Active Listing  ·  208 days on market

203 Wagon Way None

Bastrop, TX 78602
$549,500
3 Bed 3 Bath 2,532 sqft $217/sqft Built 2007 1.22 acres 3-Car Garage Pool The Colony

Welcome to life in The Colony, one of Bastrop’s premier master-planned communities where the beauty of the Lost Pines, the nearby Colorado River, and exceptional neighborhood amenities create a truly special place to call home. Set on an oversized 1.22-acre lot, this beautifully maintained single-story home offers the space, privacy, and lifestyle buyers are looking for.

From the moment you arrive, the timeless white stone exterior, manicured landscaping, and inviting curb appeal make a lasting impression. Inside, the home feels warm and welcoming with a layout designed for comfortable everyday living and easy entertaining. Step outside to the covered back patio, ideal for morning coffee, weekend gatherings, or relaxing evenings overlooking the large backyard. With 1.22 acres, there is plenty of room to garden, play, add a pool, or simply enjoy your own private outdoor retreat.

Living in The Colony means enjoying a true community lifestyle with outstanding amenities including resort-style pools, fitness centers, clubhouses, scenic ponds, playgrounds, pickleball courts, dog parks, and miles of walking and biking trails woven through the natural beauty of the Lost Pines.

Conveniently located with quick access to Highway 71, this home is ideal for commuters needing proximity to SpaceX, The Boring Company, and X (formerly Twitter) in the greater Austin area. You’ll also enjoy easy access to Austin-Bergstrom International Airport and all the dining, music, shopping, and entertainment of Downtown Austin.

For golf enthusiasts, premier courses including Wolfdancer Golf Club and ColoVista Golf Club are just a short drive away, offering championship play in stunning natural settings.

If you’ve been searching for acreage, a beautiful home, and an active community surrounded by nature yet close to Austin conveniences, this exceptional property in The Colony is the perfect fit.

At $217/sqft, this home is 5% 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

203 Wagon Way None, Bastrop, TX 78602

Property Details

Price $549,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,532 sqft
Lot Size 1.22 acres (53,143.2 sqft)
Year Built 2007
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Colony
County Bastrop
Zip Code 78602
$/sqft $217/sqft
Days on Market ,
HOA $125/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226873882
List Date April 18, 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.

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 · April 18, 2026 $645,000
Previous ask $599,000
Current ask $549,500
▼ Reduced $95,500 (-14.8%) 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
315 Maddy Way
The Colony
$549,900 $225 4 bd / 3 ba 2,442 sqft , 2026-10-21
184 William Hersee Dr
THE COLONY MUD 1E
$559,000 $224 3 bd / 3 ba 2,499 sqft , 2025-10-27
187 Pioneer Psge
The Colony
$539,900 $216 3 bd / 3 ba 2,503 sqft , 2026-05-29
111 Loysoya St
The Colony Mud 1E Sec 2 Ph
$539,000 $227 3 bd / 4 ba 2,377 sqft , 2026-10-06
139 William Hersee Dr
The Colony
$527,900 $208 4 bd / 3 ba 2,536 sqft , 2026-11-06

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
$2,638/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
$109,900
20% conventional investment loan

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

Estimated Gross Rent+$2,638
Principal + Interest−$2,999
Property Tax (assumed ~2.1%)−$962
Insurance (assumed ~0.5%)−$229
Est. Monthly Cash Flow $-1,552

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 3, 2026.

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

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