Active Listing  ·  230 days on market

227 Kingswood Dr

Bastrop, TX 78602
$469,900
4 Bed 2 Bath 2,498 sqft $188/sqft Built 2026 0.20 acres 2-Car Garage Pool New Construction The Colony - 45'

MLS# 9987743 - Built by Drees Custom Homes - Ready Now! ~ BASTROP, TX: 2,500 SF, 4 BR,3 BA with 2-Car Garage. The Sabine is a beautifully designed two-story floorplan offering 4 bedrooms, 3 bathrooms and flexible living spaces perfect for today's lifestyle. Off the foyer, a private guest suite with a full bath is thoughtfully tucked away, making it an ideal space for visitors or extended family. At the heart of the home, the kitchen seamlessly overlooks the family room and a stunning two-story dining area, creating a bright and open space for both everyday living and entertaining. The primary suite offers a peaceful retreat on the main floor, complete with dual vanities, a soaking tub, separate shower, and a spacious walk-in closet. Upstairs, two additional bedrooms and a versatile gameroom provide plenty of room for family time, hobbies, or a quiet escape. From private retreats to open gathering spaces, the Sabine is designed to bring comfort, functionality, and style together in one beautiful home.

At $188/sqft, this home is 18% below the Bastrop active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

227 Kingswood Dr, Bastrop, TX 78602

Property Details

Price $469,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,498 sqft
Lot Size 0.20 acres (8,668.44 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Colony - 45'
County Bastrop
Zip Code 78602
$/sqft $188/sqft
Days on Market ,
HOA $88/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT216963045
List Date March 27, 2026
Elementary School Colony Oaks
Middle School Cedar Creek
High School Cedar Creek
School District Bastrop ISD

Bastrop ISD

Colony Oaks · Cedar Creek · Cedar Creek

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 · March 27, 2026 $499,900
Previous ask $479,900
Current ask $469,900
▼ Reduced $30,000 (-6.0%) 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
112 Kildrummy Pass
The Colony
$474,900 $178 4 bd / 4 ba 2,662 sqft , 2026-04-23
251 Maddy Way
The Colony - Pine Cove
$460,826 $172 5 bd / 3 ba 2,678 sqft , 2026-09-08
127 Silverbell Ln
The Colony - 50'
$479,900 $192 4 bd / 3 ba 2,497 sqft , 2026-03-27
210 Silverbell Ln
The Colony - 50'
$449,900 $220 3 bd / 2 ba 2,045 sqft , 2026-01-20
229 Kingswood Dr
The Colony - 45'
$449,900 $179 4 bd / 3 ba 2,513 sqft , 2026-03-27

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
$2,256/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
$93,980
20% conventional investment loan

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

Estimated Gross Rent+$2,256
Principal + Interest−$2,564
Property Tax (assumed ~2.1%)−$822
Insurance (assumed ~0.5%)−$196
Est. Monthly Cash Flow $-1,326

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 · 41 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. The written content was last updated on September 22, 2026.

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

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