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206 Ulupau CIR
About This Property
Welcome to your dream home in the coveted Tahitian Village community of Bastrop, Texas - where towering pines, sweeping river valley views, and thoughtful design come together in perfect harmony.
This custom-built stunner sits on a peaceful 1/3-acre lot on a quiet street, perched just high enough to capture breathtaking views of the Colorado River and the surrounding pine forest. Whether you're sipping morning coffee on the expansive second-story patio or entertaining on the spacious backyard deck, you'll feel the serenity of nature all around you.
Inside, the home features a bright, open floor plan designed for both relaxation and entertaining. With 4 spacious bedrooms and 3.5 bathrooms, there's room for everyone. Two of the bedrooms include private en-suite baths, offering luxurious accommodations for family or guests.
The chef's kitchen is a showstopper, complete with a large waterfall-edge quartz island, stainless steel appliances (including a refrigerator), and custom cabinetry that's as functional as it is beautiful.
A striking electric fireplace anchors the living space, adding warmth and style. Upstairs, the covered patio extends your living area outdoors, with panoramic views of the Colorado River Valley and iconic Central Texas sunsets.
Located just blocks from the river and surrounded by amenities like the Bastrop River Club Golf Course, nature parks, hiking trails, fishing spots, and kayak access, this home puts outdoor adventure at your doorstep. And for commuters or investors, it's ideally positioned near major tech employers like SpaceX, The Boring Company, Tesla Gigafactory, and the future X (Twitter) headquarters.
This is more than a home - it's a lifestyle.
Schedule your private tour of 206 Ulupau Circle today and experience the perfect blend of luxury, nature, and convenience in one of Bastrop's most sought-after neighborhoods.
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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 |
|---|---|---|---|
| Jul 23, 2025 | In contract | - | |
| In contract | |||
| Jul 9, 2025 | Price Decreased |
$499,990
↓ $25K
(4.8%) | |
| Price Decreased | |||
| Jul 2, 2025 | Price Decreased |
$525,000
↓ $25K
(4.6%) | |
| Price Decreased | |||
| May 19, 2025 | Price Decreased |
$549,999
↓ $35K
(6%) | |
| Price Decreased | |||
| Apr 20, 2025 | Listed by All City Real Estate Ltd. Co | $585,000 | |
| Listed by All City Real Estate Ltd. Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017