4 bed, 2 bath, 2,538 sqft on 3.00 acres in Bastrop. Bastrop, TX 78602. $499,000. Smithville ISD.
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 Type
- Residential
- Year Built
- 2006
- Lot Size
- 3.00 acres
- Price / Sq Ft
- $197
- Pool
- Yes
Listing information last updated September 19, 2026.
Listed by LoKation Real Estate, LLC
MLS# 7824194 • Pending
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Primary Bedroom on Main
- Two Primary Closets
- Walk-In Closet(s)
- Dishwasher
- Disposal
- Oven
- Concrete
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Outdoor Grill
- Private Entrance
- Private Yard
- Brick
- Concrete
- Vinyl Siding
- Agricultural
- Back Yard
- Private
- Trees-Medium (20 Ft - 40 Ft)
- Back Yard
- Barbed Wire
- Wood
- Slab
- Covered
- Roof
- Composition
- Lot Size
- 3.00 Acres
- Driveway
- Private
- Pool
- Yes
Financial
- Original List Price
- $499,000
- Price per Sq Ft
- $197
Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
- Water Source
- Private
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 349 Ponderosa RD, whoever represented it.
- PendingListed 2026Current price: $499,000Original list: $499,000MLS 7824194
- Listed · July 25, 2026$499,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Pending with current price, original ask, and market time.
- Current list
- $499,000
- Original list
- $499,000
- Price movement
- No verified reduction
- Listed / DOM
- Jul 25, 2026 · 40 days
Zoned Schools
Smithville ISD
Smithville
Smithville
Smithville
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% ($100K)
Adjustable assumption - not a lending recommendation.
$499,000
Luxury property intelligence
Keenan Market Position
A sourced read on Bastrop pricing, timing, and property scale. No automated valuation claim.
List price
$499,000
Price per sqft
$197/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
40 days
Original to current
No verified reduction
$499K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
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