502 Martin Luther King Jr DR, Bastrop TX 78602
MLS #242150796 · Beycome Brokerage Realty LLC · Steve Koleno
About this home
Prime 0.50-acre infill site positioned along Martin Luther King Jr Dr with strong visibility and direct access to major transportation corridors. Located in a high-growth Bastrop submarket, this property presents a compelling value-add opportunity through rezoning and redevelopment. The site includes an older residential structure; however, the highest and best use is commercial or mixed-use development. Investment Highlights 0.50 Acres (21,780 SF) High-visibility location with strong traffic exposure Strategic positioning near major highway access Flat, usable lot with development potential Existing structure (tear-down or repurpose) Utilities available in the area Located in the path of growth in Bastrop
Property details
- Property type
- Residential · SingleFamilyResidence
- Status
- Active
- Year built
- 1905
- Full baths
- 1
- Lot size
- 0.54
- Subdivision
- Building Blk
- MLS area
- BA
- MLS #
- 242150796
Features
Interior features
- None
Exterior features
- None
Additional details
- Parking
- None
- Garage spaces
- 0
- Roof
- Aluminum
- Foundation
- Raised
- Annual tax
- $6,800
Location
View Street ViewLoading map…
Schools
Assigned schools per the MLS.
- School district
- Bastrop ISD
- Elementary
- Bluebonnet (Bastrop ISD)
- Middle
- Bastrop
- High
- Bastrop
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Getting around
- Downtown Austin
- 28.1 mi
- Austin-Bergstrom Airport
- 22.1 mi
Straight-line distance, not drive time.
Market insights
Compared with 596 active homes in ZIP 78602 · HomeLocating listings
At $165,000, this home is priced 58% below the $395,000 median across 596 active homes in ZIP 78602.
Estimated monthly payment
Home price
$165,000
Down payment
20% ($33,000)
Loan details
30-yr fixed, 6.50%
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Listing courtesy of Beycome Brokerage Realty LLC · Steve Koleno
Listing data last updated Oct 2, 2026, 11:46 PM
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