Active Listing  ·  22 days on market

315 Maddy Way

Bastrop, TX 78602
$549,900
4 Bed 3 Bath 2,442 sqft $225/sqft Built 2026 0.06 acres 2-Car Garage Pool New Construction The Colony

The two-story entry leads past a home office with French doors and a half bath to the main living areas. The two-story family room features a wall of windows overlooking the extended covered backyard patio. An inviting kitchen features a 5-burner gas cooktop, a large walk-in pantry, and a generous island with built-in seating space. The corner morning area, embraced by windows, provides access to the patio. A secluded primary suite highlights a wall of windows in the bedroom. Double doors lead to the primary bath with a dual vanity, garden tub, separate glass-enclosed shower, and large walk-in closet. A utility room and closet complete downstairs. Upstairs includes a game room, two secondary bedrooms, a full bath, and an additional secondary bedroom with a private full bath. Landscaping features a 7-zoned sprinkler system. A two-car garage completes this two-story design.

At $225/sqft, this home is priced in line with the Bastrop market average of $229/sqft across 330 active listings. View Austin market report →

Location

315 Maddy Way, Bastrop, TX 78602

Property Details

Price $549,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,442 sqft
Lot Size 0.06 acres (2,613.6 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Colony
County Bastrop
Zip Code 78602
$/sqft $225/sqft
Days on Market ,
HOA $1,958.88/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT250498299
List Date October 21, 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 · October 21, 2026 $539,900
Previous ask $550,900
Current ask $549,900
▲ Increased $10,000 (+1.9%) 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
158 Westover Ln
The Colony
$549,982 $173 5 bd / 4 ba 3,175 sqft , 2026-11-05
203 Wagon Way None
The Colony
$549,500 $217 3 bd / 3 ba 2,532 sqft , 2026-04-18
184 William Hersee Dr
THE COLONY MUD 1E
$559,000 $224 3 bd / 3 ba 2,499 sqft , 2025-10-27
167 Westover Ln
The Colony
$539,929 $173 4 bd / 4 ba 3,117 sqft , 2026-10-30
187 Pioneer Psge
The Colony
$539,900 $216 3 bd / 3 ba 2,503 sqft , 2026-05-29

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
$2,640/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
$109,980
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,001
Property Tax (assumed ~2.1%)−$962
Insurance (assumed ~0.5%)−$229
Est. Monthly Cash Flow $-1,552

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 November 5, 2026.

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

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