Active Listing  ·  21 days on market

150 Waimanalo Ln

Bastrop, TX 78602
$389,000
4 Bed 2 Bath 1,835 sqft $212/sqft Built 2026 0.24 acres 2-Car Garage Pool New Construction Tahitian Village,

Beautiful, completed one story Christopher David Homes with 4 Large bedrooms and many custom features on a level treed lot* Open living, dining and kitchen* living has built-in electric fireplace with beautiful woodwork, shelves and cabinets* kitchen with center island and stainless-steel appliances*Range has double oven* large primary bedroom and bath with huge walk-in shower, double vanities and walk-in closet* great size secondary bedrooms*Large covered patio to enjoy the private backyard* Wood floors throughout* Tiled floors in kitchen, baths and laundry*Quartz countertops*tons of recessed lighting* under cabinet lights*Gutters* Epoxy finished garage floor and much more *No HOA* $214 annual road fee to water district*

At $212/sqft, this home is 6% 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

150 Waimanalo Ln, Bastrop, TX 78602

Property Details

Price $389,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,835 sqft
Lot Size 0.24 acres (10,454.4 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tahitian Village,
County Bastrop
Zip Code 78602
$/sqft $212/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $870.89
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT246737426
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.

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 Waimanalo Ln
Tahitian Village
$389,000 $207 4 bd / 2 ba 1,878 sqft , 2026-08-20
140 Heleakala Dr
Tahitian Village
$389,000 $214 4 bd / 2 ba 1,820 sqft , 2026-08-21
137 E Pauwela Ln
Tahitian Village,
$389,900 $215 4 bd / 2 ba 1,810 sqft , 2026-05-11
108 Keahi Ct
Tahitian Village
$389,900 $206 4 bd / 2 ba 1,889 sqft , 2026-08-12
133 Koele Ct
Tahitian Village,
$379,900 $198 3 bd / 3 ba 1,915 sqft , 2026-09-05

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
$1,867/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
$77,800
20% conventional investment loan

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

Estimated Gross Rent+$1,867
Principal + Interest−$2,123
Property Tax (~2.1% TX avg)−$681
Insurance (~0.5%)−$162
Est. Monthly Cash Flow $-1,099

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 21, 2026.

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