About This Home

Welcome to 215 Tributary Way, a charming single-story home in Bastrop featuring an open-concept layout, modern finishes, and a fenced backyard. The living, dining, and kitchen areas flow together seamlessly with wood-look flooring, recessed lighting, and a neutral color palette. The kitchen offers granite countertops, dark cabinetry, stainless steel appliances, a gas range, subway tile backsplash, pantry, and large island. The private primary suite includes a walk-in closet, dual vanity, and walk-in shower, while two additional bedrooms offer flexibility for guests, family, or office space. Enjoy the covered back patio and fenced yard, perfect for outdoor living. Move-in ready and designed for everyday comfort.

At $219/sqft, this home is 3% 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

215 Tributary Way, Bastrop, TX 78602

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Property Details

Price $285,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,299 sqft

Lot Size 0.10 acres (4,399.56 sqft)

Year Built 2020

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision RIVER'S BEND AT PECAN PARK

County Bastrop

Zip Code 78602

$/sqft $219/sqft

Days on Market ,

HOA $120/Quarterly

Annual Tax Est. $5,664.29

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT232309177

List Date June 2, 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 2, 2026 $305,000

Previous ask $299,999

Current ask $285,000

▼ Reduced $20,000 (-6.6%) 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

309 Freshwater Dr
Bastrop Grove Sec 4 Ph 1B $289,900 $172 4 bd / 3 ba 1,688 sqft , 2026-08-07

106 Crooked Trail Trl
Pecan Park $294,890 $186 3 bd / 3 ba 1,587 sqft , 2026-08-11

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

118 Trailstone Dr
Pecan Park Residential Sec $275,000 $196 3 bd / 2 ba 1,406 sqft , 2026-09-24

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

$1,368/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

$57,000

20% conventional investment loan

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

Estimated Gross Rent+$1,368

Principal + Interest−$1,555

Property Tax (~2.1% TX avg)−$499

Insurance (~0.5%)−$119

Est. Monthly Cash Flow $-805

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 August 29, 2026.

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

215 Tributary Way