Active Listing  ·  67 days on market

243 Maddy Way

Bastrop, TX 78602
$420,625
3 Bed 2 Bath 2,240 sqft $188/sqft Built 2026 0.16 acres 2-Car Garage Pool The Colony - Pine Cove

Experience timeless design and exceptional craftsmanship in The Pine by David Weekley Homes, located in the exclusive gated Pine Cove section of The Colony in Bastrop, TX. This all-brick home offers an open-concept layout filled with natural light, creating an inviting space for everyday living and entertaining.

The designer kitchen showcases warm Barley cabinetry accented with black hardware, a spacious island, and abundant storage. The private Owner's Retreat features a luxurious Super Shower with elegant white marble-look porcelain tile, while the secondary baths are beautifully appointed with white cabinetry and coordinating finishes.

A dedicated study and versatile retreat provide flexible space for working from home, hobbies, or family gatherings. The west-facing home site offers classic curb appeal, and residents enjoy access to the exclusive Old Colony Amenity Center with resort-style pool, fitness facilities, trails, and community activities.

Combining elevated finishes, thoughtful design, and a premier location, this new David Weekley home delivers the comfort and lifestyle you've been searching for. Contact David Weekley’s Colony Team today to explore this magnificent new construction home in Bastrop, TX and discover the industry-leading warranty and cutting-edge EnergySaver™ features that make this residence a true standout.

Our EnergySaver™ Homes offer peace of mind knowing your new home in Bastrop is minimizing your environmental footprint while saving energy.

Square Footage is an estimate only; actual construction may vary.

At $188/sqft, this home is 17% 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

243 Maddy Way, Bastrop, TX 78602

Property Details

Price $420,625
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,240 sqft
Lot Size 0.16 acres (7,074.14 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Colony - Pine Cove
County Bastrop
Zip Code 78602
$/sqft $188/sqft
Days on Market ,
HOA $163.24/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241378964
List Date July 27, 2026
Elementary School Colony Oaks
Middle School Creekside
High School Cedar Creek
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.

Schedule a Call →

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
113 Pinyon Pine Dr
The Colony - Coleton Meadow
$423,584 $190 3 bd / 2 ba 2,229 sqft , 2026-09-22
137 Coleto Trl
The Colony
$429,789 $173 4 bd / 4 ba 2,484 sqft , 2026-07-15
132 Frontera Dr
Del Webb Lost Pines at The Colony
$410,470 $257 2 bd / 2 ba 1,600 sqft , 2026-08-17
168 Frontera Dr
Del Webb Lost Pines at The Colony
$410,250 $227 2 bd / 2 ba 1,809 sqft , 2026-01-23
118 Coleto Trl
The Colony
$409,740 $161 4 bd / 3 ba 2,552 sqft , 2026-08-16

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
$2,019/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
$84,125
20% conventional investment loan

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

Estimated Gross Rent+$2,019
Principal + Interest−$2,296
Property Tax (~2.1% TX avg)−$736
Insurance (~0.5%)−$175
Est. Monthly Cash Flow $-1,188

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

More Luxury Homes in Bastrop

Loading…
View All Luxury Homes →
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 July 28, 2026.

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