$450,000
●
Land -
Off Market
231 Hoffman RD
Bastrop, TX 78602
Studio
0 Bath
$2,676
Est. Monthly
4.24%
Cap Rate
About This Property
This picturesque 8.9 acre tract of land, located within the city
limits, offers the ideal spot to build your dream home and is
perfectly situated to capture the best hilltop views. The property
features gentle sloping terrain that leads to a stunning pond with
its tranquil waters reflecting the sky above. There are many
changes in elevation throughout the property and the sunsets here
are nothing short of magical. With ample space for outdoor fun and
entertaining or peaceful strolls, this land is a sanctuary for
those seeking tranquility and connection. Here you will enjoy
country living while being only minutes from historic downtown
Bastrop restaurants, shopping and entertainment. Electricity is
already connected on the property. AQUA water available.
Unit Size
-
Days on Market
-
Land Size
8.93 acres
Price per sqft
-
Property Type
Land
Property Taxes
$466
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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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: 2 years ago (Unlock MLS #ACT4393559)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2025 | Listed by RE/MAX Bastrop Area | $450,000 | |
| Listed by RE/MAX Bastrop Area | |||
| Sep 1, 2025 | No longer available | - | |
| No longer available | |||
| Jul 22, 2025 | Price Decreased |
$450,000
↓ $45K
(9.1%) | |
| Price Decreased | |||
| Mar 6, 2025 | Listed by RE/MAX Bastrop Area | $495,000 | |
| Listed by RE/MAX Bastrop Area | |||
   | |||
|
This picturesque 8.9 acre tract of land, located within the city limits, offers the ideal spot to build your dream home and is perfectly situated to capture the best hilltop views. The property features gentle sloping terrain that leads to a stunning pond with its tranquil waters reflecting the sky above. There are many changes in elevation throughout the property and the sunsets here are nothing short of magical. With ample space for outdoor fun and entertaining or peaceful strolls, this land is a sanctuary for those seeking tranquility and connection. Here you will enjoy country living while being only minutes from historic downtown Bastrop restaurants, shopping and entertainment. Electricity is already connected on the property and AQUA water is available.
| |||
| Jan 4, 2020 | No longer available | - | |
| No longer available | |||
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Property Highlights
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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 Bastrop
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Listed by: Roxanne Hayes
Listed Office: RE/MAX Bastrop Area - Listing courtesy of Unlock MLS
Phone: (512) 303-4441
Last Updated: 2025-09-30 04:24:38
Data Source: Unlock MLS, MLS# ACT4393559
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: RE/MAX Bastrop Area - Listing courtesy of Unlock MLS
Phone: (512) 303-4441
Last Updated: 2025-09-30 04:24:38
Data Source: Unlock MLS, MLS# ACT4393559
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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