$246,000
NAL Estimated Property Value445 Waugh Way, Bastrop, TX, 78602
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This 5 Acres gives you the ability to build your dream home or bring a mobile home onto it. Plus there are two structures that have electric and water. One is a partially finished, on-site custom, hand-built by the sellers, incomplete work of art that you can put your own custom touch to make it into yours to live in while you build and could become a guest house. There's a 181' Deep Well and electricity on-site. Currently, only 1/3 of the property is being used. There is a dry creek that runs through the middle of the property cutting it in half. There's a great clearing in the back of the property for the 2nd residence. This property has so much potential. There is no septic system and can not go conventional, FHA, or USDA because of this. This would have to be a cash offer or a land loan.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Bastrop
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