Active Listing  ·  230 days on market

229 Kingswood Dr

Bastrop, TX 78602
$449,900
4 Bed 3 Bath 2,513 sqft $179/sqft Built 2026 0.18 acres 2-Car Garage Pool New Construction The Colony - 45'

MLS# 9338865 - Built by Drees Custom Homes - Ready Now! ~ BASTROP, TX: 4 BR, 2.5 BA Two-Story Home With Outdoor Living Area.The Rusk is a thoughtfully designed two-story home featuring 4 bedrooms, 2.5 bathrooms, and spaces that cater to modern living with the flexibility you need. As you enter through the foyer, you?ll discover a dedicated home office, offering a private space away from the main living areas?perfect for work or quiet study. Just off the office is a convenient powder bath for guests. At the heart of the home, the kitchen overlooks the dining area, family room, and outdoor living space, creating a connected, open layout ideal for entertaining or everyday family life. Tucked at the back of the home for added privacy, the primary suite is a true retreat. It features dual vanities, a soaking tub, large shower, and a spacious walk-in closet. Upstairs, you'll find three additional bedrooms and a spacious gameroom, perfect for kids, guests, or family fun. For added flexibility, an optional 5th bedroom can be added to meet your specific needs.

At $179/sqft, this home is 22% 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

229 Kingswood Dr, Bastrop, TX 78602

Property Details

Price $449,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,513 sqft
Lot Size 0.18 acres (7,666.56 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Colony - 45'
County Bastrop
Zip Code 78602
$/sqft $179/sqft
Days on Market ,
HOA $88/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT216957974
List Date March 27, 2026
Elementary School Bluebonnet (Bastrop ISD)
Middle School Creekside
High School Bastrop
School District Bastrop ISD

Bastrop ISD

Bluebonnet (Bastrop ISD) · Creekside · Bastrop

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 $489,900
Previous ask $459,900
Current ask $449,900
▼ Reduced $40,000 (-8.2%) 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
210 Silverbell Ln
The Colony - 50'
$449,900 $220 3 bd / 2 ba 2,045 sqft , 2026-01-20
142 Kildrummy Pass
The Colony
$449,900 $206 3 bd / 3 ba 2,180 sqft , 2026-09-28
126 Kildrummy Pass
The Colony
$449,900 $207 4 bd / 3 ba 2,169 sqft , 2026-09-28
251 Maddy Way
The Colony - Pine Cove
$460,826 $172 5 bd / 3 ba 2,678 sqft , 2026-09-08
247 Maddy Way
The Colony - Pine Cove
$434,715 $185 4 bd / 3 ba 2,354 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
$2,160/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
$89,980
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,455
Property Tax (assumed ~2.1%)−$787
Insurance (assumed ~0.5%)−$187
Est. Monthly Cash Flow $-1,269

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 24, 2026.

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

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