
Approximately 15 acres of secluded, wooded land just minutes from Lake Bastrop, ideally located between US-290, TX-21, and TX-95 for easy access across the Texas Triangle. Situated near the dead end of privately maintained Cody Lane, this quiet property features mature oaks, pines, cedars, hardwoods, elevation changes, a wet-weather creek, and recent clearing that opened trails and removed yaupon. A loft-style cabin on stilts offers approximately 640 sq ft with a full kitchen, new gas range, and a full bath with updated vanity and fixtures. The lower level provides covered parking for vehicles, boats, or equipment, plus a private room that could serve as a second bedroom. Utilities include Bluebonnet Electric, conventional septic, and a 10,000-gallon rainwater collection system supplying the home. Unrestricted with sandy loam soils and fertile creek beds, ideal for homesteading, off-grid living, short-term rentals, or a peaceful weekend retreat.
Property Type
Land
Lot Size
15.00 acres
Listed by Armstrong Properties
Property Details
Lot Features
Fencing
Verified property facts
242 Cody Ln is listed at $399,000 with 0 bedrooms, 15.00-acre lot. This places it above the 78602 median of $395,000.
242 Cody Ln is zoned for Bastrop ISD with assigned schools: Lost Pines (elementary), Bastrop (middle), Bastrop (high). School assignments should be verified directly with the district.
242 Cody Ln 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 242 Cody Ln is $7,150. 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.
With 20% down ($79,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 242 Cody Ln is around $2,666 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline 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% ($80K)
$399,000
Luxury property intelligence
A sourced read on Wallace, Jas P pricing, timing, and property scale. No automated valuation claim.
List price
$399,000
Price per sqft
Not available
Vs. Wallace, Jas P median
Not available
Days on market
66 days
Original to current
No verified reduction
$399K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 13, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $399,000, 242 Cody Ln is in the Wallace, Jas P market where there are currently 343 active listings in 78602. The Keenan Group has completed 2 transactions in 78602 as part of 1,000+ career sales totaling $1B+ across Austin.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
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