40
Map
546 McAllister RD
About This Property
Nearly 11 acres of pure Texas beauty with a sparkling pool and a 3,950 sq/ft. home positioned directly along the 12th and 13th holes of Colovista Golf Course, no HOA or MUD. A private 1-acre stocked lake (12–15 ft deep) full of bass, bluegill, tilapia, and carp, plus a full irrigation system fed by a private well. A 2,600 sq/ft. fully finished, air-conditioned barndominium offers four distinct sections: equipment storage, workshop, separate studio, and a 2-bedroom, 1-bath apartment with kitchen and living space. Surrounded by mature loblolly pines and accessed by a private drive, this serene haven sits just 10 minutes from downtown Bastrop and 30 minutes from downtown Austin.
The 3,950 sq/ft. main home blends timeless craftsmanship with rustic elegance, featuring reclaimed wood, longleaf pine flooring, Austin stone and detailed trim throughout. A stone fireplace with a reclaimed wood mantel anchors the living area, opening through two sets of French doors to a covered outdoor patio overlooking the pool. The kitchen, thoughtfully remodeled in 2025, features new appliances, stunning countertops, backsplash, lighting, and a large island illuminated by a skylight above. All bathrooms remodeled in 2025.
The detached four-section barn balances function and design with spaces for equipment storage, a workshop, and private studio. Upstairs, the 2-bedroom, 1-bath apartment offers a full kitchen, living area, and deck access with panoramic views that stretch for miles.
And if that's not enough, enjoy your very own 1-acre stocked lake. A dedicated well pump sustains the lake levels and supports the full irrigation system, ensuring the landscape remains vibrant.
A rare retreat that is unforgettable and unmatched. Opportunities like this don't come twice. Experience the balance of acreage, privacy, and refined luxury all just minutes from Bastrop and Austin.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Aug 26, 2026 | In contract | - | |
| In contract | |||
| Jun 13, 2026 | Price Decreased |
$1,690,000
↓ $200K
(10.6%) | |
| Price Decreased | |||
| Apr 1, 2026 | Listed by All City Real Estate Ltd. Co | $1,890,000 | |
| Listed by All City Real Estate Ltd. Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017