Rare investment/development opportunity in beautiful Tahitian Village of booming Bastrop! This 15,099 sq. ft. beautifully wooded lot (one of the largest on Kahana Lane) ripe for development backs directly to the coveted neighborhood golf course Bastrop River Club. The lower Colorado River is located right around the corner and includes kayak launches, single track mountain bike and hiking trails, and a picnic area! Golf carts are permitted on the public roads of the neighborhood and can be driven into historic downtown Bastrop down Lovers Lane with an affordable annual permit fee. See home under construction two doors down at 148 Kahana Lane for reference on building possibilities for this lot. There are several other homes being built on Kahana Lane as well as other areas of Tahitian Village that reflect the growing popularity of a neighborhood that was established nearly 50 years ago. The lot is partially located in the 100 & 500 year flood plains (see seller-provided survey for details) but is buildable. The Tahitian Village POA charges $0 yearly fee; however, the BCWCID charges a yearly road maintenance of only $204 per lot and property tax rates are very affordable compared to Austin. Water and electric utilities are also easily accessible. Seller is willing to recommend a local builder that has an exemplary track record of working with the highest quality local subcontractors.