About This Home

Newer custom built 4-bedroom home. Nicely upgraded, tall ceilings and no carpet, all hard flooring. Great floor plan with main rooms open to private back yard. Large open kitchen with granite counter tops. Primary suite has walk in shower, double vanity and a nice walk-in closet. Yard is full sod and has a large fenced in back yard. The Colorado river and park are just down the street and close enough to walk to. Downtown Bastrop is just a few minutes away as well!

At $192/sqft, this home is 15% 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

225 Waikakaaua Dr, Bastrop, TX 78602

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Property Details

Price $314,990

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,644 sqft

Lot Size 0.26 acres (11,369.16 sqft)

Year Built 2018

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Tahitian Village,

County Bastrop

Zip Code 78602

$/sqft $192/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT238616419

List Date July 6, 2026

Elementary School Emile

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 · July 6, 2026 $349,000

Previous ask $324,990

Current ask $314,990

▼ Reduced $34,010 (-9.7%) 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

119 Mercer St
Pecan Park Sec 7 $319,000 $208 3 bd / 2 ba 1,535 sqft , 2025-12-05

107 Hawea Ln
Tahitian Village, $319,999 $246 3 bd / 2 ba 1,301 sqft , 2026-04-13

108 W Keomuku Ln
Tahitian Village $295,000 $210 3 bd / 2 ba 1,407 sqft , 2026-07-15

189 Waikakaaua Dr
Tahitian Village $343,800 $225 3 bd / 2 ba 1,526 sqft , 2026-09-17

123 Kawainui Ln
Tahitian Village $285,000 $170 3 bd / 3 ba 1,673 sqft , 2026-07-23

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

$1,512/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

$62,998

20% conventional investment loan

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

Estimated Gross Rent+$1,512

Principal + Interest−$1,719

Property Tax (~2.1% TX avg)−$551

Insurance (~0.5%)−$131

Est. Monthly Cash Flow $-889

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 26, 2026.

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

225 Waikakaaua Dr