Active Listing  ·  78 days on market

206 George Neggan Ln

Bastrop, TX 78602
$254,999
3 Bed 3 Bath 1,396 sqft $183/sqft Built 2020 0.10 acres 2-Car Garage Pool The Colony Mud 1A, Sec 2A

Welcome to The Colony in Bastrop! This beautifully maintained 3-bedroom, 2-bath home offers the perfect blend of comfort, style, and convenience. Featuring an open-concept floor plan, the spacious living area flows seamlessly into the kitchen, making it ideal for both everyday living and entertaining.

The kitchen offers ample cabinet and countertop space, modern appliances, and a functional layout overlooking the main living area. The private primary suite features an en-suite bathroom and generous closet space, while the two additional bedrooms provide flexibility for family, guests, or a home office.

Step outside to enjoy the covered patio and private backyard, perfect for relaxing, entertaining, or enjoying peaceful Texas evenings.

Located in the highly desirable The Colony master-planned community, residents enjoy resort-style amenities including a swimming pool, playgrounds, walking and hiking trails, picnic areas, and access to the natural beauty surrounding the Colorado River. Conveniently located just minutes from Historic Downtown Bastrop, shopping, dining, schools, and with easy access to Austin, Tesla, Austin-Bergstrom International Airport, and other major employers.

Don't miss this opportunity to own a beautiful home in one of Bastrop's most sought-after communities. Schedule your private showing today!

At $183/sqft, this home is 19% 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

206 George Neggan Ln, Bastrop, TX 78602

Property Details

Price $254,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,396 sqft
Lot Size 0.10 acres (4,486.68 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Colony Mud 1A, Sec 2A
County Bastrop
Zip Code 78602
$/sqft $183/sqft
Days on Market ,
HOA $110/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240711077
List Date July 22, 2026
Elementary School Mina
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.

Schedule a Call →

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
320 Nizao Ln
Valverde
$254,000 $211 3 bd / 2 ba 1,206 sqft , 2026-06-02
306 Nizao Ln
Valverde
$256,100 $212 3 bd / 2 ba 1,206 sqft , 2026-06-01
211 Constanza Trl
VALVERDE
$262,130 $197 3 bd / 3 ba 1,332 sqft , 2026-06-30
308 Santo Domingo Rd
Valverde
$265,000 $199 3 bd / 3 ba 1,332 sqft , 2026-06-01
117 Badillo Way
The Colony Mud 1A, Sec 2B
$270,000 $162 4 bd / 2 ba 1,668 sqft , 2026-01-12

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
$1,224/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
$51,000
20% conventional investment loan

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

Estimated Gross Rent+$1,224
Principal + Interest−$1,392
Property Tax (~2.1% TX avg)−$446
Insurance (~0.5%)−$106
Est. Monthly Cash Flow $-720

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 July 28, 2026.

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