ActiveResidential · sale

121 Pony Grass Ln

Bastrop, TX 78602

$339,900

  • 3 beds
  • 1 baths
  • 1,360 sq ft
  • 1.22 acres
  • Built 1987

Listed by Kana Real Estate · MLS #ACT7762079

A FEW THINGS TO NOTICE

What stands out.

Living spaces

The spacious living room is filled with natural light & offers plenty of room to gather & unwind.

Year built

Built in 1987.

Property size

1.22 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Charming Country Retreat on 3 Lots with Room to Roam!
This adorable home offers the perfect blend of comfort, functionality, and scenic beauty—all set on three spacious lots surrounded by improved pastures and towering pine trees.
Start your mornings on the expansive covered front porch, where you can take in peaceful views of the front yard & lush pastureland. Out back, a versatile sunroom provides the perfect space for a mudroom, craft or sewing room, home office, or simply a relaxing retreat filled with natural light.
Inside, the open-concept layout creates a bright & airy feel, enhanced by abundant windows that frame the property’s picturesque surroundings. Durable tile flooring throughout makes for easy maintenance, while the kitchen shines with ample cabinetry, generous counter space, & a gas range—ideal for everyday living or entertaining. A newer electric tankless water heater adds modern efficiency.
The updated bathroom features a stylish new vanity & a step-in Jacuzzi shower for added comfort. The spacious living room is filled with natural light & offers plenty of room to gather & unwind.
Step outside and you’ll find a fully fenced & cross-fenced property with multiple gated areas—perfect for animals or flexible land use. The shop/barn includes a stable (currently suited for smaller animals but easily modified for larger ones), plus a backyard greenhouse ready for your gardening projects.
Enjoy the added bonus of direct access to the neighborhood park through a private gate at the end of the cul-de-sac. The park features two ponds, a pavilion, playscape, & picnic area near the fire station—perfect for outdoor enjoyment close to home.
It is only 10 minutes to downtown Bastrop for dining, shopping, & live music, 20 minutes to SpaceX, Starlink, The Boring Company, and X, 35 minutes to Austin-Bergstrom International Airport.
Plenty of room for a few horses (no pigs allowed), with space, privacy, & convenience all wrapped into one charming property.

THE NEIGHBORHOOD

Explore the location.

121 Pony Grass Ln, Bastrop, TX 78602

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1987
Full baths
1
Half baths
0
Garage spaces
0
Cooling
Ceiling Fan(s), Central Air, Electric
Heating
Central
Appliances
Dishwasher, Microwave, Free-Standing Gas Range, Tankless Water Heater, Electric Water Heater
Flooring
Concrete, Tile
Fencing
Cross Fenced, Full, Gate, Livestock, Perimeter, Wire
Accessibility
None
Pool features
None
Subdivision
CIRCLE D SEC 6
Parcel
R28952
HOA
Circle D Civic Association
HOA amenities
Maintenance Grounds
HOA fee frequency
Annually
Elementary school
Lost Pines
Middle school
Bastrop
High school
Bastrop
Annual property tax
$4,829.62
HOA fee
$125.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$620.79
Estimated monthly rent$1,416.25
Cap rate2.44%

Annual operating income: $8,299.22

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Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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121 Pony Grass Ln, Bastrop, TX 78602 · MLS #ACT7762079

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Listing information

MLS #ACT7762079 · Austin Board of Realtors

Listing brokerage: Kana Real Estate
Listing agent: Dawn Kana

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.