New ListingEXCEPTIONAL 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!
| MLS # | 8147258 |
|---|---|
| Listing Type | For Sale |
| Style | See Remarks |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 2 |
| Listing Provided By | Coldwell Banker Realty | Noble Smith |
| SQ Feet | 4,000 |
|---|---|
| Building(s) | 2 |
| Zoning | No Restrictions |
| Acreage | 8.00 |
| Topography | Flat Lot |
|---|---|
| Construction Materials | See Remarks |
| Parking Features | See Remarks |
|---|
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|
| List Aor | Austin Board Of Realtors |
|---|
| State | TX |
|---|---|
| County | Bastrop |
| City | Elgin |
| Zip Code | 78621 |
| Area | BA |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $895,000 low | high Med: $991,260 sqft: 4,000 low | high Med: 2,908 $ / sqft: $224 low | high Med: $483 On site: 2 low | high Med: 177 | |
| State | TX |
|---|---|
| County | Bastrop |
| City | Elgin |
| Zip Code | 78621 |
| Area | BA |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $895,000 low | high Med: $991,260 sqft: 4,000 low | high Med: 2,908 $ / sqft: $224 low | high Med: $483 On site: 2 low | high Med: 177 | |