20
Map
$120,000
↑ $20K (20%)
●
House -
For Sale
116 Otani CT
Bastrop, TX 78602
3 Beds
2 Baths
1,500 Ft²
$916
Est. Monthly
About This Property
Investor opportunity • under construction • near Colorado River
access. Property located in Bastrop County with proximity to the
Colorado River and surrounding outdoor recreation. Partially
completed structure offers a head start for investors, builders, or
contractors seeking a value-add project with finish-out
potential.
Existing improvements include framed structure and initial construction progress (buyer to verify stage, permits, utilities, and plans). Ideal for completing as a resale, rental, or hold investment. Opportunity to bring your own design, materials, and finishes to maximize return.
Positioned within a growing Bastrop County market with access to nearby roadways, local retail, and river access points. Area demand continues to expand as buyers seek options outside of Austin with proximity to nature and recreation.
Sold as-is. No repairs or completion by seller. Buyer responsible for due diligence on construction status, utilities, permits, and feasibility. Strong upside potential for investors ready to take over and complete the project.
Existing improvements include framed structure and initial construction progress (buyer to verify stage, permits, utilities, and plans). Ideal for completing as a resale, rental, or hold investment. Opportunity to bring your own design, materials, and finishes to maximize return.
Positioned within a growing Bastrop County market with access to nearby roadways, local retail, and river access points. Area demand continues to expand as buyers seek options outside of Austin with proximity to nature and recreation.
Sold as-is. No repairs or completion by seller. Buyer responsible for due diligence on construction status, utilities, permits, and feasibility. Strong upside potential for investors ready to take over and complete the project.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$80
Property Type
House
Property Taxes
$327
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 17 days ago (Unlock MLS #ACT5167661)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 28, 2026 | Price Increased |
$120,000
↑ $20K
(20%) | |
| Price Increased | |||
| Aug 27, 2026 | Relisted | $100,000 | |
| Relisted | |||
| Jul 28, 2026 | In contract | - | |
| In contract | |||
| Jul 23, 2026 | Price Decreased |
$100,000
↓ $100K
(50%) | |
| Price Decreased | |||
| Jul 21, 2026 | Relisted | $200,000 | |
| Relisted | |||
Show More
Property Highlights
Garage
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway, Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Primary Bedroom on Main
Appliances: None
Flooring Type: See Remarks
Exterior Details
Square Footage: 1500
Square Footage Source: $0
Green Sustainability
Property Condition: Under Construction
Year Built Source: Public Records
Year Built: 2025
Waterfront Features: None
Builder Name: JR Land Co LLC
Levels: One
Other Structures: None
Window Features: Double Pane Windows
Construction Materials: HardiPlank Type
Patio and Porch Features: Front Porch
Pool Features: None
Lot Features: Cul-De-Sac
Lot Size Area: 11499.84
Lot Size Units: Square Feet
Lot Size Acres: 0.264
Lot Size Square Feet: 11499.84
Water Source: See Remarks
Financial Details
Tax Map Number: 590
Tax Assessed Value: $231,114
Tax Annual Amount: $3,921
Utilities Details
Cooling Type: Electric
Heating Type: Electric
Sewer : None
Location Details
HOA/Condo/Coop Amenities: Trail(s)
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Tahitian Village
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Listed by: Mark Davila
Listed Office: All City Real Estate Ltd. Co - Listing courtesy of Unlock MLS
Phone: (866) 277-6005
Last Updated: 2026-09-10 04:12:37
Data Source: Unlock MLS, MLS# ACT5167661
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: All City Real Estate Ltd. Co - Listing courtesy of Unlock MLS
Phone: (866) 277-6005
Last Updated: 2026-09-10 04:12:37
Data Source: Unlock MLS, MLS# ACT5167661
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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