Active Listing  ·  128 days on market

320 Nizao Ln

Bastrop, TX 78602
$254,000
3 Bed 2 Bath 1,206 sqft $211/sqft Built 2026 0.08 acres 2-Car Garage Pool New Construction Valverde

*5% lender incentive offered with the use of the seller’s in-house lender! Incentive may be used towards buyer closing costs and/or rate buy-down, subject to lender approval and buyer qualification. Welcome to The Ranger, an open-concept living space that blends the living room, dining area, and kitchen. The kitchen is a standout, featuring stylish shaker-style cabinets, sleek stainless steel appliances, and elegant quartz countertops, with a corner pantry offering additional storage. This layout is ideal for both everyday living and entertaining, providing a seamless flow between the spaces. All bedrooms are located upstairs, allowing for privacy and a peaceful retreat. The main bedroom is spacious, with plush carpet flooring, a walk-in closet, and an ensuite bathroom that includes a single vanity quartz sink, a combined tub and shower, and modern finishes. The secondary bedrooms also feature carpet flooring, closets, and can be easily adapted to suit your needs, whether for additional bedrooms, an office, or a playroom. Additional features of The Ranger include quartz countertops in the secondary bathroom and hard surface flooring throughout the living room, dining area, kitchen, and wet areas for easy maintenance.

At $211/sqft, this home is 7% 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

320 Nizao Ln, Bastrop, TX 78602

Property Details

Price $254,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,206 sqft
Lot Size 0.08 acres (3,528.36 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Valverde
County Bastrop
Zip Code 78602
$/sqft $211/sqft
Days on Market ,
HOA $65/Monthly
Annual Tax Est. $137.4
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT232367830
List Date June 2, 2026
Elementary School Bluebonnet (Bastrop ISD)
Middle School Bastrop
High School Bastrop
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 →

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 · June 2, 2026 $268,990
Previous ask $264,000
Current ask $254,000
▼ Reduced $14,990 (-5.6%) 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
206 George Neggan Ln
The Colony Mud 1A, Sec 2A
$254,999 $183 3 bd / 3 ba 1,396 sqft , 2026-07-22
306 Nizao Ln
Valverde
$256,100 $212 3 bd / 2 ba 1,206 sqft , 2026-06-01
211 Constanza Trl
VALVERDE
$262,130 $197 3 bd / 3 ba 1,332 sqft , 2026-06-30
308 Santo Domingo Rd
Valverde
$265,000 $199 3 bd / 3 ba 1,332 sqft , 2026-06-01

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
$1,219/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
$50,800
20% conventional investment loan

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

Estimated Gross Rent+$1,219
Principal + Interest−$1,386
Property Tax (~2.1% TX avg)−$445
Insurance (~0.5%)−$106
Est. Monthly Cash Flow $-718

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 October 8, 2026.

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