2 bed, 1 bath, 1,036 sqft on 0.54 acres in Bastrop. Bastrop, TX 78602. $165,000. Bastrop ISD.
About This Home
Prime 0.50-acre infill site positioned along Martin Luther King Jr Dr with strong visibility and direct access to major transportation corridors. Located in a high-growth Bastrop submarket, this property presents a compelling value-add opportunity through rezoning and redevelopment.
The site includes an older residential structure; however, the highest and best use is commercial or mixed-use development.
Investment Highlights 0.50 Acres (21,780 SF) High-visibility location with strong traffic exposure Strategic positioning near major highway access Flat, usable lot with development potential Existing structure (tear-down or repurpose) Utilities available in the area Located in the path of growth in Bastrop
- Property Type
- Residential
- Year Built
- 1905
- Lot Size
- 0.54 acres
- Price / Sq Ft
- $159
Listing information last updated September 14, 2026.
Listed by Beycome Brokerage Realty LLC
MLS# 3456787 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Wood
Exterior & Lot
- Corner Lot
- Raised
- Roof
- Aluminum
- Lot Size
- 0.54 Acres
Financial
- Original List Price
- $199,999
- Price per Sq Ft
- $159
Utilities
- Electricity Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 502 Martin Luther King Jr DR, whoever represented it.
- ActiveListed 2026Current price: $165,000Original list: $199,999MLS 3456787
- Listed · May 14, 2026$199,999
- Price changed · August 9, 2026$185,000
- Price changed · August 13, 2026$175,000
- Price changed · September 14, 2026$165,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $165,000
- Original list
- $199,999
- Price movement
- $35K reduction
- Listed / DOM
- May 14, 2026 · 155 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $88,520
- Assessment Year
- 2025
- Parcel ID
- R-13-0303-1140-20000
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026-11.0% | — | $78,824 | $54,886 | $23,938 |
2025 | — | $88,520 | $62,814 | $25,706 |
Zoned Schools
Bastrop ISD
Bastrop
Bastrop
Bluebonnet
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($33K)
Adjustable assumption - not a lending recommendation.
$165,000
Luxury property intelligence
Keenan Market Position
A sourced read on Bastrop pricing, timing, and property scale. No automated valuation claim.
List price
$165,000
Price per sqft
$159/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
155 days
Original to current
$35K reduction
$200K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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