About This Home

Discover this inviting 4-bedroom, 2.5-bath two-story home featuring an open floor plan, new appliances (May/June 2026), new carpet (June 2026), and a convenient location near Hwy 71. The main living area offers an easy flow between the kitchen, dining, and living spaces, creating a great setup for everyday living and entertaining. Spacious bedrooms and flexible living areas provide room to relax, work, or host guests. Located near Bastrop shopping, dining, schools, parks, and major roadways, this home is a wonderful opportunity in a growing area.

At $133/sqft, this home is 41% 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 Tributary Way, Bastrop, TX 78602

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Property Details

Price $298,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths 1

Living Area 2,235 sqft

Lot Size 0.11 acres (4,791.6 sqft)

Year Built 2021

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Pecan Park

County Bastrop

Zip Code 78602

$/sqft $133/sqft

Days on Market ,

HOA $150/Quarterly

Annual Tax Est. $7,264.04

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237539987

List Date June 26, 2026

Elementary School Adelton

Middle School Bastrop

High School Bastrop

School District ,

Have Questions About This Property?

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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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 · June 26, 2026 $319,500

Previous ask $315,000

Current ask $298,000

▼ Reduced $21,500 (-6.7%) 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 Driftwood Ln
Final Plat/Pecan Park $300,000 $137 3 bd / 3 ba 2,192 sqft , 2026-09-01

104 Steel Shot Ct
Hunters Crossing Sec Five $294,900 $176 4 bd / 2 ba 1,674 sqft , 2026-10-07

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

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

$1,430/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

$59,600

20% conventional investment loan

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

Estimated Gross Rent+$1,430

Principal + Interest−$1,626

Property Tax (~2.1% TX avg)−$522

Insurance (~0.5%)−$124

Est. Monthly Cash Flow $-842

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

About the Author

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 30, 2026.

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

205 Tributary Way