
Nestled among the towering pines of Circle D in Bastrop, this charming 3-bedroom, 2-bath home sits on 2 peaceful acres and offers a beautiful blend of spacious living, natural surroundings, and rustic character.
Inside, bright and inviting rooms create a warm, open feel throughout the home. The heart of the property is the expansive family room, featuring a striking stone fireplace and soaring 20-foot ceilings that fill the space with natural light and create an incredible sense of openness. A spacious loft overlooks the family room, adding flexible space and architectural character while offering sweeping views of the surrounding countryside.
The first-floor primary suite offers a peaceful retreat with a private deck overlooking the towering pines. The deck creates a cozy, treehouse-like feel and is the perfect spot to enjoy the setting. The primary bathroom features both a walk-in shower and a relaxing soaking tub.
All three bedrooms are conveniently located on the first floor, offering an easy and functional layout.
Outside, the 2-acre property is surrounded by mature pines, providing privacy and plenty of space to enjoy the outdoors. A detached garage offers additional parking, storage, or workspace.
With its spacious layout, distinctive stone fireplace, soaring ceilings, versatile loft, private primary deck, sweeping countryside views, and serene wooded setting, this Circle D home offers a unique opportunity to enjoy peaceful country living with plenty of character, all while being close to everything Bastrop has to offer.
Property Type
Residential
Year Built
2000
Lot Size
2.00 acres
$/Sq Ft
$218
HOA
$125/mo
Garage
2 spaces
Listed by Venture Partners R.E.
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
179 Rainbow DR is listed at $599,000 with 3 bedrooms, 2 full bathrooms, 2,753 square feet, 2.00-acre lot. This places it above the 78602 median of $395,000.
179 Rainbow DR is zoned for Bastrop ISD with assigned schools: Lost Pines (elementary), Riverside (middle), Bastrop (high). School assignments should be verified directly with the district.
179 Rainbow DR is a Residential built in 2000 featuring 3 bedrooms, 2 full bathrooms, 2,753 square feet, 2.00-acre lot.
179 Rainbow DR is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 179 Rainbow DR is $6,575. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
2 records on file
Every recorded sale and lease at 179 Rainbow DR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listed with current price, original ask, and market time.

Bastrop ISD
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($120K)
$599,000
Luxury property intelligence
A sourced read on Circle D East pricing, timing, and property scale. No automated valuation claim.
List price
$599,000
Price per sqft
$218/sqft
Vs. Circle D East median
Not available
Days on market
3 days
Original to current
$50K reduction
$649K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Aug 16, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($119,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 179 Rainbow DR is around $3,656 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $599,000, 179 Rainbow DR is in the Circle D East market where there are currently 339 active listings in 78602. The Keenan Group has completed 2 transactions in 78602 as part of 1,000+ career sales totaling $1B+ across Austin.
179 Rainbow DR includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
179 Rainbow DR is part of a managed community with HOA dues of $125 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
6 events on record
Current Price
$649,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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