303 Bob's, Bastrop, Texas

$4,499,000
Active
303 Bob's, Bastrop, Texas
303 Bob's, Bastrop, Texas
303 Bob's, Bastrop, Texas
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Property Details

MLS ID: 8194941
Status: Active
Price: $4,499,000
Acres: 100±
Type: Development, Commercial
Address: 303 Bob's
City, State: Bastrop, TX
County: Bastrop County
ZIP Code: 78602
Parcel Number: 303bobstrail100
Year Built: 2019

Description

Income-Producing Ranch Portfolio in Bastrop, Texas! This 100-acre, income-producing property offers a rare chance to acquire a turnkey, income-producing portfolio in one of Central Texas’s fastest-growing markets. The property combines residential rental income, and land value growth in a location just minutes from downtown Bastrop and an easy drive to Austin. The portfolio includes 12 rental-ready homes to include: a barn, a 4,000 sq ft main residence (estimated rent $3,500/month), a guest cabin ($1,500/month), 10 newly built 2–3 bedroom homes projected to lease for $2,200–$2,600/month; each features quality finishes, stainless steel appliances, wood cabinetry, quartz counters, and covered porches. With market demand strong in Bastrop, the projected gross rental income is $360,000 annually. Purchase flexibility further enhances the opportunity. Options include acquiring the full 221-acre portfolio with hay operation ($6.6M, projected NOI ~$408,000 at a 6.18% cap), this rental portfolio on 25 acres ($3.99M, projected NOI ~$288,000 at a 7.22% cap), or alternative splits of 100 acres with structures, 121 acres land only, or 196 acres land only. With immediate leasing potential, reliable agricultural revenue, and multiple exit strategies, this property stands out as both a working ranch and an investment vehicle. For investors seeking steady cash flow with upside appreciation in a thriving corridor, 303 Bobs Trail delivers on every level.

Directions: If you follow Hwy 71 from Austin, you turn South (right) on Hwy 304 towards Gonzales. Follow 304 for about three miles then go right on Lower Red Rock Road until it T's at Bobs Trl. Turn right on Bobs Trl. Property driveway is directly in front of you at the dead end of Bobs Trl.

Cody Maxwell

Cody Maxwell

Capitol Ranch Real Estate, LLC

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Cody Maxwell
Capitol Ranch Real Estate, LLC
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© 2025 Austin Board of REALTORS® Based on information submitted to the MLS GRID as of September 17, 2025 at 12:00:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listed By: Angel Chancellor of Mclane Realty, Llc - (512) 797-7674