Date
Details
Price
Change
Source
5/14/2026
Listed
$199,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Prime 0.50-acre infill site positioned along Martin Luther King Jr Dr with strong visibility and direct access to major transportation corridors. Located in a high-growth Bastrop submarket, this property presents a compelling value-add opportunity through rezoning and redevelopment. The site includes an older residential structure; however, the highest and best use is commercial or mixed-use development. Investment Highlights 0.50 Acres (21,780 SF) High-visibility location with strong traffic exposure Strategic positioning near major highway access Flat, usable lot with development potential Existing structure (tear-down or repurpose) Utilities available in the area Located in the path of growth in Bastrop
Full Property Details
Full Property Details for 502 Martin Luther King Jr Dr
General
- Price: $199,999
- Taxes: $6,800 (2026)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 3456787
- Updated: Today (5/14/2026)
- Added to Site: Today
Interior
- Interior Features: None
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main: 2
Additional Information
- Shared Amenities: None
- Security/Safety: None
Exterior
- Exterior Features: None
Parking
- Total Spaces: 1
- Parking Features: None
Location
- Area: BA
- County: Bastrop
- Subdivision: Building Blk
- Driving Directions: Drive east on Chestnut St/Loop 150. Right to Martin Luther King Jr Drive. Property is on the right.
- Direction Faces: East
School Information
- Elem School District: Bastrop ISD
- Midd School District: Bastrop ISD
- High School District: Bastrop ISD
- Elementary School: Bluebonnet (Bastrop ISD)
- Middle School: Bastrop
- High School: Bastrop
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available
Structural Information
- Detached/Attached: Detached
- Roof: Aluminum
- Windows: Wood Frames
- Stories/Levels: 1
- Square Feet: 1,036
- Sq. Ft. Source: Public Records
- Living Area: 1,036 Sq. Ft.
- Year Built: 1905
- Year Built Source: Owner
- Property Condition: Tear Down / Value in Land
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.54
- Lot Size (Sq. Ft.): 23,522.4
- Lot Features: Corner Lot
- Fencing (Description): None
Financial Considerations
- Assessment Amount: $270,482
- Tax Amount: $6,800
- Tax Year: 2026
- Terms: Cash
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: See Remarks
- Legal Description: BUILDING BLOCK 57 E W ST, ACRES 0.536
- Disclosures/Reports: None
- Property ID: 35745
- Block: 57
- Lot Number: 1
Listed by Beycome Brokerage Realty LLC
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Listing agent
— 502 Martin Luther King Jr Dr —
Beycome Brokerage Realty LLC
(804) 656-5007
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 502 Martin Luther King Jr Dr
School District:Bastrop Independent School District
| Name | Grades | Distance |
|---|---|---|
Emile Elementary School 601 Mlk, Bastrop, TX 78602 | PK-5 | 0.1 mi |
Bastrop High School 1614 Chambers Street, Bastrop, TX 78602 | 9-12 | 0.8 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 502 Martin Luther King Jr Dr
Tax History
Tax History for 502 Martin Luther King Jr Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,441
20%
$450,039
-2%
2023
$3,687
100%
$456,984
143%
2022
100%
$187,835
2%
2022
100%
$184,394
12%
2021
-100%
$164,066
88%
2020
$2,149
—
$87,333
2%
2019
$2,139
—
$85,404
-18%
2019
$2,139
-12%
$104,499
11%
2017
$2,438
13%
$93,979
13%
2016
$2,163
13%
$83,066
-3%
2014
$1,915
—
$85,218
—
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 502 Martin Luther King Jr Dr
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- Single Family
- Active
- Updated 5 days ago
- 6Beds
- 4Total Baths
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502 Martin Luther King Jr Drive, Bastrop, TX 78602 (MLS# 3456787) is a Single Family property with 2 bedrooms and 1 full bathroom. 502 Martin Luther King Jr Drive is currently listed for $199,999 and was received on May 14, 2026. Want to learn more about 502 Martin Luther King Jr Drive? Do you have questions about finding other Single Family real estate for sale in Bastrop? You can browse all Bastrop real estate or contact a Coldwell Banker agent to request more information.