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147 Pine Valley DR
About This Property
Discover 6.29 acres of serene, rectangular-shaped land framed by tall, majestic pine trees and the sounds of nature. This picturesque property is ready for your vision-whether that's a custom-built home, weekend retreat, or multi-home investment.
Turnkey utilities - water, electricity, and septic are already on site, saving you thousands in development costs. An old single-wide home was previously on the property and has been removed, leaving a clean slate for new construction.
A charming wet weather pond and a meandering floodplain create a peaceful natural backdrop, while still leaving plenty of buildable space outside the flood zone. The generous acreage offers endless possibilities-horse-friendly, garden-ready, and perfect for creating your private getaway.
Enjoy the best of both worlds: peaceful country living just minutes from Bastrop, Smithville, and Giddings, with quick access to Hwy 21 for easy commuting to Austin or surrounding areas.
Highlights:
6.29 acres with mature pine trees
Rectangular shape for easy planning & fencing
Water, electricity & septic in place
Pond & natural features with large buildable areas
Horses allowed
Minutes to Lake Bastrop and local amenities
Bring your dreams and make them a reality at 147 Pine Valley Dr-properties like this don't come around often!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2026 | Price Decreased |
$275,000
↓ $25K
(8.3%) | |
| Price Decreased | |||
| Nov 7, 2025 | Price Decreased |
$299,900
↓ $25K
(7.7%) | |
| Price Decreased | |||
| Aug 14, 2025 | Listed by Compass RE Texas, LLC | $325,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017