Active Listing  ·  139 days on market

182 Waipahoehoe Dr

Bastrop, TX 78602
$425,000
4 Bed 3 Bath 1,832 sqft $232/sqft Built 2017 0.48 acres 2-Car Garage Pool Tahitian Village

Set on a large 0.476-acre lot backing to a serene greenbelt, this beautiful home offers peaceful privacy and easy access to hiking trails with your own private gate to the trails. Just a short walk from the Colorado River, you’ll love having fishing, kayaking, and the natural beauty of Bastrop right at your fingertips. Framed by mature trees, the home welcomes you inside with an open floor plan filled with abundant natural light and rustic concrete floors throughout. The inviting living room features a cozy fireplace and flows seamlessly into the dining area and kitchen, complete with granite countertops, abundant crisp white cabinetry with under-cabinet lighting, a classic subway tile backsplash, and stainless steel appliances. The spacious primary suite offers direct access to the patio, a walk-in closet, and an ensuite bath with a dual vanity, soaking tub, and separate frameless glass shower. Three additional bedrooms, each with its own walk-in closet, provide wonderful flexibility for guests, a home office, or hobbies. One secondary bedroom features its own ensuite bath, while the other two share a full bath. Outside, the expansive fenced backyard is designed for enjoying the setting, with an extra-large patio overlooking peaceful greenbelt views, plenty of space to roam, and endless potential to create your dream backyard oasis. Ideally located near shopping, dining, recreation, and everyday essentials including hospitals, H-E-B, and Walmart, with easy access to Hwy 71, this home offers the perfect blend of comfort, nature, and convenience.

At $232/sqft, this home is priced 3% above the Bastrop active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

182 Waipahoehoe Dr, Bastrop, TX 78602

Property Details

Price $425,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 1,832 sqft
Lot Size 0.48 acres (20,734.56 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tahitian Village
County Bastrop
Zip Code 78602
$/sqft $232/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,636.66
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230923845
List Date May 22, 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
129 Haliimaile Ln
Tahitian Village,
$425,000 $279 3 bd / 2 ba 1,522 sqft , 2026-04-16
146 Waimanalo Ln
Tahitian Village,
$425,000 $181 4 bd / 3 ba 2,350 sqft , 2026-09-17
191 Heleakala Dr
Tahitian Village
$422,000 $185 3 bd / 3 ba 2,280 sqft , 2026-05-07
141 Upola Ct
Tahitian Village,
$429,000 $238 3 bd / 2 ba 1,805 sqft , 2026-07-24
103 Waianae Ct
Tahitian Village
$429,900 $233 4 bd / 3 ba 1,847 sqft , 2026-07-29

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 July 20, 2026.

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