$1,008,000
For Sale

Lower Elgin

Elgin, TX 78621
Browse 15 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Approx. 24 acres out of 95 acres. Option to buy more! This is an unrestricted property (no zoning) located just 28 minutes from Austin Airport and 10 minutes from downtown Elgin, Texas. The land offers versatile opportunities for immediate development or as a long-term investment. Public water and electricity are available nearby, facilitating various development plans. Additionally, the property benefits from an agricultural exemption, keeping annual property taxes low. The area is experiencing significant growth, highlighted by a 600-acre development by LanZola Communities directly across the street. Elgin's population has surged by 34.14% since 2020, reaching 13,140 residents in 2024, with an annual growth rate of 6.79%.This rapid expansion underscores the region's increasing appeal and economic vitality. Given its prime location and the area's robust development trajectory, this property presents an opportunity for investors and developers aiming to capitalize on Elgin's dynamic growth.

  • Property Details
      • Utility FeaturesElectricity Available, Water Available, Sewer Not Available
      • Elementary SchoolBooker T Washington
      • SubdivisionStandifer, William
      • Property SubtypeUnimprovedLand
      • Lot DescriptionAgricultural
      • Original List Price$1,008,000
      • School DistrictElgin ISD
      • Property TypePurchase
      • CountyBastrop
      • MLS #2985744
      • Cost1008000
      • MLS #2985744
      • Utility SourcePublic
      • ViewRural
      • Middle SchoolElgin
      • High SchoolElgin
      • Acres24
      • Days on Market (Cumulative)10

Location

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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