About This Home

Single-story living and a spacious wooded lot come together at this well-maintained Tahitian Village home. The approximately 1,755-square-foot layout offers three bedrooms, two baths, a fireplace, two dining areas and no interior steps. The large rear deck extends the living space outdoors on the 0.32-acre lot. Additional features include an attached garage, backyard storage shed and a new roof installed in May 2026. Enjoy the natural surroundings of the Lost Pines area with convenient access to Bastrop shopping, dining, golf, parks and Highway 71.

At $199/sqft, this home is 12% 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

220 Ulupau Cir, Bastrop, TX 78602

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Property Details

Price $350,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,755 sqft

Lot Size 0.32 acres (13,939.2 sqft)

Year Built 2008

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Tahitian Village

County Bastrop

Zip Code 78602

$/sqft $199/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $6,624.32

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT231491967

List Date May 27, 2026

Elementary School Emile

Middle School Riverside

High School Bastrop

School District ,

Have Questions About This Property?

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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 · May 27, 2026 $410,000

Previous ask $355,900

Current ask $350,000

▼ Reduced $60,000 (-14.6%) 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

150 Palikea Ct
Tahitian Village $339,000 $209 3 bd / 2 ba 1,624 sqft , 2026-06-03

137 N Pohakea Dr
TAHITIAN VILLAGE $369,000 $196 4 bd / 2 ba 1,878 sqft , 2026-09-10

122 N Pohakea Dr
Tahitian Village $375,000 $186 4 bd / 2 ba 2,014 sqft , 2025-08-16

137 S Pohakea Dr
Tahitian Village, $384,999 $204 4 bd / 2 ba 1,886 sqft , 2026-09-01

106 Kaapahu Dr
Tahitian Village, $385,000 $212 3 bd / 2 ba 1,820 sqft , 2026-08-12

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

$1,680/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

$70,000

20% conventional investment loan

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

Estimated Gross Rent+$1,680

Principal + Interest−$1,910

Property Tax (~2.1% TX avg)−$613

Insurance (~0.5%)−$146

Est. Monthly Cash Flow $-989

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 October 1, 2026.

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

220 Ulupau Cir