315 Riverwood DR, Bastrop TX 78602
Bastrop, TX 78602 · Riverwood Acres
Single Family Residence for sale in Riverwood Acres
Overview
Property Description
LIVE. GATHER. INVEST. ESCAPE. Imagine waking up on the Colorado River, kayaking in the afternoon, gathering around the fire at sunset, and hosting family and friends beneath your private riverside pavilion. Seller offering to pay up to $13,000 toward Buyer's Closing Costs! MOTIVATED SELLER—BRING US AN OFFER! Own your own private riverfront resort on the beautiful Colorado River in Bastrop. This rare multi-generational estate offers sweeping water views, direct river access, and exceptional flexibility for living, hosting, or investment. A shaded, tree-lined drive leads to this serene retreat featuring a private pavilion, two fire pits, and a peaceful riverbank perfect for fishing, kayaking, or relaxing by the water. The versatile rustic log cabin offers potential as a studio, guest space, or fourth unit with the addition of a bath. The studio includes a full kitchen with range, microwave, and refrigerator plus a full bath with shower—ideal for guests, extended family, or rental income. The 3-bedroom unit features custom tile finishes, full kitchen, open living and dining area, full bath, and covered patio overlooking the backyard and river. Upstairs, the owner's suite showcases antique wood floors, custom woodwork, a private deck with breathtaking river views, and a gourmet kitchen with island cooktop and wall ovens. Additional features include a spacious bedroom with built-ins, oversized walk-in closet, laundry area, 3/4 bath, and spa-inspired primary bath with clawfoot tub and leaded-glass window. Elevator access adds convenience to the upper level. From morning coffee on the deck to evenings around the fire, every space embraces the river lifestyle. Just minutes from historic downtown Bastrop, enjoy shopping, dining, and small-town charm while maintaining privacy and seclusion. Endless possibilities for multi-generational living, short-term rental income, private retreats, or event hosting. Long term leasing estimated between $5000 - $6000 per month.
Financial Info
- Price
- $648,000
- $ / Sqft
- $201
- HOA
- None
- Tax Rate
- 1.57%
- Est. Taxes
- $6,740
- Tax Year
- 2025
- Exemptions
- Homestead, Over 65
Legal Info
- Address
- 315 Riverwood DR
- County
- Bastrop
- City
- Bastrop
- State
- TX
- Zip
- 78602
- Subdivision
- Riverwood Acres
- Legal Description
- RIVERWOOD ACRES, BLOCK 1, LOT 11, ACRES 1.5230
- Parcel
- 36915
Interior Features
- Floor
- No Carpet, Tile, Vinyl, Wood
- Num Living
- 4
- Dining
- 4
- Kitchen
- Eat-in Kitchen, Granite Counters, Kitchen Island, Pantry
- Appliances
- Cooktop, Dishwasher, Disposal, Dryer, Electric Range, Gas Cooktop, Microwave, Double Oven, Range, Free-Standing Electric Range, Refrigerator, Washer/Dryer, Gas Water Heater, Tankless Water Heater
- Laundry
- See Remarks, Main Level, Upper Level
- Master Main
- Yes
- Interior Features
- Vaulted Ceiling(s), Central Vacuum, Eat-in Kitchen, Entrance Foyer, Granite Counters, High Speed Internet, In-Law Floorplan, Kitchen Island, Pantry, Stone Counters, Storage, Interior Steps, Electric Dryer Hookup, Multiple Living Areas, Multiple Dining Areas, Washer Hookup, Laminate Counters, Study/Home Office, Smoke Detector(s), Window Treatments
General Info
- Beds
- 5 Total / 4 Main Level / 1 Other Level
- Full / Half Baths
- 4 / 1
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 2
- Year Built
- 1960 / Updated/Remodeled
- Square Feet
- 3,222 / Public Records
- Garages
- 1
- Garage Desc
- Additional Parking, Attached, Carport, Circular Driveway, Covered, Driveway, Garage, Garage Door Opener, Garage Faces Front, Storage
- Foundation
- Slab
- Roof
- Metal
- Construction
- Cedar, Log
- Acres
- 1.52
- Lot Description
- Back Yard, Front Yard, Garden, Gentle Sloping, Interior Lot, Sloped Down, Trees-Large (Over 40 Ft), Many Trees, Trees-Moderate, Views
- Restrictions
