Active Listing  ·  90 days on market

612 Blair Ave

Bastrop, TX 78602
$274,999
3 Bed 3 Bath 1,809 sqft $152/sqft Built 2000 0.18 acres 2-Car Garage Pool Riverside Grove Sub Ph

Welcome to 612 Blair Avenue in Bastrop's Riverside Grove! This spacious two-story home offers 3 bedrooms, 2.5 bathrooms, and over 1,800 square feet of comfortable living space designed for everyday life. The open-concept layout features a bright living area with a cozy gas fireplace, an eat-in kitchen with a pantry and ample cabinet space, and generous walk-in closets throughout. Upstairs, you'll find all three bedrooms, including a spacious primary suite with an oversized walk-in closet and private bath. Step outside to a covered back patio overlooking the large, privacy-fenced backyard, perfect for entertaining, pets, or relaxing evenings. Additional features include a two-car garage, full gutters, dual-pane windows, and energy-saving solar panels. Conveniently located just minutes from historic downtown Bastrop, schools, shopping, dining, and Highway 71, Riverside Grove also offers neighborhood amenities including a playground, picnic area, and fishing access. This home is an excellent opportunity for first-time buyers, growing families, or investors alike.

At $152/sqft, this home is 33% 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

612 Blair Ave, Bastrop, TX 78602

Property Details

Price $274,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,809 sqft
Lot Size 0.18 acres (7,919.21 sqft)
Year Built 2000
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverside Grove Sub Ph
County Bastrop
Zip Code 78602
$/sqft $152/sqft
Days on Market ,
HOA $350/Annually
Annual Tax Est. $5,821.95
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237533438
List Date July 9, 2026
Elementary School Colony Oaks
Middle School Riverside
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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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 · July 9, 2026 $279,000
Current ask $274,999
▼ Reduced $4,001 (-1.4%) 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
718 Blair Ave
Riverside Grove Sub Ph
$262,900 $171 3 bd / 2 ba 1,533 sqft , 2026-10-07
1922 Dragonfly Loop
Piney Creek Bend
$289,000 $168 3 bd / 2 ba 1,724 sqft , 2026-07-20
2008 Prickly Pear Dr
Piney Creek Bend
$289,000 $178 3 bd / 2 ba 1,624 sqft , 2026-10-01
309 Freshwater Dr
Bastrop Grove Sec 4 Ph 1B
$289,900 $172 4 bd / 3 ba 1,688 sqft , 2026-08-07
214 Jennifer Ln
Riverside Grove
$290,000 $203 3 bd / 2 ba 1,431 sqft , 2026-07-29

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
$1,320/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
$55,000
20% conventional investment loan

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

Estimated Gross Rent+$1,320
Principal + Interest−$1,501
Property Tax (~2.1% TX avg)−$481
Insurance (~0.5%)−$115
Est. Monthly Cash Flow $-777

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 8, 2026.

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