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198 W Kelley RD
About This Property
Tucked among tall pine trees, the property has a peaceful feel from the moment you arrive. Morning light filters through the trees, blue jays call overhead, and the occasional bunny or deer passes through, making nature part of your everyday rhythm.
The land opens the door to endless possibilities, whether you're dreaming of expanding the home, adding a guest house or studio, creating space for multigenerational living, or simply enjoying the privacy of acreage. There's room for gardens, a greenhouse, outdoor entertaining, or a workshop for creative projects.
Inside offers comfortable, easy living, while outside is a blank canvas ready for your vision. This is more than just a property, it's a place to slow down, settle in, and create something truly special in Bastrop.
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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 |
|---|---|---|---|
| May 16, 2026 | In contract | - | |
| In contract | |||
| Apr 16, 2026 | Listed by Christie's Int'l Real Estate | $385,000 | |
| Listed by Christie's Int'l Real Estate | |||
| Apr 3, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Mar 9, 2026 | Listed by All City Real Estate Ltd. Co | $389,000 | |
| Listed by All City Real Estate Ltd. Co | |||
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Discover the perfect blend of peaceful country living and convenient access to town at 198 Kelley Road in Bastrop, Texas. Situated on a spacious homesite surrounded by mature trees and open skies, this property offers the quiet, rural setting many buyers are searching for while still being just a short drive to Bastrop’s shopping, dining, and everyday essentials.
The home features a comfortable layout designed for both everyday living and entertaining. Natural light fills the interior, creating a warm and inviting atmosphere throughout the main living areas. The kitchen offers ample cabinet and counter space, making it functional for daily meals or gatherings with family and friends.
Step outside and enjoy the wide-open Texas setting. The property provides room to spread out, garden, keep animals, or simply enjoy the privacy and slower pace of country life. With plenty of outdoor space and mature trees, it’s easy to imagine relaxing evenings under the stars or weekend projects that make the property your own.
Located in the growing Bastrop area, you’ll enjoy the charm of a historic Texas town along with easy access to nearby parks, the Colorado River, and commuting routes toward Austin.
Whether you’re looking for a primary residence, a place to enjoy the country lifestyle, or a property with room to grow, 198 Kelley Road offers the space, setting, and potential to make it your own.
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| Dec 9, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017