
Own your own private Rriverfront Resort on the beautiful Colorado River in Bastrop. This rare multi-generational estate offers sweeping water views, direct river access, and exceptional flexibility for living, hosting, or investment. The property features a versatile rustic log cabin ideal for use as an office, studio, guest space, or potential fourth unit with the addition of a bath. A shaded, tree-lined drive leads you through this serene setting designed for relaxation and connection. Outdoor amenities include a pavilion for entertaining, two fire pits for evening gatherings, and a peaceful riverbank perfect for fishing, kayaking, or simply enjoying the natural surroundings. The studio apartment includes t a full kitchen with range, microwave, and refrigerator, and a full bath with shower—ideal for guests, rental income, or extended family. The three-bedroom unit showcases custom tile finishes, a full kitchen, and an open living and dining area with a full bath and covered patio overlooking the backyard and river. The upstairs owner’s suite offers antique wood floors, custom woodwork, a private deck with breathtaking river views, and a gourmet kitchen featuring an island cooktop and wall ovens. Additional highlights include a spacious bedroom with built-ins, oversized walk-in closet, laundry area, 3/4 bath off the kitchen, and a spa-inspired bathroom with claw foot tub and leaded glass window. Elevator access adds convenience throughout the home. From morning coffee on the upper deck to evenings around the fire pits, every space is designed to embrace the river lifestyle. Located just minutes from historic downtown Bastrop, residents enjoy boutique shopping, dining, and small-town charm along the Colorado River while maintaining privacy and seclusion. Endless possibilities include multi-generational living, Airbnb or short-term rental income, private retreat use, event hosting, or a work-from-home compound. This is more than a home—it’s a lifestyle.
Property Type
Residential Income
Year Built
1960
Lot Size
1.52 acres
$/Sq Ft
$209
Garage
10 spaces
Listed by Texas Landera Realty LLC
Verified property facts
315 River wood DR is listed at $675,000 with 0 bedrooms, 3,222 square feet, 1.52-acre lot. This places it above the 78602 median of $395,000.
315 River wood DR is zoned for Bastrop ISD with assigned schools: Emile (elementary), Bastrop (middle), Bastrop (high). School assignments should be verified directly with the district.
315 River wood DR is a Residential Income built in 1960 featuring 0 bedrooms, 3,222 square feet, 1.52-acre lot.
315 River wood 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 315 River wood DR is $6,182. 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
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
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% ($135K)
$675,000
Luxury property intelligence
A sourced read on Riverwood Acres pricing, timing, and property scale. No automated valuation claim.
List price
$675,000
Price per sqft
$209/sqft
Vs. Riverwood Acres median
Not available
Days on market
63 days
Original to current
$23K reduction
$698K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 22, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($135,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 315 River wood DR is around $4,018 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $675,000, 315 River wood DR is in the Riverwood Acres market where there are currently 329 active listings in 78602. The Keenan Group has completed 2 transactions in 78602 as part of 1,000+ career sales totaling $1B+ across Austin.
315 River wood DR was built in 1960 (66 years ago). Buyers should budget for potential updates to major systems.
315 River wood DR includes verified waterfront access: River Front,Waterfront. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
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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