Active Listing  ·  0 days on market

718 Blair Ave

Bastrop, TX 78602
$262,900
3 Bed 2 Bath 1,533 sqft $171/sqft Built 2001 0.18 acres 2-Car Garage Pool Riverside Grove Sub Ph

Exceptional value in an established Bastrop neighborhood! This move-in-ready, single-story home offers 3 bedrooms, 2 bathrooms, 1,533 square feet and a 2-car garage in Riverside Grove.

Inside, the home has been well cared for and offers a comfortable, functional floor plan with an open living area, spacious kitchen and dining space, and a private primary suite with walk-in closet. Two additional bedrooms provide flexibility for guests, a home office or additional living needs.

Step outside to a fully fenced backyard with plenty of room for pets, gardening or outdoor entertaining, plus a detached storage shed for added functionality.

Location is another standout. Riverside Grove offers convenient access to Highway 71 while keeping you close to Downtown Bastrop, shopping, dining, parks and everyday necessities. Whether commuting toward Austin or looking to enjoy everything Bastrop has to offer, this location makes getting around easy.

With its combination of price, condition, space and location, this home offers an excellent opportunity for buyers looking for value in Bastrop without taking on a major renovation project.

At $171/sqft, this home is 24% 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

718 Blair Ave, Bastrop, TX 78602

Property Details

Price $262,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,533 sqft
Lot Size 0.18 acres (7,797.24 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverside Grove Sub Ph
County Bastrop
Zip Code 78602
$/sqft $171/sqft
Days on Market ,
HOA $100/Annually
Annual Tax Est. $5,772.56
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249155996
List Date October 7, 2026
Elementary School Mina
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.

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
612 Blair Ave
Riverside Grove Sub Ph
$274,999 $152 3 bd / 3 ba 1,809 sqft , 2026-07-09
1112 Minnow Ln
Bastrop Grove Sec 4 Ph 1B
$245,000 $150 4 bd / 2 ba 1,635 sqft , 2026-08-22
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

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
$1,262/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
$52,580
20% conventional investment loan

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

Estimated Gross Rent+$1,262
Principal + Interest−$1,435
Property Tax (~2.1% TX avg)−$460
Insurance (~0.5%)−$110
Est. Monthly Cash Flow $-743

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 7, 2026.

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