Active Listing  ·  37 days on market

205 Driftwood Ln

Bastrop, TX 78602
$300,000
3 Bed 3 Bath 2,192 sqft $137/sqft Built 2023 0.11 acres 2-Car Garage Pool Final Plat/Pecan Park

Welcome to 205 Driftwood, a beautifully maintained 3-bedroom, 2-1/2 bathroom home with an additional flex space great for an office or guest room downstairs, the outdoor oasis offers a covered pavilion great for football games and barbecues. This home is offering square feet of thoughtfully designed living space. This Pacesetter home in a well established neighborhood 2192 sq ft features an impressive array of high-end upgrades and custom touches that elevate both comfort and convenience. Inside, you’ll find an openflooxplan and luxury countertops that enhance aesthetics throughout the home. The open-concept layout creates a natural flow from the spacious living area to the chef-inspired kitchen, making it ideal for entertaining or simply enjoying everyday life. The primary suite is a true retreat with a spacious room and featuring a huge walk-in closet. The custom covered patio with curtains offers a great space for entertaining. This home has been thoughtfully designed with function in mind. This beautiful home is also featuring a custom fireplace .Nestled in one of Bastrop’s most sought after neighborhoods, with close proximity to downtown, shopping, schools and the Colorado River, this home truly has it all.Storage Shed included.

At $137/sqft, this home is 39% 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

205 Driftwood Ln, Bastrop, TX 78602

Property Details

Price $300,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,192 sqft
Lot Size 0.11 acres (4,791.6 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Final Plat/Pecan Park
County Bastrop
Zip Code 78602
$/sqft $137/sqft
Days on Market ,
HOA $150/Quarterly
Annual Tax Est. $6,720.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245430873
List Date September 1, 2026
Elementary School Mina
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 · September 1, 2026 $368,000
Current ask $300,000
▼ Reduced $68,000 (-18.5%) 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
205 Tributary Way
Pecan Park
$298,000 $133 4 bd / 3 ba 2,235 sqft , 2026-06-26
106 Crooked Trail Trl
Pecan Park
$294,890 $186 3 bd / 3 ba 1,587 sqft , 2026-08-11
309 Freshwater Dr
Bastrop Grove Sec 4 Ph 1B
$289,900 $172 4 bd / 3 ba 1,688 sqft , 2026-08-07
223 Tributary Way
Pecan Park
$315,000 $205 3 bd / 2 ba 1,535 sqft , 2026-08-27
119 Mercer St
Pecan Park Sec 7
$319,000 $208 3 bd / 2 ba 1,535 sqft , 2025-12-05

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
$1,440/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
$60,000
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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

More Luxury Homes in Bastrop

Loading…
View All Luxury Homes →
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 September 23, 2026.

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