Active Listing  ·  65 days on market

251 Maddy Way

Bastrop, TX 78602
$460,826
5 Bed 3 Bath 2,678 sqft $172/sqft Built 2026 0.17 acres 2-Car Garage Pool The Colony - Pine Cove

Discover thoughtful design and everyday comfort in The Morrison by David Weekley Homes, located in the gated section of The Colony in Bastrop. This 5-bedroom, 3-bath home pairs an impressive four-sides brick exterior with a floor plan designed around the way you live.

The main level features the spacious Owner’s Retreat plus a secondary bedroom and full bath—ideal for guests, multigenerational living or a private home office. At the heart of the home, the kitchen, dining and family areas flow together for easy entertaining and daily life. Soaring two-story ceilings in the family room extend to the second floor, creating a dramatic sense of openness and bringing natural light into the center of the home.

Upstairs, three additional bedrooms surround a versatile retreat, providing valuable separation between shared gathering spaces and private bedrooms. David Weekley’s LifeDesign® principles are evident throughout, with sightlines, room placement and traffic flow thoughtfully planned to make the home feel comfortable, open and functional.

Outside, enjoy a covered back porch with no rear neighbors. The west-facing side orientation helps create a more comfortable backyard setting in the evening, while the front of the home overlooks neighborhood park space.

A distinctive combination of space, privacy and thoughtful design in one of The Colony’s gated neighborhoods. Contact the David Weekley team at The Colony today to learn more about this stunning new construction home in Bastrop, TX, and experience firsthand the unmatched quality and lifestyle awaiting you!

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 $172/sqft, this home is 25% 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

251 Maddy Way, Bastrop, TX 78602

Property Details

Price $460,826
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,678 sqft
Lot Size 0.17 acres (7,466.18 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Colony - Pine Cove
County Bastrop
Zip Code 78602
$/sqft $172/sqft
Days on Market ,
HOA $163.24/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246110185
List Date September 8, 2026
Elementary School Colony Oaks
Middle School Creekside
High School Cedar Creek
School District Bastrop ISD

Bastrop ISD

Colony Oaks · Creekside · 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.

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
227 Kingswood Dr
The Colony - 45'
$469,900 $188 4 bd / 2 ba 2,498 sqft , 2026-03-27
229 Kingswood Dr
The Colony - 45'
$449,900 $179 4 bd / 3 ba 2,513 sqft , 2026-03-27
126 Kildrummy Pass
The Colony
$449,900 $207 4 bd / 3 ba 2,169 sqft , 2026-09-28
112 Kildrummy Pass
The Colony
$474,900 $178 4 bd / 4 ba 2,662 sqft , 2026-04-23
127 Silverbell Ln
The Colony - 50'
$479,900 $192 4 bd / 3 ba 2,497 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
$2,212/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
$92,165
20% conventional investment loan

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

Estimated Gross Rent+$2,212
Principal + Interest−$2,515
Property Tax (assumed ~2.1%)−$806
Insurance (assumed ~0.5%)−$192
Est. Monthly Cash Flow $-1,301

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 9, 2026.

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

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