Active Listing  ·  51 days on market

247 Maddy Way

Bastrop, TX 78602
$434,715
4 Bed 3 Bath 2,354 sqft $185/sqft Built 2026 0.18 acres 2-Car Garage Pool The Colony - Pine Cove

Come see this thoughtfully designed single-story home nestled in gated section of Colony Estates Pine Cove, Bastrop, TX -- welcome to the Crystal Beach floor plan. With 4 bedrooms, 3 full baths, and a private study, this layout offers both flexibility and privacy, including no shared bedroom walls for added comfort.

Inside, soaring 12-foot ceilings elevate the family and dining areas, creating a light-filled, open atmosphere. The gourmet kitchen anchors the home with a spacious island, generous pantry, and seamless connection to the main living spaces—ideal for casual mornings or effortless entertaining. Tucked away, the Owner’s Retreat feels like a true sanctuary, featuring a vaulted ceiling, spa-inspired bath with the signature Super Shower, and an expansive walk-in closet.

Step outside to the covered rear porch and ample yard space for morning coffee or evening spirits. All of this is set within a vibrant master-planned community offering trails, parks, and everyday conveniences.

Contact the David Weekley Team at the Colony to build your future with this beautiful and energy-efficient new home in Bastrop, TX.

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 $185/sqft, this home is 18% 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

247 Maddy Way, Bastrop, TX 78602

Property Details

Price $434,715
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,354 sqft
Lot Size 0.18 acres (7,923.56 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Colony - Pine Cove
County Bastrop
Zip Code 78602
$/sqft $185/sqft
Days on Market ,
HOA $163.24/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243124505
List Date August 12, 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
137 Coleto Trl
The Colony
$429,789 $173 4 bd / 4 ba 2,484 sqft , 2026-07-15
113 Pinyon Pine Dr
The Colony - Coleton Meadow
$423,584 $190 3 bd / 2 ba 2,229 sqft , 2026-09-22
243 Maddy Way
The Colony - Pine Cove
$420,625 $188 3 bd / 2 ba 2,240 sqft , 2026-07-27
136 Coleto Trl
The Colony
$449,815 $195 4 bd / 3 ba 2,302 sqft , 2026-08-18
210 Silverbell Ln
The Colony - 50'
$449,900 $220 3 bd / 2 ba 2,045 sqft , 2026-01-20

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
$2,087/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
$86,943
20% conventional investment loan

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

Estimated Gross Rent+$2,087
Principal + Interest−$2,372
Property Tax (~2.1% TX avg)−$761
Insurance (~0.5%)−$181
Est. Monthly Cash Flow $-1,227

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 · 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 August 13, 2026.

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