Elgin, TX 78621
$895,000
Coldwell Banker RealtyEXCEPTIONAL 8-ACRE UNRESTRICTED DEVELOPMENT OPPORTUNITY along Elgin’s fast-growing FM 1704 growth corridor! Located directly adjacent to the new $108M Legacy Oak Middle School and future Elgin ISD High School campus, this high-yield land assembly features two contiguous 4-acre tracts with strong in-place carrying income. Includes two ~2,000 SF homes generating $4,500/mo ($54,000/yr gross) to offset carrying costs during site planning and entitlement. Home 1 (newer 4BR/2BA) projects $2,300/mo; Home 2 (3BR/2BA + covered storage shed) projects $2,200/mo. Completely UNRESTRICTED in Bastrop County—ideal for residential subdivision (0.25ac / 0.50ac lots trading $50k-$100k+), Build-To-Rent (BTR) duplex community, neighborhood retail center, self-storage, or flex-warehouse. On-site utilities include active water meters, power, and 2 independent septic systems. Sellers offer entire package for $895,000 or land-only baseline for ~$750,000. Rare turn-key holding asset in prime growth path!
Questions on 211 Lower Elgin Rd, or want to see it in person?
Kathleen Magat is a trusted real estate advisor specializing in Reunion Ranch and the surrounding Dripping Springs and Hill Country neighborhoods near Austin. She is highly regarded for her ability to navigate complex transactions with clarity, neutrality, and strategic precision.
Contact
(650) 291-7516 [email protected]1717 W. 6th Street Suite 190, Austin, TX 78703
Brokerage
Douglas Elliman Real Estate
(281) 652-5588 · Designated Broker of Firm: Alice Belinda Fernandez
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