Active Listing  ·  20 days on market

354 Lamaloa Ln

Bastrop, TX 78602
$349,500
3 Bed 3 Bath 1,682 sqft $208/sqft Built 2019 1.05 acres 1-Car Garage Pool Tahitian Village,

Set on a fenced, tree-lined 1.05-acre homesite in Tahitian Village, this inviting 3-bedroom, 2.5-bath home pairs a peaceful natural setting with a bright, modern interior. Board-and-batten siding, stone accents and a covered front porch create a welcoming entrance. Inside, the open-concept main level features abundant windows, recessed lighting and durable flooring throughout the spacious living, dining and kitchen areas. The kitchen centers around an oversized granite island with seating, complemented by white cabinetry, stainless steel appliances, pendant lighting and a subway-tile backsplash. French doors open to the expansive backyard, offering plenty of room to relax, entertain or create your ideal outdoor retreat. Upstairs, the primary suite includes a custom walk-in closet and a beautifully finished bath with dual vanities, granite counters and an oversized frameless-glass shower with decorative tile, built-in niches and a bench. Two additional bedrooms, a full guest bath and a conveniently located laundry room complete the second level. Additional features include a downstairs powder bath, attached garage, covered rear entry and generous storage. Directly across the street, the Dragonfly Trailhead provides public access to the 65-acre Colorado River Refuge, where a scenic trail network winds through meadows and wooded habitat toward the Colorado River. Enjoy hiking, birdwatching and nature exploration just steps from home, with Pine Forest Golf Club and the shopping, dining and historic charm of downtown Bastrop only minutes away.

At $208/sqft, this home is 8% 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

354 Lamaloa Ln, Bastrop, TX 78602

Property Details

Price $349,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,682 sqft
Lot Size 1.05 acres (45,738 sqft)
Year Built 2019
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tahitian Village,
County Bastrop
Zip Code 78602
$/sqft $208/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,508.23
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247271029
List Date September 18, 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.

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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
134 Laumaia Ln
Tahitian Village,
$349,900 $279 3 bd / 2 ba 1,256 sqft , 2025-12-12
280 Rimrock Ct
Rivers Bend at Pecan Park
$349,999 $159 3 bd / 3 ba 2,202 sqft , 2026-10-02
134 Edgewater Trl
Pecan Park Residential Sec
$350,000 $199 3 bd / 2 ba 1,755 sqft , 2026-05-27
189 Waikakaaua Dr
Tahitian Village
$343,800 $225 3 bd / 2 ba 1,526 sqft , 2026-09-17
115 Mokulua Ln
Tahitian Village
$358,950 $217 3 bd / 2 ba 1,654 sqft , 2026-05-23

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
$1,678/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
$69,900
20% conventional investment loan

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

Estimated Gross Rent+$1,678
Principal + Interest−$1,907
Property Tax (~2.1% TX avg)−$612
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-987

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 September 27, 2026.

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