
Located just moments from the heart of historic downtown Bastrop, 607 Magnolia Street presents a rare opportunity to secure a strategically positioned property with long-term upside in one of Central Texas’ fastest-growing markets. Set on a generous lot with no HOA, this property offers flexibility for a wide range of buyers — from owner-occupants seeking charm and convenience, to investors focused on appreciation, rental demand, and future redevelopment potential. Walkable proximity to downtown shops, dining, and community events enhances both lifestyle appeal and rental desirability, while easy access to Highway 71 keeps Austin within reach. The home’s efficient footprint and lot configuration open the door to multiple value-add strategies: renovate and hold, reposition as a long-term rental, explore short-term rental potential (buyer to verify), or capitalize on the underlying land value as Bastrop continues its upward growth trajectory. Properties this close to downtown with no HOA restrictions are increasingly scarce — making this a compelling acquisition in today’s market. Surrounded by ongoing development, rising demand, and Bastrop’s expanding reputation as a lifestyle and investment destination, 607 Magnolia St is more than a home — it’s a smart move in a market where location and flexibility drive returns. Ideal for buyers seeking character, investors pursuing cash flow or appreciation, and anyone looking to secure a foothold in a high-growth Texas community.
Based on information submitted to the MLS GRID as of 2026-01-22 16:50:25 UTC. 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.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated: . Source: ACTRIS
Provided By
Listing Agent: Lauren McCalla (#826296), Phone: (512) 502-7601
Listing Office: JBGoodwin REALTORS WL (#003302)

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