607 Magnolia St 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.