Active Listing  ·  112 days on market

166 Kingswood Dr

Bastrop, TX 78602
$499,900
4 Bed 5 Bath 2,810 sqft $178/sqft Built 2026 0.22 acres 3-Car Garage Pool The Colony

Step from the front porch into the elongated entryway with 12-foot ceilings. French doors open into the private home office. Across the hall, the secondary bedrooms await, each boasting a walk-in closet and full bathroom. Continuing through the main living area, the dining area welcomes you with abundant natural light. The adjacent family room features a striking wall of windows, offering views of the outdoors. The kitchen hosts a commercial 6-burner rangetop, a generous island with built-in seating space, a large walk-in pantry, and provides convenient access to the covered backyard patio. The primary bedroom entrance is embraced by a wall of windows, providing a serene retreat for relaxation. The luxurious primary bathroom features dual vanities, a freestanding tub, a glass-enclosed shower, and two walk-in closets, ensuring ample storage. A guest suite, featuring a walk-in closet and a full bathroom, is located off the main entry, offering comfort and privacy for visitors. The utility room, mudroom, and storage space are conveniently located off the three-car garage.

At $178/sqft, this home is 22% below the Bastrop active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

166 Kingswood Dr, Bastrop, TX 78602

Property Details

Price $499,900
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 2,810 sqft
Lot Size 0.22 acres (9,408.96 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Colony
County Bastrop
Zip Code 78602
$/sqft $178/sqft
Days on Market ,
HOA $1,056.12/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240969222
List Date July 23, 2026
Elementary School Colony Oaks
Middle School Cedar Creek
High School Cedar Creek
School District Bastrop ISD

Bastrop ISD

Colony Oaks · Cedar Creek · 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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 23, 2026 $697,900
Previous ask $524,900
Current ask $499,900
▼ Reduced $198,000 (-28.4%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
311 Maddy Way
The Colony
$499,900 $252 3 bd / 2 ba 1,984 sqft , 2026-10-19
285 Chisholm Trl
The Colony Mud
$499,999 $181 4 bd / 3 ba 2,769 sqft , 2026-09-08
125 William Hersee Dr
The Colony
$502,900 $226 4 bd / 3 ba 2,223 sqft , 2026-11-06
127 Silverbell Ln
The Colony - 50'
$479,900 $192 4 bd / 3 ba 2,497 sqft , 2026-03-27
112 Kildrummy Pass
The Colony
$474,900 $178 4 bd / 4 ba 2,662 sqft , 2026-04-23

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
$2,400/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
$99,980
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,728
Property Tax (assumed ~2.1%)−$875
Insurance (assumed ~0.5%)−$208
Est. Monthly Cash Flow $-1,411

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 November 5, 2026.

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

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