000 $214 3 bd / 2 ba 1,702 sqft , 2026-08-27

113 Mokulua Ln
Tahitian Village, $377,000 $187 4 bd / 2 ba 2,016 sqft , 2026-05-17

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

$1,771/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

$73,800

20% conventional investment loan

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

Estimated Gross Rent+$1,771

Principal + Interest−$2,014

Property Tax (~2.1% TX avg)−$646

Insurance (~0.5%)−$154

Est. Monthly Cash Flow $-1,043

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 September 15, 2026.

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

149 Waimanalo Ln

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Bastrop, TX

More Luxury Homes in Bastrop

Explore Austin Real Estate