Description
Investment Opportunity Meets Hill Country Living on 3 Acres Discover the perfect blend of lifestyle and investment potential at 349 Ponderosa Rd in Bastrop. Situated on 3 beautiful acres, this unique property offers privacy, room to grow, and endless possibilities. Whether you’re searching for a spacious personal residence or a turnkey income-producing property, this home delivers exceptional versatility with plenty of space for future improvements, additional structures, recreational amenities, or customized outdoor living. Inside, you’ll find bright, open living spaces filled with natural light, soaring ceilings, rustic-modern finishes, and expansive windows that create a warm, inviting atmosphere. The converted garage adds approximately 320 square feet of additional living space, making it ideal for a fourth bedroom, game room, home office, gym, or flex space to suit your needs. Step outside to your own private retreat featuring a sparkling in-ground pool with a waterfall, generous patio space for entertaining, and peaceful country views. With 3 acres of usable land, there’s ample room to build a workshop, guest house, additional garage, outdoor entertaining areas, or simply enjoy the extra space and privacy. For investors, this property is already occupied by a corporate leasing company, providing immediate rental income and demonstrating strong appeal for executive and corporate housing. The home has an established rental history and offers flexibility for continued investment or future owner occupancy. Showings Available from 9AM - 1PM on Thursdays. Must schedule through Showingtime.
Details
| MLS # | 7824194 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2006 |
| Days On Site | 34 |
| Listing Provided By | LoKation Real Estate, LLC | Connor James |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,538 |
| Pool | Yes |
| Story(s) | 1 |
| Acreage | 3.00 |
| Water Front | Yes |
| Property View | Pasture, Trees, Woods |
Interior
| Interior Features | Primary Bedroom on Main, Two Primary Closets, Walk-In Closet(s) |
|---|---|
| Cooling | Central Air |
| Heating | Central |
| Appliances | Dishwasher, Disposal, Oven |
| Fireplace Features | Family Room, Wood Burning |
| Fireplaces Total | 1 |
| Window Features | None |
| Flooring | Concrete |
Exterior
| Exterior Features | Outdoor Grill, Private Entrance, Private Yard |
|---|---|
| Roof | Composition |
| Foundation Details | Slab |
| Lot Features | Agricultural, Back Yard, Private, Trees-Medium (20 Ft - 40 Ft) |
| Patio And Porch Features | Covered |
| Fencing | Back Yard, Barbed Wire, Wood |
| Construction Materials | Brick, Concrete, Vinyl Siding |
Parking
| Parking Features | Driveway, Private |
|---|---|
| Garage Spaces | 0 |
Utilities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Septic Tank |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 3969 |
|---|
Area Information
| State | TX |
|---|---|
| County | Bastrop |
| City | Bastrop |
| Zip Code | 78602 |
| Area | SV |
| Community Name | Highsmith, A M |
| School District | Smithville ISD |
| Elementary School | Smithville |
| High School | Smithville |
| Listing VS Median (in Highsmith, A M) | |
Price: $499,000 low | high Med: $0 On site: 34 low | high Med: | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 28, 2026 at 9:00:12 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | TX |
|---|---|
| County | Bastrop |
| City | Bastrop |
| Zip Code | 78602 |
| Area | SV |
| Community Name | Highsmith, A M |
| School District | Smithville ISD |
| Elementary School | Smithville |
| High School | Smithville |
| Listing VS Median (in Highsmith, A M) | |
Price: $499,000 low | high Med: $0 On site: 34 low | high Med: | |
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