On a private double lot in Bastrop's Village of Colovista, this
custom-built 2023 home puts 2,028 square feet of single-story
living behind a stand of mature oak trees. Inside, an open floor
plan connects the living, dining, and kitchen spaces beneath
exposed wood beams, with bamboo flooring running through every
room. Large windows bring in natural light without giving up the
privacy the tree cover provides. A stone fireplace anchors the
living room along the wall shared with the covered patio, and the
island kitchen features pendant lighting, stainless appliances, and
a walk-in pantry. The primary suite includes an updated primary
bathroom with a freestanding soaking tub, an oversized walk-in
shower, and a large walk-in closet. Off the entry, a dedicated home
office offers great flexibility and can easily be converted into a
4th bedroom. A mud room off the garage and an interior laundry room
keep day-to-day living organized. Outside, the covered patio opens
to a backyard shaded by mature trees on all sides, and a covered
front porch adds a second gathering spot facing the street. This
double lot gives the home more usable yard space than a standard
Colovista homesite. 108 Mountain Laurel Way sits inside The Village
of Colovista, a Bastrop County community built around the Colovista
Golf Club and set among rolling terrain near the Colorado River.
Residents are minutes from Lake Bastrop, downtown Bastrop's shops
and restaurants, and a manageable drive into Austin. The home is
zoned to Smithville ISD, with assigned schools at Smithville
Elementary, Smithville Junior High, and Smithville High School.
This 4-bedroom, 2-bathroom home at 108 Mountain Laurel Way puts new
construction inside an established golf course community within
reach, without the wait of a build.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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