- None
- Flood Plain
- Yes-100 yr
- View
- River
- Water Access
- Yes
- Waterfront
- Yes
- Area
- BA
Utility Info
- Water
- Private
- Sewer
- Septic Tank
- Utilities
- Electricity Connected, Propane, Sewer Connected, Water Connected
- Heat
- Propane
- A C
- Electric
Exterior Features
- Fence
- See Remarks
- Exterior Features
- Balcony, Dog Run, Exterior Steps, Gutters Partial, Kennel, Lighting, Outdoor Grill, Private Yard, Covered, Deck, Patio, Porch, Rear Porch
- Pool On Property
- No
- Area Amenities
- See Remarks, Fishing, Laundry Facility(s), Tenant Access Cargo Elevator
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Oct 7, 2026 | Price Decrease | $648,000−$27,000 (−4%) | −$27,000 (−4%) |
| May 9, 2026 | Price Decrease | $675,000−$23,000 (−3.3%) | −$23,000 (−3.3%) |
| Feb 16, 2026 | New Listing | — |
Taxes
- Owner
- EARNEST, MICHAEL S
- Legal
- RIVERWOOD ACRES, BLOCK 1, LOT 11, ACRES 1.5230
- Geo ID
- 36915
- Acreage
- 1.52
- Exemption Type
- Over 65 Homestead Local Option, Homestead, Over 65
- T1
- BASTROP COUNTY
- T2
- BASTROP ISD
- T4
- BASTROP COUNTY EMERGENCY SVC DIST #2
- T6
- BASTROP COUNTY EMERGENCY SVC DIST #3
- T7
- COUNTY ROAD FM
- MLS estimated annual taxes
- $6,740
- MLS tax year
- 2025
- CAD estimated taxes
- $4,906.02
- CAD source year
- 2026
| Year | Land | Improvements | Market | Appraised | Assessed |
|---|---|---|---|---|---|
| 2026 | $136,768 | $308,286 | $445,054 | $445,054 | $432,602 |
| Capped | Taxable | Assessed | Land HS | Imp HS | CAD Est. Tax | Taxing Unit |
|---|---|---|---|---|---|---|
| $432,602 | $407,602 | — | — | — | $1,303.90 | BASTROP COUNTY |
| $432,602 | $232,602 | — | — | — | $2,445.96 | BASTROP ISD |
| $432,602 | $432,602 | — | — | — | $432.60 | BASTROP COUNTY EMERGENCY SVC DIST #2 |
| $432,602 | $432,602 | — | — | — | $432.60 | BASTROP COUNTY EMERGENCY SVC DIST #3 |
| $432,602 | $407,602 | — | — | — | $290.96 | COUNTY ROAD FM |
Source: Bastrop County
Schools
School Info
- District
- Bastrop ISD
- Elementary
- Emile
- Middle
- Bastrop
- High
- Bastrop
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$4,379 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $4,379
- Principal & interest
- $3,277
- Property taxes
- $562
- Homeowners insurance
- $540
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $518,400 | $5,794 | $33,525 | $512,606 | |
| 2 | $512,606 | $6,182 | $33,137 | $506,423 | |
| 3 | $506,423 | $6,596 | $32,723 | $499,827 | |
| 4 | $499,827 | $7,038 | $32,282 | $492,789 | |
| 5 | $492,789 | $7,510 | $31,810 | $485,279 | |
| 6 | $485,279 | $8,012 | $31,307 | $477,267 | |
| 7 | $477,267 | $8,549 | $30,771 | $468,718 | |
| 8 | $468,718 | $9,122 | $30,198 | $459,596 | |
| 9 | $459,596 | $9,732 | $29,587 | $449,864 | |
| 10 | $449,864 | $10,384 | $28,935 | $439,479 |
- Year 1$512,606
- Principal paid
- $5,794
- Interest paid
- $33,525
- Starting balance
- $518,400
- Year 2$506,423
- Principal paid
- $6,182
- Interest paid
- $33,137
- Starting balance
- $512,606
- Year 3$499,827
- Principal paid
- $6,596
- Interest paid
- $32,723
- Starting balance
- $506,423
- Year 4$492,789
- Principal paid
- $7,038
- Interest paid
- $32,282
- Starting balance
- $499,827
- Year 5$485,279
- Principal paid
- $7,510
- Interest paid
- $31,810
- Starting balance
- $492,789
- Year 6$477,267
- Principal paid
- $8,012
- Interest paid
- $31,307
- Starting balance
- $485,279
- Year 7$468,718
- Principal paid
- $8,549
- Interest paid
- $30,771
- Starting balance
- $477,267
- Year 8$459,596
- Principal paid
- $9,122
- Interest paid
- $30,198
- Starting balance
- $468,718
- Year 9$449,864
- Principal paid
- $9,732
- Interest paid
- $29,587
- Starting balance
- $459,596
- Year 10$439,479
- Principal paid
- $10,384
- Interest paid
- $28,935
- Starting balance
- $449,864
Nearby
12 closest listings to 315 Riverwood DR, Bastrop TX 78602 (within 2 miles).
Courtesy of Texas Landera Realty LLC · (512) 825-0073
Listings courtesy of ACTRIS as distributed by MLS GRID.