
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.
Property Type
Residential
Year Built
2006
Lot Size
3.00 acres
$/Sq Ft
$197
Pool
Yes
Listed by LoKation Real Estate, LLC
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
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 78602 median of $395,000.
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 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 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
1 record on file
Every recorded 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.
Listed 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)
$499,000
Luxury property intelligence
A sourced read on Highsmith, A M pricing, timing, and property scale. No automated valuation claim.
List price
$499,000
Price per sqft
$197/sqft
Vs. Highsmith, A M median
Not available
Days on market
22 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 Aug 16, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($99,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 349 Ponderosa RD is around $2,920 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $499,000, 349 Ponderosa RD is in the Highsmith, A M 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.
349 Ponderosa RD includes verified waterfront access: None. 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.
1 event 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.
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