Active Listing  ·  141 days on market

406 Nene Ln

Bastrop, TX 78602
$359,900
3 Bed 3 Bath 1,998 sqft $180/sqft Built 2019 0.28 acres 2-Car Garage Pool Tahitian Village,

EXCELLENT Price for this beautifully designed Custom Built 3-bedroom, 2.5-bath home in Tahitian Village. The home offers spacious bedrooms and an efficient layout with modern contemporary style throughout. The open floor plan features tall ceilings, modern flooring, granite countertops, and a cozy fireplace that creates a warm and inviting living space. Upstairs, the large loft provides flexible space ideal for a second living area, office, or game room. Generously sized bedrooms and large closets offer plenty of comfort and storage. Enjoy the covered back deck overlooking a large privacy-fenced backyard with mature tree shade, perfect for relaxing or entertaining. Conveniently located on a quiet street, close to town, near Tahitian Golf Course, the Colorado River, shopping, dining, and other local amenities.

At $180/sqft, this home is 20% 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

406 Nene Ln, Bastrop, TX 78602

Property Details

Price $359,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,998 sqft
Lot Size 0.28 acres (12,327.48 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tahitian Village,
County Bastrop
Zip Code 78602
$/sqft $180/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230810317
List Date May 20, 2026
Elementary School Emile
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 →

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
115 Mokulua Ln
Tahitian Village
$358,950 $217 3 bd / 2 ba 1,654 sqft , 2026-05-23
104 Kipapa Ct
Tahitian Village,
$365,000 $181 4 bd / 2 ba 2,016 sqft , 2025-11-18
139 Waimanalo Dr
tahitian
$365,000 $214 3 bd / 2 ba 1,702 sqft , 2026-08-27
149 Waimanalo Ln
Tahitian Village,
$369,000 $215 3 bd / 2 ba 1,720 sqft , 2026-08-26
134 Edgewater Trl
Pecan Park Residential Sec
$350,000 $199 3 bd / 2 ba 1,755 sqft , 2026-05-27

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
$1,728/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
$71,980
20% conventional investment loan

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

Estimated Gross Rent+$1,728
Principal + Interest−$1,964
Property Tax (~2.1% TX avg)−$630
Insurance (~0.5%)−$150
Est. Monthly Cash Flow $-1,016

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 July 7, 2026.

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