— bed, — bath on 88.85 acres in Bastrop. Bastrop, TX 78602. $4,000,000. Bastrop ISD.
About This Home
Transitional land opportunity consisting of +/- 88.852-acres lying within the Bastrop Statutory ETJ. This land is adjacent to Section 1 of the Woodrun Subdivision which was the Phase 1 of a deed restricted, residential development consisting of 44, 1-acre lots - all sold out quickly in 2019. This +/- 88.85 acres was originally the 2nd and 3rd phases of the same residential development, but is now offered as an opportunity for a developer to take over with a new set of plans for a much needed, residential community to fulfill the exponential growth occurring in Bastrop. This property lies off Smith Road with four (4) separate access points off this paved, county maintained road. Infrastructure includes a 6 inch water main line along Smith Road with fire hydrants serviced by AQUA Water. Current owner had previously reserved capacity for 62 water meters with AQUA Water for the development of this +/- 88.85 acres. Bluebonnet Electricity is also located along Smith Road with capacity for future development. Utility availability and current capacity to be independently verified by buyer. There is opportunity here for new manufactured homes or a site built home community. Located minutes from the City of Bastrop, Approximately 20 miles to ABIA and Downtown Austin and an even easier commute to The Boring Company, Space X, The Hyatt Lost Pines Resort & Spa and Tesla. Bastrop County features 2 State Parks and 3 golf courses.
TBD (88.852 Acres) Smith Rd stands out for one hard fact: 88.852 acres of unimproved land in Bastrop County priced at $4.00 million, with four separate access points off paved, county-maintained Smith Road. In Bastrop near Bastrop, TX 78602, that scale is getting harder to find, especially on a tract tied to the path of residential growth moving east from Austin.
This is Land - Unimproved Land, not a finished homesite, and that is the point. The tract was planned as later phases of the Woodrun Subdivision after Section 1 delivered 44 one-acre lots that sold out in 2019. That history matters. It shows the location has already been tested by the market. At the current list price, the land works out to about $45,018 per acre, or roughly $1.03 per land square foot across the full 88.852 acres. There is no year built because this is raw land, and no bed, bath, or interior square footage is listed.
Utility context is one of the most important parts of this offering. A 6-inch water main runs along Smith Road with fire hydrants served by AQUA Water, and the seller previously reserved capacity for 62 water meters. Bluebonnet Electric service is also along Smith Road with stated future capacity. Any buyer still needs to verify current utility availability and capacity independently, but for a development-minded purchaser, that existing framework changes the conversation.
The location gives this tract unusual flexibility. You are minutes from the City of Bastrop and about 20 miles from Austin-Bergstrom International Airport and Downtown Austin. Major regional demand drivers are also close by, including Tesla, The Boring Company, SpaceX, and Hyatt Lost Pines Resort & Spa. For daily quality of life and long-term market support, Bastrop County also offers strong recreation access, with Bastrop State Park and Buescher State Park nearby, plus local golf options that continue to draw full-time residents and second-home interest.
School district and campus information are not listed in the current marketing, so buyers should confirm attendance boundaries directly as part of due diligence. Days on market sit at 831, which tells you this is not a plug-and-play retail listing. It is a land play for someone looking at timing, infrastructure, and the next phase of growth in Bastrop County. For the right buyer, TBD (88.852 Acres) Smith Rd is the kind of site that can turn regional expansion into long-term value.
The numbers behind this insight
- Offered at
- $4,000,000
- Listed
- September 29, 2023
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $734 per sq ft over the trailing 12 months (181 sales), as of October 15, 2026.
- Property Type
- Land
- Lot Size
- 88.85 acres
Listing information last updated March 16, 2026.
Listed by Armstrong Properties
MLS# 1820084 • Pending
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Public Maintained Road
- Trees-Heavy
- Trees-Large (Over 40 Ft)
- Many Trees
- Trees-Medium (20 Ft - 40 Ft)
- Lot Size
- 88.85 Acres
Financial
- Original List Price
- $4,000,000
Utilities
- Electricity Available
- Water Available
- Water Source
- Public
Transaction History
1 record on file
Every recorded listing, sale, and lease at TBD (88.852 Acres) Smith Rd, whoever represented it.
- PendingListed 2023Current price: $4,000,000Original list: $4,000,000MLS 1820084
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $4,000,000
- Original list
- $4,000,000
- Price movement
- No verified reduction
- Listed / DOM
- Sep 29, 2023 · 334 days
Zoned Schools
Bastrop ISD
Bastrop
Bastrop
Mina
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% ($800K)
Adjustable assumption - not a lending recommendation.
$4,000,000
Luxury property intelligence
Keenan Market Position
A sourced read on Bastrop pricing, timing, and property scale. No automated valuation claim.
List price
$4,000,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
334 days
Original to current
No verified reduction
$4M 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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