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Bastrop · Riverwood Acres

$648,000 249 days on market

Reduced from $698,000 · −7.2%

315 Riverwood Dr, Bastrop, TX 78602

  • 5bedrooms
  • 4.5bathrooms
  • 3,222sqft
  • 1.5acres
  • 1960year built

About this home

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.

Property

Type
Single Family Residence
Levels
Two
Year built
1960
Lot size
1.52 acres
Subdivision
Riverwood Acres
MLS #
ACT2196647

Inside

Bedrooms
5
Bathrooms
4.5
Living area
3,222 sqft

Outside / parking

Garage spaces
1
Waterfront
Yes

Schools

Elementary
Emile
High school
Bastrop
District
Bastrop ISD

Costs

Est. annual taxes
$6,740 (2025)

Listing

First listed
Feb 16, 2026
Days listed
249
Original price
$698,000
Status
Active

Listed by Patricia Tuffentsamer, Texas Landera Realty LLC · [email protected] · MLS# ACT2196647 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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