This home is under contract and no longer accepting offers. The price below is the last listed price, kept for reference only — if the deal falls through it may return to the market.
349 Ponderosa RD, Bastrop TX 78602
MLS #245221866 · LoKation Real Estate, LLC · Connor James
About this home
Investment Opportunity Meets Hill Country Living on 3 Acres Discover the perfect blend of lifestyle and investment potential at 349 Ponderosa Rd in Bastrop. Situated on 3 beautiful acres, this unique property offers privacy, room to grow, and endless possibilities. Whether you’re searching for a spacious personal residence or a turnkey income-producing property, this home delivers exceptional versatility with plenty of space for future improvements, additional structures, recreational amenities, or customized outdoor living. Inside, you’ll find bright, open living spaces filled with natural light, soaring ceilings, rustic-modern finishes, and expansive windows that create a warm, inviting atmosphere. The converted garage adds approximately 320 square feet of additional living space, making it ideal for a fourth bedroom, game room, home office, gym, or flex space to suit your needs. Step outside to your own private retreat featuring a sparkling in-ground pool with a waterfall, generous patio space for entertaining, and peaceful country views. With 3 acres of usable land, there’s ample room to build a workshop, guest house, additional garage, outdoor entertaining areas, or simply enjoy the extra space and privacy. For investors, this property is already occupied by a corporate leasing company, providing immediate rental income and demonstrating strong appeal for executive and corporate housing. The home has an established rental history and offers flexibility for continued investment or future owner occupancy. Showings Available from 9AM - 1PM on Thursdays. Must schedule through Showingtime.
Property details
- Property type
- Residential · SingleFamilyResidence
- Status
- Active
- Year built
- 2006
- Full baths
- 2
- Lot size
- 3
- Subdivision
- Highsmith, A M
- MLS area
- SV
- MLS #
- 245221866
Features
Interior features
- Primary Bedroom on Main
- Walk-In Closet(s)
Exterior features
- Outdoor Grill
- Private Entrance
- Private Yard
Additional details
- Parking
- Driveway, Private
- Garage spaces
- 0
- Roof
- Composition
- Foundation
- Slab
- Annual tax
- $3,969
Location
View Street ViewLoading map…
Schools
Assigned schools per the MLS.
- School district
- Smithville ISD
- Elementary
- Smithville
- Middle
- Smithville
- High
- Smithville
Market insights
Compared with 600 active homes in ZIP 78602 · HomeLocating listings
At $499,000, this home is priced 27% above the $393,995 median across 600 active homes in ZIP 78602.
Estimated monthly payment
Home price
$499,000
Down payment
20% ($99,800)
Loan details
30-yr fixed, 6.50%
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Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.
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Listing courtesy of LoKation Real Estate, LLC · Connor James
Listing data last updated Sep 4, 2026, 11:46 PM
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