Active Listing  ·  21 days on market

189 Waikakaaua Dr

Bastrop, TX 78602
$343,800
3 Bed 2 Bath 1,526 sqft $225/sqft Built 2021 0.25 acres 2-Car Garage Pool Tahitian Village

189 Waikakaaua Drive is an inviting 3-bedroom, 2-bath home surrounded by mature trees in Tahitian Village. Built in 2021, this single-story home offers approximately 1,526 square feet and an attached two-car garage. Warm curb appeal introduces a bright, open-concept layout connecting the kitchen, dining area, and living room. The kitchen features an expansive island with seating, abundant shaker-style cabinetry, stone-look countertops, a classic subway-tile backsplash, stainless-steel appliances, and generous workspace and storage. Wood-look flooring adds warmth and easy-care style throughout the main living areas. The bathrooms continue the home’s coordinated design with attractive cabinetry and countertops, including a spacious walk-in shower with a distinctive pebble-style floor. A covered front porch welcomes you home, while the covered rear patio offers a comfortable place to relax overlooking the backyard. The wooded backyard offers mature trees, fencing, room for gardening and outdoor activities, and a convenient storage building for tools or recreational gear. Water service is provided by Bastrop County Water Control and Improvement District No. 2 (BCWCID No. 2).

At $225/sqft, this home is priced in line with the Bastrop market average of $226/sqft across 354 active listings. View Austin market report →

Location

189 Waikakaaua Dr, Bastrop, TX 78602

Property Details

Price $343,800
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,526 sqft
Lot Size 0.25 acres (10,846.44 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tahitian Village
County Bastrop
Zip Code 78602
$/sqft $225/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,721.16
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246477567
List Date September 17, 2026
Elementary School Emile
Middle School Riverside
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
354 Lamaloa Ln
Tahitian Village,
$349,500 $208 3 bd / 3 ba 1,682 sqft , 2026-09-18
134 Laumaia Ln
Tahitian Village,
$349,900 $279 3 bd / 2 ba 1,256 sqft , 2025-12-12
134 Edgewater Trl
Pecan Park Residential Sec
$350,000 $199 3 bd / 2 ba 1,755 sqft , 2026-05-27
115 Mokulua Ln
Tahitian Village
$358,950 $217 3 bd / 2 ba 1,654 sqft , 2026-05-23
406 Nene Ln
Tahitian Village,
$359,900 $180 3 bd / 3 ba 1,998 sqft , 2026-05-20

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
$1,650/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
$68,760
20% conventional investment loan

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

Estimated Gross Rent+$1,650
Principal + Interest−$1,876
Property Tax (~2.1% TX avg)−$602
Insurance (~0.5%)−$143
Est. Monthly Cash Flow $-971

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 October 1, 2026.

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