Active Listing  ·  14 days on market

216 George Neggan Ln

Bastrop, TX 78602
$279,000
4 Bed 3 Bath 1,912 sqft $146/sqft Built 2021 0.13 acres 2-Car Garage Pool The Colony Mud 1A, Sec 2B

**BEST DEAL IN THE COLONY** -MOVE IN READY HOME -4 bedroom, 2.5 bath home with an upstairs bonus room, perfect for media/playroom/office or anything you wish -one owner home -very clean and well maintained -superb location within The Colony subdivision -close proximity to shopping and amenities -The home is beautiful and elegant yet cozy at the same time. Outside you'll find an expansive backyard overlooking even more greenspace for a peaceful and serene outdoor experience. A pool, playground, fishing pond and a dog park are in close proximity. The open-concept layout connecting the living, dining, and kitchen areas are perfect for seamless entertaining. Community amenities include multiple pools, playgrounds, walking trails, and an on-site elementary school. It is a prime location just minutes to Downtown Bastrop, shopping, dining, and major Austin employers including SpaceX, The Boring Company, and Tesla A welcoming Bastrop home combining thoughtful design, modern convenience, and community living in The Colony.

At $146/sqft, this home is 35% 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

216 George Neggan Ln, Bastrop, TX 78602

Property Details

Price $279,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 1,912 sqft
Lot Size 0.13 acres (5,575.68 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Colony Mud 1A, Sec 2B
County Bastrop
Zip Code 78602
$/sqft $146/sqft
Days on Market ,
HOA $92/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247702570
List Date September 24, 2026
Elementary School Colony Oaks
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.

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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
117 Badillo Way
The Colony Mud 1A, Sec 2B
$270,000 $162 4 bd / 2 ba 1,668 sqft , 2026-01-12
215 Constanza Trl
VALVERDE
$288,990 $172 4 bd / 4 ba 1,684 sqft , 2026-07-08
306 Santo Domingo Rd
Valverde
$290,000 $172 4 bd / 4 ba 1,684 sqft , 2026-06-02
308 Santo Domingo Rd
Valverde
$265,000 $199 3 bd / 3 ba 1,332 sqft , 2026-06-01
314 Santo Domingo Rd
Valverde
$295,000 $175 4 bd / 4 ba 1,684 sqft , 2026-06-16

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
$1,339/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
$55,800
20% conventional investment loan

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

Estimated Gross Rent+$1,339
Principal + Interest−$1,523
Property Tax (~2.1% TX avg)−$488
Insurance (~0.5%)−$116
Est. Monthly Cash Flow $-788

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 October 7, 2026.

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