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$675,000
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Property Description
Own your own private Rriverfront 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. The property features a versatile rustic log cabin ideal for use as an office, studio, guest space, or potential fourth unit with the addition of a bath. A shaded, tree-lined drive leads you through this serene setting designed for relaxation and connection. Outdoor amenities include a pavilion for entertaining, two fire pits for evening gatherings, and a peaceful riverbank perfect for fishing, kayaking, or simply enjoying the natural surroundings. The studio apartment includes t a full kitchen with range, microwave, and refrigerator, and a full bath with shower-ideal for guests, rental income, or extended family. The three-bedroom unit showcases custom tile finishes, a full kitchen, and an open living and dining area with a full bath and covered patio overlooking the backyard and river. The upstairs owner's suite offers antique wood floors, custom woodwork, a private deck with breathtaking river views, and a gourmet kitchen featuring an island cooktop and wall ovens. Additional highlights include a spacious bedroom with built-ins, oversized walk-in closet, laundry area, 3/4 bath off the kitchen, and a spa-inspired bathroom with claw foot tub and leaded glass window. Elevator access adds convenience throughout the home. From morning coffee on the upper deck to evenings around the fire pits, every space is designed to embrace the river lifestyle. Located just minutes from historic downtown Bastrop, residents enjoy boutique shopping, dining, and small-town charm along the Colorado River while maintaining privacy and seclusion. Endless possibilities include multi-generational living, Airbnb or short-term rental income, private retreat use, event hosting, or a work-from-home compound. This is more than a home-it's a lifestyle.
Full Property Details
Full Property Details for 315 Riverwood Dr
General
- Price: $675,000
- Taxes: $6,181 (2025)
- Status: Active
- Type: Multi-Family
- Source: Austin_MLS
- MLS ID: 9355935
- Updated: 6/10/2026
- Added to Site: 64 day(s) ago
Interior
- Interior Features: Central Vacuum, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Granite Counters, High Speed Internet, In-Law Floorplan, Interior Steps, Kitchen Island, Laminate Counters, Multiple Living Areas, Multiple Dining Areas, Pantry, Stone Counters, Storage, Study, Vaulted Ceiling(s)
- Appliances: Cooktop, Double Oven, Dryer, Dishwasher, Electric Range, FreeStandingElectric Range, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
- Flooring: Carpet Free, Tile, Vinyl, Wood
Rooms
Other Rooms
- Laundry: Main Level, See Remarks, Upper Level, Washer Hookup, Dryer Hookup, ElectricDryer Hookup
Additional Information
- Shared Amenities: Fishing, Laundry Facilities, See Remarks
- Security/Safety: Smoke Detector(s)
- Equipment: Varies by Unit
Exterior
- Exterior Features: Balcony, Dog Run, Exterior Steps, Kennel, Lighting, Outdoor Grill, Private Yard, Rain Gutters
- Porch/Patio/Deck: Rear Porch, Covered, Deck, Patio, Porch, Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Carports: Yes
- Covered Spaces: 1
- Total Spaces: 10
- Parking Features: Additional Parking, Attached, Circular Driveway, Covered, Carport, Driveway, Garage Faces Front, Garage, Garage Door Opener, Storage
Location
- Area: BA
- County: Bastrop
- Subdivision: Riverwood Acres
- Driving Directions: From Hwy 71 in Bastrop take Hwy 150 thru downtown. Turn Left on Main St to Left on Cedar St. Then Right on Carter then Left on Riverwood. GPS will stop you way before the property. Stay on Riverwood until you see the address on the Mail box and the 'For Sale' sign.
- Direction Faces: Northwest
School Information
- Elem School District: Bastrop ISD
- Midd School District: Bastrop ISD
- High School District: Bastrop ISD
- Elementary School: Emile
- Middle School: Bastrop
- High School: Bastrop
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Propane
Utilities
- Sewer: Septic Tank
- Water: Private
- Utility Description: Electricity Available, Electricity Connected, Propane, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Cedar, Log
- Roof: Metal
- Windows: Window Treatments
- Stories/Levels: 2
- Square Feet: 3,222
- Sq. Ft. Source: Public Records
- Living Area: 3,222 Sq. Ft.
- Year Built: 1960
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
Additional Structures
- Other Structures: Kennel/Dog Run, Guest House, Outbuilding, Second Residence, Shed(s), See Remarks, Workshop
Lot Features
- Property View: River, Trees/Woods, Water
- Lot Size (Acres): 1.523
- Lot Size (Sq. Ft.): 66,341.88
- Fence: Yes
- Lot Features: Back Yard, Sloped Down, Front Yard, Garden, Gentle Sloping, Interior Lot, Moderate Trees, Many Trees, Trees Large Size, Views
- Fencing (Description): See Remarks
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Colorado River
- Water Front Desc.: River Front, Waterfront
Financial Considerations
- Assessment Amount: $429,131
- Tax Amount: $6,181.53
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
- Owner Pays: None
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial, Survey
- Legal Description: RIVERWOOD ACRES, BLOCK 1, LOT 11, ACRES 1.5230
- Disclosures/Reports: Lead Based Paint Disclosure, Seller Disclosure
- Property ID: 315 Riverwood
- Block: 1
- Lot Number: 11
Listed by Texas Landera Realty LLC
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Schools
Schools serving 315 Riverwood Dr
School District:Bastrop Independent School District
| Name | Grades | Distance |
|---|---|---|
Mina Elementary School 1203 Hill Street, Bastrop, TX 78602 | PK-5 | 1.9 mi |
Bastrop Middle School 725 Old Austin Highway, Bastrop, TX 78602 | 7-8 | 0.7 mi |
Bastrop High School 1614 Chambers Street, Bastrop, TX 78602 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 315 Riverwood Dr
Date
Details
Price
Change
Source
5/09/2026
Price Reduced
$675,000
-3.3%
MLS
4/20/2026
Listed
$698,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 315 Riverwood Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,434
-12%
$393,565
-13%
2023
$5,042
100%
$454,952
—
2023
-100%
$454,356
98%
2021
$4,018
3%
$229,634
-37%
2022
$3,904
-2%
$366,491
68%
2020
$3,976
8%
$218,434
10%
2019
$3,693
—
$197,904
—
2019
$3,693
-11%
$198,848
-6%
2017
$4,129
26%
$211,007
2%
2016
$3,272
-4%
$206,978
5%
2014
$3,407
—
$197,947
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 315 Riverwood Dr
315 River Wood Drive, Bastrop, TX 78602 (MLS# 9355935) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 315 River Wood Drive is currently listed for $675,000 and was received on April 20, 2026. Want to learn more about 315 River Wood Drive? Do you have questions about finding other Multi-Family real estate for sale in Bastrop? You can browse all Bastrop real estate or contact a Coldwell Banker agent to request more information.

