#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
4 bed, 2 bath, 2,538 sqft on 3.00 acres in Bastrop. Bastrop, TX 78602. $499,000. Smithville ISD.
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.
Verified property facts
349 Ponderosa RD is listed at $499,000 with 4 bedrooms, 2 full bathrooms, 2,538 square feet, 3.00-acre lot. This places it above the ZIP 78602 single-family closed-sale median price of $449,950 (ZIP 78602 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 1, 2026).
349 Ponderosa RD is zoned for Smithville ISD with assigned schools: Smithville (elementary), Smithville (middle), Smithville (high). School assignments should be verified directly with the district.
349 Ponderosa RD is a Residential built in 2006 featuring 4 bedrooms, 2 full bathrooms, 2,538 square feet, 3.00-acre lot.
349 Ponderosa RD is listed by LoKation Real Estate, LLC. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Oct 1, 2026.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
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1 record on file
Every recorded listing, sale, and lease at 349 Ponderosa RD, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Pending with current price, original ask, and market time.
Smithville 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% ($100K)
Adjustable assumption - not a lending recommendation.
$499,000
Luxury property intelligence
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
68 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 1, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
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#1 ABOR Team 2024 with $1B+ career sales volume
The most recent annual property tax for 349 Ponderosa RD is $3,970. 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.
This page does not assume a mortgage rate or publish a monthly payment for 349 Ponderosa RD. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 1, 2026, 349 Ponderosa RD is offered at $499,000. The current MLS snapshot shows 319 active listings in 78602. Keenan Group has completed 2 verified transactions in 78602 within its 1,000+ completed transactions and $1B+ career volume across Austin.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
3 events on record
Current Price
$499,000
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.
| Address | Offered At |
|---|---|
| 180 Wahane Ln | $375K |
| 163 Winchester Rd | $380K |
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