Active Listing  ·  154 days on market

191 Heleakala Dr

Bastrop, TX 78602
$422,000
3 Bed 3 Bath 2,280 sqft $185/sqft Built 2026 0.31 acres 1-Car Garage Pool New Construction Tahitian Village

Seller offering up to $15,000 toward buyer closing costs or an interest rate buydown with an acceptable offer! This move-in-ready new construction home in Tahitian Village offers 3 spacious bedrooms, 2.5 baths, plus a versatile main-floor flex room ideal for buyers wanting a dedicated home office, guest room, playroom, study, or additional sleeping space.

Step inside to a bright, open-concept floor plan with high ceilings, abundant natural light, modern finishes, and comfortable spaces designed for everyday living and entertaining. The spacious kitchen features quartz countertops, an oversized island, ample cabinetry, pantry storage, and generous prep and seating space, all flowing seamlessly into the living and dining areas.

The primary suite is a peaceful retreat with an elegant tray ceiling and ambient lighting. The ensuite bath features dual vanities, a spa-like walk-in shower, separate soaking tub, and generous walk-in closet. Two additional bedrooms provide plenty of room for family, guests, or hobbies.

Outside, enjoy a covered patio and an expansive, completely flat backyard surrounded by mature pine trees—an uncommon find in Tahitian Village. There’s room to entertain, garden, play, let the pets run, or plan for a future pool.

Enjoy the natural beauty of the Lost Pines with convenient access to Downtown Bastrop, Pine Forest Golf Club, Colorado River recreation, Highway 71, and major Central Texas employers including SpaceX, The Boring Company, and Tesla’s Giga Texas.

Modern new construction, flexible living space, a rare flat backyard, and up to $15K in seller concessions—come see what makes this home stand out.

At $185/sqft, this home is 18% 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

191 Heleakala Dr, Bastrop, TX 78602

Property Details

Price $422,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,280 sqft
Lot Size 0.31 acres (13,547.16 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tahitian Village
County Bastrop
Zip Code 78602
$/sqft $185/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $546.78
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT229127257
List Date May 7, 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 →

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 · May 7, 2026 $435,000
Previous ask $430,000
Current ask $422,000
▼ Reduced $13,000 (-3.0%) 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
116 N Pohakea Dr
Tahitian Village,
$420,000 $210 4 bd / 3 ba 2,000 sqft , 2026-08-10
117 Keaau Ct W
Tahitian Village
$419,900 $192 4 bd / 3 ba 2,183 sqft , 2026-02-06
182 Waipahoehoe Dr
Tahitian Village
$425,000 $232 4 bd / 3 ba 1,832 sqft , 2026-05-22
146 Waimanalo Ln
Tahitian Village,
$425,000 $181 4 bd / 3 ba 2,350 sqft , 2026-09-17
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
$2,026/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
$84,400
20% conventional investment loan

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

Estimated Gross Rent+$2,026
Principal + Interest−$2,303
Property Tax (~2.1% TX avg)−$739
Insurance (~0.5%)−$176
Est. Monthly Cash Flow $-1,192

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 4, 2026.

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